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📉 Bitcoin treasury companies just stopped buying Glassnode data shows listed treasury firms added only ~5,900 BTC across all of 2026 so far $BTC For comparison, they added 89,000 BTC in July 2025 alone That's not a slowdown. That's a halt And there's a detail most people are missing 👀 The group's average cost basis sits near $80,500 — about 6% above spot Meaning the entire cohort is underwater right now Strategy is holding 845,050 BTC at a $75,412 cost basis $ETH