MicroStrategy’s Bitcoin dominance falls in October as rivals grow their treasuries
MicroStrategy continues to hold the top corporate position in Bitcoin reserves, but its proportional dominance eased in October after the company slowed new purchases. The drop isn’t because MicroStrategy sold large amounts; rather, a wave of other corporations and institutional buyers increased their allocations, diluting the firm’s relative share of total corporate-held BTC.
Why it matters: a more distributed corporate ownership base can change liquidity dynamics and reduce any single firm’s influence on market narratives. For investors, the development signals that corporate treasury strategy is becoming a broader trend rather than MicroStrategy’s outlier play, potentially stabilizing institutional demand while increasing competition for future accumulation windows.