Data highlights Bitcoin holders have negligible impact on Bitcoin market price
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A new research by crypto investment firm, Keyrock, has shown that Bitcoin treasury companies account for just 0.59% of daily BTC price movements. The Brussels-based firm released the market report on July 10. The report shows that the Bitcoin Treasuries company has minimal influence on price action despite holding a combined 847,000 BTC, approximately 4% of the total Bitcoin supply. Keyrock report relied on data from both public and private companies that disclose Bitcoin holdings in financial reports or regulatory filings. Per the report, the largest corporate holder, Strategy, alone controls over 1% of the total BTC supply. Interestingly, in the second quarter of 2024, corporate holdings grew by over 159,000 BTC, marking the highest quarterly increase so far. However, the report shows this had little to no effect on Bitcoin’s short-term market movements and no strong correlation between treasury buying and BTC price trends. It noted that most companies behave as long-term holders and do not move coins frequently. Bitcoin Treasury Firms Impact on Price (Source: Keyrock) Thus, Bitcoin, which is held in corporate treasuries, does not influence trading behavior or market momentum. Price action remains dominated by spot markets, exchange-traded products, derivatives, and retail activity. Treasury growth, while symbolic, has not translated into volatility or upward price pressure. Bitcoin-heavy stocks trade at significant premiums Meanwhile, the new report shows that public companies holding large Bitcoin reserves often trade at a premium to their actual BTC value. MicroStrategy currently leads with a 91.3% premium over the market value of its holdings.. That means investors pay $191 for every $100 of Bitcoin exposure through its stock. Other treasury firms also show similar premiums, ranging from 20% to 60%, depending on market cycles and investor demand. These premiums reflect how equities with Bitcoin exposure are priced above the value of the…
Filed under: News - @ July 10, 2025 11:27 pm