Glassnode said in its latest weekly report that the average cost basis of the bitcoin treasury companies it tracks was about $80,200 as of Oct. 19. The report said Bitcoin’s daily close has remained above that level since Sept. 18, yet corporate buying has not recovered alongside the price rebound. It also noted that monthly accumulation since June has stayed below 10% of the peak recorded in November 2024. The figures point to a gap between price strength and the pace of additional corporate purchases in the segment tracked by Glassnode.
According to a ChainCatcher report citing Glassnode’s latest weekly note, the average cost basis of the bitcoin treasury companies tracked by Glassnode was about $80,200 as of Oct. 19.
Glassnode said Bitcoin’s daily close has remained above that level since Sept. 18, but corporate buying has not resumed with the price recovery.
The report also said monthly accumulation since June has been less than 10% of the peak seen in November 2024.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
