CryptoQuant experts reported that in Q1 2025, public companies added 91,781 BTC to their balances. This significant accumulation has raised questions about the decline in the price of Bitcoin, which fell from $94,400 to $82,500.
This is reported by Business • Media
Who is Buying Bitcoin?
Among the firms investing in the first cryptocurrency, the following stand out:
- Tether — 8,888 BTC;
- MicroStrategy — 81,785 BTC;
- The Blockchain Company — 605 BTC;
- Semler Scientific — 1,108 BTC;
- Metaplanet — 2,285 BTC.
Additionally, analysts noted that Marathon Digital plans to sell shares worth $2 billion to further acquire Bitcoins. Another retailer, GameStop, announced the issuance of convertible senior bonds amounting to $1.3 billion for investments in cryptocurrency.
Reasons for the Decline in Bitcoin Price
Despite active purchases, the price of Bitcoin has decreased by approximately 22% since the beginning of the year. According to the CryptoQuant report, one of the main reasons for this decline is the selling by long-term holders.
“Their reserves decreased by 178,000 BTC in Q1, which offset corporate purchases and created selling pressure,” the report states.
An additional factor impacting the market has been the capital outflow from Bitcoin ETFs. In Q1, $4.8 billion was withdrawn from these funds. Previously, CryptoQuant analysts emphasized the importance of this moment for the Bitcoin market, outlining two potential scenarios for future developments.