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Bitcoin (BTC) is no longer a target for corporate treasuries as current buyers sit on unrealized losses, new research shows.
Key points:
- Bitcoin corporate treasuries added just 5,900 BTC over three months, a fraction of 2025 acquisition rates.
- Previous buyers remained in unrealized losses on their holdings, with their aggregate cost basis at $80,500.
- Analysis shows fresh investor capital inflows stalling this week.
BTC price action refuses to let Bitcoin treasuries break even
Onchain analytics platform Glassnode reveals that in 2026, listed companies bought around 5,900 BTC — less than 7% of their purchases in July 2025 alone. During that month, companies bought 89,000 BTC, even as BTC/USD traded above $100,000.
Glassnode notes that for extant corporate treasuries, profitability remains conspicuously lacking.
“Their average entry, the Corporate Treasury Cost Basis, sits at $80.5K, about 6% above spot, so the group as a whole is under…
