Public companies accumulated 50,351 Bitcoin in the first quarter of 2026, marking the highest quarterly total on record. This significant acquisition occurred during a 22% price correction in Bitcoin, highlighting a divergence between price weakness and sustained corporate demand. The accumulation underscores the long-term positioning of institutional investors, even as Bitcoin faced macroeconomic volatility. According to a report by ARK Invest, the supply of Bitcoin held by conviction buyers surged 69% in Q1 to 3.60 million BTC, the highest level since 2020. This brings the total long-term holder supply to 14.62 million BTC, up 4.5% year-over-year. Despite Bitcoin's recent underperformance compared to gold, corporate treasuries continue to accumulate BTC, reinforcing its role as a hedge amid macroeconomic uncertainty. The BTC/XAU ratio has improved by 20% in Q2, following a 28.06% correction in Q1, suggesting potential rotation dynamics. With corporate demand supporting Bitcoin accumulation, this trend could continue, positioning corporate flows as a key catalyst for Bitcoin's performance in the second half of the year.