Public companies have sharply reduced Bitcoin purchases as the cryptocurrency fell below $80,000 and fresh capital inflows slowed. Glassnode data cited by CoinDesk shows listed companies bought only 5,900 BTC over the past three months, less than 7% of the 89,000 BTC acquired in July 2025. Corporate Bitcoin treasuries now have an average cost basis of $80,500, about 6% above the current price, placing the group in a collective unrealized loss. Analysts view that cost basis as a significant resistance level that is limiting new inflows amid macroeconomic pressure, including the U.S. Federal Reserve’s resumption of rate hikes for the first time in three years and uncertainty over whether a vote on the CLARITY Act will succeed.