October Data: Strategy's BTC Share Drops as Coinbase, Metaplanet Buy More
New October figures show the dominant holder labeled "Strategy" saw its share of total corporate Bitcoin reserves decline from about 75% to roughly 60% as more firms built treasury positions. Metaplanet and Coinbase led the month’s purchases, each adding thousands of BTC to their balance sheets, a move that tightens available circulating supply and could support price dynamics if the trend continues.
The corporate playbook appears to be evolving: several companies are diversifying beyond Bitcoin into Ethereum and Solana, drawn by staking opportunities and passive yield prospects. That shift matters because it signals broader institutional appetite across multiple layers of crypto infrastructure, potentially reducing single-asset concentration risk while increasing demand for staking services and on-chain liquidity.