Smaller Bitcoin Treasury Firms Buy 602.6 BTC as Strategy Pauses Weekly Purchases

Smaller Bitcoin treasury companies bought the dip after Bitcoin fell below $80,000, adding a combined 602.6 BTC last week. The buying came as Strategy, the largest corporate holder of Bitcoin, paused its usual weekly purchases, shifting activity toward smaller treasury-focused firms.

Cointelegraph reported on May 26 that the companies spent about $46 million on the purchases.

Strive, an asset manager with a Bitcoin treasury strategy, bought 381.6 BTC. Global consumer food brand DDC Enterprise purchased 200 BTC. U.K. web design firm The Smarter Web Company, or SWC, added 19 BTC. AI data center company Hyperscale Data bought 2 BTC.

The purchases came just after Bitcoin slipped below $80,000. Strive paid an average of $79,348 per Bitcoin, while DDC paid $79,496. SWC's average purchase price was $77,687. Hyperscale Data said it bought Bitcoin on the open market but did not disclose an average price.

Cointelegraph said the buying shows corporate demand for Bitcoin has persisted through the recent pullback. At the same time, the main buyers appear to have shifted from Strategy to smaller Bitcoin treasury firms.

Strategy appears to have stopped its regular weekly buying after a large purchase the previous week. The company previously disclosed that it bought 24,869 BTC for $2.01 billion from May 11 to May 17. Its average purchase price was $80,985 per Bitcoin. The purchase marked Strategy's third large investment of 2026.

U.S. spot Bitcoin exchange-traded funds continued to post outflows. Data from Farside Investors showed net outflows of $1.54 billion over the six trading sessions through last Friday.

Some market participants, however, do not view the ETF outflows as entirely negative. Cointelegraph reported that crypto sentiment platform Santiment interprets the withdrawals as a contrarian indicator, arguing that ETF flow data can overstate retail investor sentiment rather than reflect smart-money positioning.

The average purchase price of Bitcoin treasury companies is a key gauge of unrealized gains or losses and long-term holding intent. Continued buying during price pullbacks can indicate that companies view Bitcoin as a long-term treasury asset rather than a short-term trading instrument.

Data from Bitcoin Treasuries shows about 198 listed companies currently hold Bitcoin. Together, they own about 1.24 million BTC, or roughly 5.9% of total supply.