PANews reported on March 26 that CryptoQuant's analysis on its X platform indicates that Bitcoin treasury demand is currently entirely driven by Strategy. In the past 30 days, Strategy has purchased 45,000 Bitcoins, while other companies combined have only purchased approximately 1,000, a 99% decrease from previous periods. Currently, Strategy holds approximately 76% of the Bitcoin treasury share, indicating a highly concentrated industry with a lack of broad corporate demand.