Corporate Bitcoin Adoption Falls 95% Since July – BTC Bull Run Over?

Corporate Bitcoin Adoption Trends - Corporate Bitcoin adoption has significantly declined, with a 95% drop in the number of companies adopting Bitcoin as a reserve asset since July [1] - In 2025, there were 89 new companies adding Bitcoin to their balance sheets, a stark contrast to just 6 in 2020, indicating a slowdown in momentum [1][4] - The trend began with 4 companies in January, peaked at 21 in July, but fell to only 15 in August and just one in September [2] Market Impact - The stock prices of Bitcoin Treasury companies are cooling down after significant rallies, with Blockchain Group down 35% in the last month after a peak increase of 1,820% [2] - Metaplanet Inc experienced a peak increase of 355% but is now down 33.2%, reflecting a deflation of the Bitcoin adoption hype [3] Economic Concerns - Analysts believe corporate Bitcoin accumulation has been a key driver of Bitcoin's price increase of 96.75% year-to-date, primarily due to corporate and institutional buying [4] - There are concerns that slowing corporate buying could negatively impact Bitcoin prices, especially if companies begin to sell [5] - Many Bitcoin treasury companies are unprofitable and depend on Bitcoin price gains for solvency, leading to worries about their sustainability in a rising interest rate environment [5][6] Future Projections - Analysts predict a potential market dump for Bitcoin, projecting prices could drop towards $104,000 or $92,000 before a possible reversal [6][7]