Bitwise Says Corporate Bitcoin Purchases Could Rebound as Early as Late 2026

Bitwise Head of Research Ryan Rasmussen said corporate Bitcoin purchases could recover toward the end of 2026 if the cryptocurrency's price rebounds, according to a report published by Hokanews on October 20, 2026. His assessment follows a sharp slowdown in corporate accumulation during the third quarter of 2026, when purchases by Strategy and other publicly traded companies fell substantially from the prior quarter.

Data shared by Rasmussen showed that Strategy's net Bitcoin holdings increased by 83,901 BTC in the second quarter but by only 1,666 BTC in the third quarter. Net Bitcoin purchases by other publicly traded companies declined from 45,725 BTC to 5,617 BTC over the same period. Rasmussen indicated that buying could resume between late 2026 and 2027 if prices begin to recover.

Rasmussen said a stronger Bitcoin price could revive corporate accumulation, with one key factor being whether shares of companies holding Bitcoin return to trading at a premium to the value of their underlying BTC holdings. Premiums of that kind would give companies more scope to pursue additional purchases, he said. The outlook remains conditional on both a price recovery and a more favorable environment for corporate buying.

Rasmussen also pointed to US spot Bitcoin exchange-traded funds, which recorded $6.4 billion in total net capital inflows during the third quarter of 2026, according to the data he cited. He argued that continued ETF investment could support prices even if publicly traded companies remain cautious. He framed the outlook as resting on two sources of demand, renewed corporate purchases and sustained ETF inflows, while acknowledging that the timing and scale of any rebound remain uncertain.

The third-quarter figures underscore the importance of tracking both corporate treasury activity and spot ETF flows when assessing Bitcoin demand. The article was written by Ethan Collins and attributes its analysis to Rasmussen's comments.