According to data from Bitcoin For Corporates, the corporate Bitcoin treasury led by Michael Saylor's MicroStrategy will hold a total of 494,000 Bitcoins by 2025, bringing its total holdings to 1.13 million, accounting for 5.1% of the total supply. Despite Bitcoin's annual decline of 6.4%, companies have not chosen to sell but have expanded their holdings through financing methods such as preferred stocks and "digital credit." However, the 30-day apparent demand growth indicator remains negative, indicating that ETF selling pressure may offset the treasury’s accumulation and lead to Bitcoin prices falling below $100,000 in the long term.