Strategy's Unprecedented Dominance in Bitcoin Treasury Buying

The Bitcoin treasury trade has seen a significant downturn in recent weeks, with Strategy being the sole exception.

According to data from BitcoinTreasuries.net, Strategy led by Michael Saylor accounted for 99.2% of all Bitcoin buys last week, adding $39 million to its stack and bringing its total to 717,722 coins worth approximately $45 billion.

Meanwhile, the rest of the market has virtually disappeared, with only three micro-cap companies making small purchases totalling barely over $305,000. This has led some to question the sector's fundamental fragility.