A recent report from Bitcointreasuries.net has highlighted a significant change in the behavior of Bitcoin (BTC) treasures, revealing that the amount of sales has surpassed purchases for the first time in February.
Bitcoin Treasuries Experience Net Decrease
According to the reportpublic companies involved in treasury strategies purchased or disclosed approximately 7,800 BTC worth approximately $522 million by the end of February 2026.
Notably, nearly two-thirds of these acquisitions were disclosed in one business, Michael Saylor’s Strategy (formerly MicroStrategy), while six other companies did the rest.
However, sales job covered these additions, where various public treasures collectively sold or reduced their holdings by around 8,600 BTC. This resulted in a total drop of about 800 BTC per month.
Even if there were no sales in February, net additions would still surpass previous months, such as January and December, which saw gains of 41,000 BTC and 29,000 BTC, respectively.
Additionally, the report analyzed the dollar value of public company assets, which fell from $102 billion in January to $78 billion in February, reflecting Bitcoin’s decline during the month.
Despite this downturn, there is a glimmer of hope, as the report points out public wealth added approximately 62,000 BTC so far in the current quarter, mainly driven by Strategy activities.
Strategy Set for Continued Governance
The strategy emerged as the dominant player in Bitcoin purchases during February, buying 5,075 BTC, representing two-thirds of the month’s total purchases. At the end of February, Isu held 717,722 BTC, with an estimated value of $48 billion.
The company accounted for 65% of all Bitcoin purchases in February, solidifying its dominance in the sector. However, it is important to note that this was one of Strategy’s less shopping monthsas it had made large purchases in December (22,627 BTC), January (40,150 BTC), and the first half of March (21,009 BTC).
Several other companies are also contributing to the adoption of Bitcoin during the month. Coinbase reported in its results for the fourth quarter of 2025 that it holds 15,389 BTC, increasing its holdings by 841 BTC from the previous quarter.
MARA Holdings also saw its balance increase, reporting 53,822 BTC at the end of the month—a gain of 572 BTC from the last quarter. The company, however, has faced speculation about a potential sale, despite clarifying its position on the sale in its 10-K filing.
Looking ahead, the report suggests that Strategy is likely to maintain its dominance in Bitcoin buying, especially given its strong start in March and its commitment to moving forward. Purchase of BTC.
However, the significant sales of various companies in recent months, and the new approval of these sales from firms such as MARA Holdings and GD Culture Group, may lead to further reductions in assets and may result in adverse changes in the coming months.
At the time of writing, BTC was trading at $71,090, which is an increase of 1.4% in the last 24 hours, despite failing to break through the $74,000 resistance level earlier on Friday.
Featured image from OpenArt, chart from TradingView.com
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