Bitcoin Q4 2025: Treasury Buying Slows, But Institutional Giants Are Quietly Accumulating

While the U.S. Treasury's pace cools, a silent accumulation is underway.

The Quiet Giant Strategy

Forget the retail frenzy. The real story this quarter isn't on public exchanges—it's happening in private over-the-counter desks and through bespoke financial instruments. Major asset managers and publicly traded corporations are building positions away from the spotlight, a classic move that often precedes a major supply shock. They're not buying the dip; they're building a foundation.

Decoding the Slowdown

The Treasury's reduced activity isn't a bear signal—it's a normalization. Initial aggressive buying was a policy statement. The current phase is about strategic, sustained allocation. It signals a transition from explosive adoption to foundational integration, a far more bullish long-term indicator for network maturity. Meanwhile, traditional finance veterans are executing a playbook older than most cryptocurrencies: buy when there's blood—or in this case, bureaucratic hesitation—in the streets.

The Real Price Catalyst

The next major price move won't be triggered by a tweet. It will be ignited by a single press release from a Fortune 500 company announcing a billion-dollar treasury allocation, making every traditional portfolio manager's spreadsheet instantly obsolete. The quiet accumulation is simply the fuse being laid.

So, while the mainstream narrative frets over quarterly fluctuations, the architects of the next cycle are busy working. After all, on Wall Street, if you hear about an opportunity, you're already late to the party—and in crypto, the party is just getting started.

In brief

• Bitcoin adoption is slowing among companies, but giants are quietly intensifying their accumulation.
• Strategy continues to invest massively in bitcoin, while others sell or reduce their exposure.

Bitcoin: a corporate adoption that is slowing sharply

The fourth quarter marks a turning point for. According to reports, only 9 new companies have integrated this digital asset into their corporate treasury (compared to 53 in the previous quarter). This decline adds to a disengagement movement observed in several countries.

Despite this, the overall numbers remain significant. In 2025, 117 companies hold bitcoin in their digital portfolio. This represents a total of 1 million BTC, equivalent to. Bitcoin ETFs add 1.49 million BTC. This strengthens bitcoin holdings by increasingly influential financial actors.

However, some companies are retreating. This is notably the case for Metaplanet, which has not strengthened its position for two months. This generally indicates a repositioning, often linked toand liquidity needs.

Strategy continues investing in BTC while altcoins fall

While some sell, others double down on commitment. This mainly refers to Strategy, which.

This accumulation contrasts with massive disengagement in other crypto assets. ETH purchases, for example, drop by 81% between August and November. BitMine notably goes from 2.6 billion dollars to only 296 million dollars of ETH.

On the XRP side, Evernorth Holdings shows 80 million dollars inafter a 950 million dollar operation.

These figures highlight an important fact: bitcoin remains the benchmark asset for institutional investors, despite the turmoil in the crypto market. This development could well redefine balances in transactions as well as upcoming investment strategies.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.