Bitcoin Treasury Company has increased its holdings of 5900 BTC in the past three months, with an average holding cost higher than the spot price

According to Glassnode data, Bitcoin Treasury has only increased its holdings by about 5900 BTC in the past three months, with the majority of buying coming from Strategy, including 4603 BTC purchased in late August. Last year, the Bitcoin Treasury Company increased its holdings by over 100000 BTC and purchased 89000 BTC in July 2025 alone. The average holding cost of Bitcoin Treasury Company is about 80500 US dollars, which is about 6% higher than the current spot price, and the overall situation is in a floating loss state. According to Bitcoin Treasury data, 181 listed companies hold approximately 1.22 million BTC, of which Strategy holds approximately 845100 BTC. The US spot Bitcoin ETF has attracted billions of dollars in funds since early August, but the cumulative net inflow so far this year is still about $1 billion short of turning positive. The Coinbase premium indicator has been negative for most of the time since May, with the total supply of stablecoins remaining at $300 billion to $310 billion.