Corporate Bitcoin Buying Accelerates…More Than Triple New Mining Output
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Summary
- Over the past six months, corporate Bitcoin purchases have reached about three times the volume of new mining supply, drawing growing attention to changes in the supply-demand structure.
- Bitcoin held by public and private companies has expanded to about 1.11 million BTC, rising by roughly 260,000 BTC over six months to about $25 billion in value.
- The market is raising the possibility that if corporate demand aligns with spot Bitcoin ETF demand, the Bitcoin price could enter a sharp upswing.
Corporate accumulation of Bitcoin is far outpacing new supply, heightening market attention on a shifting supply-demand dynamic.
According to Cointelegraph on the 14th (local time), the net increase in Bitcoin added to corporate digital asset treasuries (DAT) over the past six months totaled about 260,000 BTC. Over the same period, newly issued Bitcoin from mining came to roughly 82,000 BTC, meaning corporate purchases were about three times new supply.
Glassnode data show Bitcoin holdings by public and private companies rose from around 854,000 BTC six months ago to about 1.11 million BTC now—an increase of roughly 260,000 BTC, worth about $25 billion at current prices. On a monthly average, that implies about 43,000 BTC was added to corporate balance sheets.
Over the same period, Bitcoin miners produced an average of about 450 BTC per day, supplying a total of roughly 82,000 BTC. Market participants say corporate demand materially exceeding mined supply is creating a favorable medium- to long-term backdrop for supply and demand.
A sizable share of corporate-held Bitcoin is concentrated at Strategy. Led by Michael Saylor, Strategy currently holds about 68,7410 BTC, accounting for roughly 60% of total corporate holdings. Earlier this month, the company bought an additional 13,627 BTC, marking its largest single purchase since July last year.
The second-largest corporate holder is MARA Holdings (MARA), with about 53,250 BTC—worth roughly $5 billion at current prices.
Some in the market also expect spot Bitcoin ETF demand to further reinforce the trend. Bitwise Chief Investment Officer (CIO) Matt Hougan said that if ETF demand persists over the long term, Bitcoin’s price could enter a sharp upswing.
