INSIGHT: The corporate $BTC treasury landscape has become a one-man show, with @saylor's Strategy now the sole driver of demand.
While other public companies have gone silent, Strategy acquired ~45,000 Bitcoin in the last 30 days. The rest of the market? A mere 1,000 BTC, a 99% plunge from their peak activity.
This dynamic creates a "one buyer market," concentrating 76% of all corporate-held Bitcoin under a single firm and raising questions about demand diversity.