Bitcoin slipped below $85,000 on Monday even as three major corporate treasury companies disclosed fresh accumulation, highlighting a growing disconnect between institutional buying and short-term price momentum.
Strategy, Metaplanet and Strive revealed purchases representing a combined net addition of 3,334 BTC. Yet Bitcoin failed to hold the psychologically important $85,000 level after another rejection around $87,000.
The contrast suggests corporate treasury demand alone is not currently large enough to overcome broader selling pressure, particularly as Treasury yields remain elevated and spot demand struggles to produce a convincing breakout.
Strategy Is Already Below Its Latest Purchase Price
Strategy disclosed that it bought 334 BTC for $28.7 million between Oct. 1 and Oct. 4 at an average price of $85,838.80.
The purchase lifted its holdings to 848,000 BTC, acquired for approximately $63.97 billion. Bitcoin’s move below $85,000 means Strategy’s newest coins are already trading below their acquisition price, even as its latest Bitcoin buy extended the company’s recent accumulation streak.
Metaplanet also disclosed significant Q3 activity Monday. The Japanese company sold 10,000 BTC before buying 11,000 BTC back, producing a net increase of 1,000 BTC and bringing its treasury to 44,000 BTC.
That extends a strategy that saw Metaplanet resume BTC buying earlier this year.
Strive Adds 2,000 BTC Near Current Prices
Strive delivered the largest new purchase of the three.
The company bought 2,000 BTC for roughly $169 million between Sept. 28 and Oct. 2, paying an average $84,422 per Bitcoin. Its holdings increased to 29,462 BTC, placing it among the largest listed Bitcoin treasuries.
Strive has been particularly aggressive during market weakness. An earlier BTC purchase was also executed during a Bitcoin pullback.
