Bitcoin treasuries stall in Q4, but largest holders keep stacking sats

Published:

December 12, 2025

Reading time: Less than 1 min.

Bitcoin treasury adoption slowed during the fourth quarter, but the largest firms continued to accumulate BTC, with public companies now holding over 4.7% of the total Bitcoin supply.

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Bitcoin treasuries stall in Q4, but largest holders keep stacking sats

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