Corporate BTC Treasuries Prop Up Price as $106K Support Looms

Source: [1] REG - B HODL PLC - Bitcoin Purchase — TradingView News (https://www.tradingview.com/news/reuters.com,2025-09-24:newsml_RSX4992Aa:0-reg-b-hodl-plc-bitcoin-purchase/)

[2] Strategy Acquires 4,225 BTC for $472.5M, Boosts YTD (https://www.tradingview.com/news/cryptonews:5e3e2d0a5094b:0-strategy-acquires-4-225-btc-for-472-5m-boosts-ytd-bitcoin-yield-to-20-2-in-2025/)

[3] Bitcoin Treasuries | Companies owning BTC | Finder (https://www.finder.com/uk/share-trading/invest-in/cryptocurrency-treasuries/bitcoin-treasuries)

[4] Corporate Bitcoin Holdings Surge: Over 3.7M BTC in Treasuries (https://blockspot.io/a-simple-guide-to-bitcoin-treasuries/)

[5] Bitcoin Treasuries: BTC Holdings of Public Companies (https://www.coingecko.com/en/treasuries/bitcoin)

---

Bitcoin’s market structure has evolved to suggest a potential test of the $106,000–$110,000 price range, driven by aggressive corporate accumulation and institutional adoption. As of September 2025, corporate entities hold over 3.71 million BTC, representing 17.5% of Bitcoin’s total 21 million supply. This surge in institutional demand, particularly from publicly traded firms like Strategy (formerly MicroStrategy) and newly listed entities such as B HODL Plc, has created a robust floor for the asset.

Strategy, the largest corporate holder with 638,460 BTC, continues to expand its treasury. In July 2025 alone, the firm acquired 2,205 BTC at an average price of $111,827, spending $238.66 million. This aligns with broader institutional buying patterns, where companies are leveraging equity and debt instruments to fund Bitcoin purchases. For instance, B HODL Plc recently raised £15.3 million ($20.7 million) to acquire 100 BTC at $113,227 per coin, further reinforcing the $110,000 price level as a key support.

The cumulative impact of these purchases is evident in Bitcoin’s price dynamics. Corporate treasuries now hold approximately 1.006 million BTC in public companies, with the top 100 firms accounting for 99.95% of this total. Strategy’s holdings alone represent 3.04% of Bitcoin’s supply, while competitors like Marathon Digital and Metaplanet hold 0.25% and 0.096%, respectively. These holdings are not static; firms like Metaplanet, which targets 210,000 BTC by 2027, and Strategy, averaging 39.79 BTC daily acquisitions, demonstrate a strategic focus on long-term price inflation through sustained demand.

Market structure analysis highlights the significance of the $106K–$110K range. Recent data from CoinGecko’s Bitcoin Treasuries tracker shows that the average purchase price for institutional buyers in 2025 is $71,268, but recent transactions have pushed this average upward. For example, B HODL’s $113,227 acquisition and Strategy’s $111,827 average price indicate that institutional buyers are now willing to pay premiums to accumulate BTC, even as the asset trades near all-time highs. This behavior creates a self-reinforcing cycle: higher average purchase prices reduce the likelihood of short-term selling, while increased institutional ownership bolsters market confidence.

The Lightning Network infrastructure, a key revenue stream for firms like B HODL, also plays a role in stabilizing Bitcoin’s value proposition. By deploying Bitcoin as liquidity providers on the Lightning Network, companies generate recurring routing fees while reducing exposure to price volatility. B HODL, for instance, plans to scale its Lightning node operations to diversify income streams, a strategy that could enhance Bitcoin’s utility as both a store of value and a medium of exchange.

Despite Bitcoin’s recent $123,000 all-time high, the $106K–$110K range remains a critical area of focus. Historical data from corporate treasury disclosures and trading activity suggest that institutional buyers are accumulating BTC at these levels to balance risk and reward. If Bitcoin retraces to this range, it could trigger further buying from firms with unspent capital, potentially propelling the price higher. Conversely, a breakdown below $106K would test the resilience of corporate treasuries, which have demonstrated a commitment to maintaining their BTC holdings even amid volatility.

In summary, the confluence of institutional accumulation, strategic treasury management, and infrastructure development positions Bitcoin to test the $106K–$110K range. As corporate entities continue to allocate capital to Bitcoin, their actions are reshaping market dynamics, creating a floor that could support further price appreciation in the near term.