CryptoQuant.com(@cryptoquant_com):Public companies now hold 1.3M BTC, up 31% in 14 months. Sounds like the treasury trade is booming. It isn't. 71% of that growth came from one company: Strategy. The rest of the sector is buying less, selling more, and barely adding new names. A thread 🧵

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CryptoQuant.com@cryptoquant_com

2026.10.28 16:07

Public companies now hold 1.3M BTC, up 31% in 14 months. Sounds like the treasury trade is booming. It isn't. 71% of that growth came from one company: Strategy. The rest of the sector is buying less, selling more, and barely adding new names. A thread 🧵

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