Strategy $MSTR ( ▲ 6.07% ) dominated corporate Bitcoin accumulation last month. According to a new report from Bitcoin Treasuries, the company accounted for as much as 97.5% of all Bitcoin purchases made by public companies in January.
That single handed push brought sector wide buying back to levels last seen in late summer.
40,000+ BTC in One Month
Strategy ended January with 712,647 BTC on its balance sheet, worth roughly $47.9 billion at current prices. The company added 40,150 BTC during the month alone.
Despite the aggressive accumulation, both $MSTR shares and Bitcoin $BTC have fallen roughly 20% year to date. Strategy stock is trading below $122, while Bitcoin sits near $67,800.
Geode Doubles Down
Asset manager Geode Capital Management increased its exposure to Strategy $MSTR, adding 175,343 shares last quarter. The firm now holds about 3.9 million shares valued at roughly $477 million.
Geode also initiated a position in American Bitcoin $ABTC, acquiring 1.6 million shares worth about $1.8 million. The Trump backed Bitcoin treasury company was not in Geode’s portfolio last quarter.
Corporate Bitcoin Is Still a One Company Story
The data underscores how concentrated corporate Bitcoin accumulation has become. While multiple public companies hold BTC, Strategy $MSTR remains the primary driver of incremental demand.
If corporate treasury adoption is going to expand meaningfully, it will likely need more players stepping in alongside Strategy rather than relying on one balance sheet to move the needle.