Corporate crypto treasury inflows plunge 95% in May to $180.5M
Inflows into companies with digital asset treasuries dropped 95% month-over-month to $180.5 million in May, with almost all volume coming from bitcoin-focused firms.
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May saw a sharp decline in capital flowing into firms holding digital assets on their balance sheets. According to data, inflows totaled just $180.5 million, compared to $4 billion in April.
This represents a 95% drop from the previous month and is approximately 93% below the average monthly inflow for January through May. The majority of May's inflow was attributed to companies with bitcoin holdings.
The significant reduction suggests a cooling in corporate demand for crypto treasury exposure.
Source: ForkLog