A new Keyrock report reveals that Bitcoin treasury companies, despite accumulating 725,000 BTC, had minimal daily impact on BTC’s spot price in 2025. Their structured transactions and off-market deals kept public slippage low, with only rare exceptions causing significant price swings.
- Corporate Bitcoin treasuries accumulated 725,000 BTC in 2025 but caused only a 0.59% average daily price impact due to off-market transactions.
- Keyrock identified rare instances where acquisitions drove intraday BTC price swings above 3%, with one Strategy tranche causing a 9.05% move.
- Treasury firms trade at a 73% premium to their BTC holdings, raising refinancing risks as they rely on debt and stock issuance to service obligations.
📎 Related coverage from: cryptoslate.com
