CryptoQuant: Bitcoin treasury demand is now fully driven by Strategy

CryptoQuant analyzed on the X platform that Bitcoin treasury demand is currently completely driven by Strategy. In the past 30 days, Strategy bought 45,000 bitcoins, while other companies together bought only about 1,000 bitcoins, a decrease of 99% from the previous period. Strategy currently holds approximately 76% of Bitcoin's treasury share. The industry is highly concentrated and lacks extensive corporate demand.