Overview
- About 65% of measured corporate holders now sit on unrealized losses after Bitcoin’s late‑November slide below $90,000, according to the Bitcoin Treasuries report.
- Companies added roughly 12,644 BTC in November with net additions near 10,750 BTC, and Q4 is tracking around 40,000 BTC in net adds as only 28 buyers were disclosed and just nine new treasuries formed, per CryptoQuant.
- Strategy accounted for roughly 72–75% of November purchases by adding 9,062 BTC and now holds about 660,624 BTC after early‑December buys.
- At least five firms sold or trimmed positions in November—Sequans offloaded roughly one‑third of its holdings and Hut 8 reduced 389 BTC—with total sales around 1,900 BTC, Decrypt reported.
- Mining companies collectively hold about 127,000 BTC, or roughly 12% of corporate treasuries, led by Marathon, Riot and Hut 8, even as treasury equities broadly lagged the S&P 500 this year and reports warn the 'premium era' has ended.