Demand for bitcoin as a corporate treasury asset is once again concentrated in Michael Saylor’s Strategy as the company steps up its bitcoin buying pace.

The craze of public companies that once sought to mimic Strategy by stocking up on bitcoin as a company treasury asset were the essence of the crypto market last summer. But today, as bitcoin’s price struggles for a sixth consecutive month, corporate treasury bitcoin buying has almost completely disappeared for all but Strategy itself, according to crypto data provider CryptoQuant. At the same time, Strategy is buying bitcoin at its fastest pace in almost a…