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Bitcoin’s Corporate Demand Is Narrowing

Bitcoin Treasuries Report, January 2026

Ecoinometrics

Jan 14

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Bitcoin has relied on two main sources of demand over the past couple of years.

The first has been capital flowing into spot Bitcoin ETFs. The second has been public companies accumulating Bitcoin as part of their treasury strategy.

We already know what happened to ETF demand after Q4 2025. Flows went from strong selling pressure before essentially disappearing so far in 2026.

That shift matters because ETFs had become the dominant buyer. Once that support fades, attention naturally turns to the second demand channel: corporate treasuries.

The question now is simple. Can corporate buying still provide meaningful support on its own?

That’s what we’re going to look at in this report.

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Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics.

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