CryptoQuant: The demand for Bitcoin reserves is currently fully driven by Strategy

CryptoQuant analyzed on platform X that the demand for Bitcoin reserves is currently entirely driven by Strategy.

In the past 30 days, Strategy purchased 45,000 Bitcoins, while other companies collectively bought only about 1,000, a decrease of 99% compared to before. Currently, Strategy holds about 76% of the Bitcoin reserve share, indicating a high concentration in the industry and a lack of broad corporate demand.