A report from CryptoQuant experts indicates that public companies acquired 91,781 BTC in the first quarter of 2025. This significant increase in assets occurred against the backdrop of a decline in the price of Bitcoin, raising questions about the reasons for such a paradox.
This is reported by Finway
Who is Buying Bitcoin?
Among the companies that added Bitcoin to their balance sheets were:
- Tether – 8,888 BTC;
- MicroStrategy – 81,785 BTC;
- The Blockchain Company – 605 BTC;
- Semler Scientific – 1,108 BTC;
- Metaplanet – 2,285 BTC.
Additionally, Marathon Digital announced plans to sell shares worth $2 billion for further Bitcoin acquisitions, while GameStop announced the issuance of convertible bonds totaling $1.3 billion.
Why is the Price of the First Cryptocurrency Falling?
At the time of writing, the price of Bitcoin had decreased by approximately 22% from its peak values in January 2025. CryptoQuant experts point to several factors contributing to this decline. Firstly, significant sales by long-term holders of the cryptocurrency have been recorded.
“Their reserves decreased by 178,000 BTC in Q1, which offset corporate purchases and created selling pressure,” the report states.
Secondly, there has been an outflow of funds from spot Bitcoin ETFs, as approximately $4.8 billion was withdrawn from these funds in Q1. Experts are noting these trends, which may impact the further development of the situation in the cryptocurrency market.