Corporate Bitcoin accumulation declines in August as treasuries add 5.2 billion USD

Bitcoin’s momentum waned in August, primarily due to a decrease in corporate accumulation, which fell significantly from July.

In August, treasury entities contributed 47,718 BTC worth 5.2 billion USD, dropping from July’s additions of over 100,000 BTC.

Despite aggressive fundraising, public company holdings exceeded 1 million BTC for the first time, indicating growth in a fluctuating market.