Smaller Bitcoin treasury holders have added 602.6 BTC, valued at approximately $46 million, to their reserves as larger corporate buyers temporarily halt acquisitions. Notable purchases include 381.6 BTC by Strive, 200 BTC by DDC Enterprise Limited, 19 BTC by The Smarter Web Company, and 2 BTC by Hyperscale Data. This activity suggests a shift in the buyer base rather than a retreat from corporate Bitcoin accumulation. The acquisitions occurred as Bitcoin prices dipped below $80,000, with Strive and DDC Enterprise Limited reporting average purchase prices of $79,348 and $79,496 per BTC, respectively. This trend highlights persistent demand from smaller treasuries, even as Strategy, the largest known treasury holder, pauses its weekly buying. Meanwhile, ETF outflows totaling $1.54 billion have raised questions about investor sentiment, though some analysts suggest these reflect retail rather than institutional movements.