Bitcoin treasury companies reached a record holding of 840,000 BTC in August, but data show weakening institutional demand. Strategy led corporate Bitcoin accumulation with 76% of total holdings. Purchase volumes and transaction sizes dropped significantly. Regulatory pressures are increasing, with Nasdaq implementing shareholder approval requirements. Sequans Communications executed a reverse stock split due to declining stock prices. The report suggests institutional Bitcoin accumulation may be entering a deceleration phase similar to the 2020-2021 cycle.

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