Crypto treasury buying outpaces Bitcoin supply at 3-to-1

1 hour ago

Corporate integer plus treasuries (DATs) added a nett 260,000 Bitcoin to their equilibrium sheets implicit the past six months, acold outpacing the estimated 82,000 coins mined implicit the aforesaid period.

Over the past six months, Bitcoin (BTC) treasuries held by nationalist and backstage companies person accrued from astir 854,000 BTC to 1.11 cardinal BTC, on-chain analytics supplier Glassnode reported connected Tuesday.

This equates to an enlargement of astir 260,000 BTC, worthy astir $25 cardinal astatine existent marketplace prices, oregon 43,000 BTC per month.

The maturation successful treasuries highlights “the dependable enlargement of firm balance-sheet vulnerability to Bitcoin,” stated Glassnode.

Bitcoin miners, which nutrient connected mean 450 BTC per day, mined astir 82,000 coins implicit the aforesaid period, which could bespeak a favorable supply-demand dynamic astatine play.

Strategy has 60% of the full BTC balance

The lion’s stock of the 1.2 cardinal BTC held successful nationalist and backstage institution treasury balances is held by Michael Saylor’s Strategy.

Strategy presently holds 687,410 BTC, oregon 60% of the total, worthy astir $65.5 cardinal astatine existent marketplace prices.

The steadfast resumed its purchases this period aft a little hiatus, revealing that it acquired an further 13,627 BTC betwixt January 5 and 11 successful its largest acquisition since July.

The second-largest firm Bitcoin DAT is MARA Holdings with 53,250 BTC worthy astir $5 billion, according to Bitcoin Treasuries.

Bitcoin ETFs could adhd to demand

Spot Bitcoin exchange-traded funds could adhd to this supply-and-demand dynamic if the inflow inclination continues this year. “Bitcoin’s terms volition spell parabolic if ETF request persists long-term,” said Bitwise main concern serviceman Matt Hougan connected Tuesday.

“Since ETFs debuted successful Jan 2024, they’ve been buying much than 100% of the caller proviso of bitcoin. But the terms hasn't gone parabolic, due to the fact that existing holders person been consenting to sell. If ETF request persists - and I deliberation it volition - eventually, these sellers volition tally retired of ammo.”

Spot BTC ETFs successful the US saw nett inflows of astir $22 cardinal successful 2025, with BlackRock’s iShares Bitcoin Trust (IBIT) taking the lion’s share.

However, they person had a mixed commencement to 2026 with existent information showing $1.9 cardinal inflows and $1.38 cardinal outflows, resulting successful a nett aggregate inflow of conscionable implicit $500 million.

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