NewsBTC

3 April 2025

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Public Companies Accumulate 91,781 BTC in Q1 Despite Price Decline

Bitcoin is trading above $85,000, reflecting a 2.2% daily increase, but has declined over 8% in the past month and more than 20% since its January 2025 peak of over $109,000.

Public Companies Accumulate BTC While Long-Term Holders Sell

• Public companies accumulated 91,781 BTC from January to March 2025.
• Tether purchased 8,888 BTC, totaling 92,646 BTC.
• MicroStrategy acquired 81,785 BTC valued over $8 billion.
• Marathon Digital plans a $2 billion stock sale for Bitcoin purchases.
• GameStop is considering a $1.3 billion convertible note for Bitcoin investment.
• Long-term holders sold approximately 178,000 BTC, increasing sell pressure.
• $4.8 billion outflow from spot Bitcoin ETFs contributed to price decline.

$4.8 billion flowed out of Bitcoin ETFs in Q1. This likely weighed heavily on price despite corporate buying.

Key Support Levels for Bitcoin Identified by Analyst

CryptoQuant analyst BorisVest identified a support zone between $65,000 and $71,000, based on:

• Active Realized Price at approximately $71,000, indicating active market behavior.
• True Market Mean Price at $65,000, reflecting recent transaction averages.

This zone may attract long-term holders and institutional buyers, potentially serving as a foundation for future price increases.