Corporate Bitcoin Holdings Surge 40%, But BTC Stays Flat

Core Insights - Public companies are acquiring Bitcoin at an unprecedented rate, with corporate holdings increasing nearly 40% in Q3 2025, yet Bitcoin's price remains below $115,000 [1][3][7] Corporate Accumulation - The number of public companies holding Bitcoin reached a record 172, with total holdings of approximately 1.02 million BTC, representing about 4.8% of the total supply, valued at $117 billion as of September 30, 2025 [3][4] - Strategy, the largest corporate Bitcoin holder, increased its holdings by 40,000 BTC in Q3, bringing its total to over 640,000 BTC [4] - Metaplanet, a Japanese company, doubled its Bitcoin holdings during the quarter, reflecting a trend of increasing corporate accumulation despite market volatility [5] Market Sentiment - There is a noticeable divergence between rising institutional adoption and Bitcoin's stagnant price, raising questions about investor sentiment [2] - Despite record corporate accumulation, Bitcoin's price has not responded positively, remaining below $115,000 [1][7] - The decline in share prices for companies heavily exposed to Bitcoin, such as Metaplanet, indicates a lack of enthusiasm in the market following recent turbulence in crypto-related equities [5][7] Price Dynamics - Bitcoin's price has shown signs of recovery after the October 10 flash crash, but analysts caution that the recovery may be losing momentum [6][7] - The price action suggests that Bitcoin could test lower levels again, indicating potential risks in the market [7][8]