Bitcoin Treasuries Acquire 18,700 BTC in November Amid Institutional Purchases

Despite a notable market correction, Bitcoin's largest long-term holders continued to accumulate aggressively in November 2025. Digital Asset Treasuries added a net total of 18,700 BTC during this month, as institutions seized the opportunity to buy the dip caused by a decline in Bitcoin's price.

Key Takeaways

Digital Asset Treasuries added 18,700 BTC in November, despite a decline of 15.62% in Bitcoin's value.
Bitcoin's price dropped from $103,000 to approximately $86,000, marking one of the steepest corrections in recent months.
This accumulation has pushed the total Bitcoin held in treasuries to 1,860,977 BTC, accounting for nearly 9% of Bitcoin's circulating supply.

Bitcoin’s largest long-term holders showcased their resilience in November, continuing to accumulate despite a significant correction in the market. According to new data from Sentora, Digital Asset Treasuries secured a net total of 18,700 BTC this month.

Bitcoin treasuries

Source: Sentora

This buying activity increased the total amount of Bitcoin held in treasuries to 1,860,977 BTC, which represents almost 9% of Bitcoin’s circulating supply now stored within corporate, institutional, and government portfolios.

Bitcoin treasuries add 18.7K BTC in November as institutions buy the dip

Accumulation Grows Amid Price Declines

The accumulation trend is particularly striking against the backdrop of Bitcoin's bearish price movements. Since mid-November, BTC has experienced a decline of 15.62%, falling from the $103,000 level to lows near $86,000, as reported by TradingView data.

This decline marks one of the most pronounced multi-day pullbacks in the past months, influenced by rising concerns in the macroeconomic environment and increased volatility in risk assets.

Bitcoin price trend

Source: TradingView

Despite the weakening sentiment among retail investors, institutional buyers took advantage of the situation. The net addition of 18,700 BTC in November stands out as one of the strongest monthly accumulations this year, continuing the trend of long-term wallets absorbing supply during periods of price downturns. The six-month trend line for treasury flows shows a consistent upward pattern, highlighting steady accumulation amid both price rallies and corrections.

Institutional Strategy Signals Confidence

Adding depth to this trend, the firm Strategy indicated it has raised $21 billion year-to-date in 2025 through several different securities. This capital structure comprises $11.9 billion in common equity, $6.9 billion in preferred equity, and $2 billion in convertible debt.

Michael Saylor noted during this downturn that Strategy would persist in its accumulation efforts, strengthening the belief that the company will retain its position as the largest corporate holder of Bitcoin worldwide.

Strengthening Supply Dynamics

With almost 1.86 million BTC now effectively taken out of active circulation, November’s accumulation further restricts market supply while fresh Bitcoin supply remains at historically low levels. Although short-term price pressures continue, with BTC trading around the mid-$80,000 range, institutional behaviors illustrate ongoing confidence.

The treasury flows indicate that long-term investors view the current price correction as an opportunity to deepen their positions rather than as a cause for concern.