BTC treasury companies are back above their ~$80k avg cost basis.
But here's the problem: fresh buying has dried up.
Strategy added only 267 $BTC last week. Meanwhile, they're pivoting capital into preferred-stock buybacks instead of stacking more corn.
This matters because corporate treasury demand has been a key pillar of $BTC buying pressure.
Being back in profit is cool for existing holders, but it doesn't mean another accumulation wave is coming.
I care about what they're actually buying now, not where their entry sits. Watch the flow, not the average.
But here's the problem: fresh buying has dried up.
Strategy added only 267 $BTC last week. Meanwhile, they're pivoting capital into preferred-stock buybacks instead of stacking more corn.
This matters because corporate treasury demand has been a key pillar of $BTC buying pressure.
Being back in profit is cool for existing holders, but it doesn't mean another accumulation wave is coming.
I care about what they're actually buying now, not where their entry sits. Watch the flow, not the average.