Corporate Bitcoin Holdings Plummet to 2023’s Lowest Point

October witnessed a significant decline in corporate Bitcoin purchases, reaching the lowest monthly total this year. Data suggests that companies added just 14,447 BTC to their holdings last month, signaling a slowdown from the previous trend of increasing investments in cryptocurrency. While the number of companies holding Bitcoin doubled since January, reaching 353 by October 31st, actual purchasing activity indicates a more cautious approach from existing holders. This shift is raising questions about how institutional sentiment and market dynamics are shaping corporate strategies.