Michael Saylor’s Strategy dominates DAT BTC buying as treasury demand collapses
By Sam Reynolds
Published on March 26, 2026.
Corporate bitcoin BTC (DAT BTC) buying has been reduced to a single company, Strategy, the largest corporate bitcoin holder in the world, which has purchased roughly 45,000 BTC over the past 30 days, its fastest accumulation pace since April 2025. This is a significant decrease in demand from all other companies, which combined bought approximately 1,000 bitcoins in the same period, a 99% decline from a peak of 69,000. Strategy now holds roughly 76% of all bitcoin held by treasury companies. The numbers confirm a warning from Galaxy Digital, which argued that the digital asset treasury company model was a liquidity derivative that worked only if equities traded at a premium to their underlying bitcoin holdings.
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