Bitcoin’s Institutional Surge: Corporate Demand Outpaces New Supply by 3:1
A significant shift is underway in the Bitcoin market, with corporate entities now accumulating the digital asset at a pace that dramatically outstrips newly minted supply. Recent on-chain data reveals an intensifying appetite among public and private firms, signaling a robust institutional conviction in Bitcoin as a treasury asset.
Corporate Treasuries Swell to Over 1 Million BTC
Over the past six months, corporate treasuries holding Bitcoin have expanded substantially. According to analytics provided by Glassnode, the collective holdings of public and private companies surged from approximately 854,000 BTC to an impressive 1.11 million BTC.
- This represents an increase of around 260,000 BTC within a half-year period.
- On average, this translates to an acquisition rate of roughly 43,000 BTC per month.
- This influx has added close to $25 billion in value to corporate balance sheets, underscoring the growing trend of integrating Bitcoin into traditional financial strategies.
Over the past 6 months, Bitcoin treasuries held by public and private companies have grown from ~854K BTC to ~1.11M BTC. That’s an increase of ~260K BTC, or roughly ~43K BTC per month, highlighting the steady expansion of corporate balance-sheet exposure to Bitcoin.… https://t.co/hHXjcSDDj4
— glassnode (@glassnode) January 13, 2026
Key Players Driving the Accumulation
While the trend is broad, a handful of prominent firms significantly influence the corporate Bitcoin landscape. One entity, referred to as “Strategy” in the analysis, stands out as the largest single corporate holder.
- “Strategy” now commands 687,410 BTC of the total corporate holdings.
- Their most recent major acquisition saw them purchase 13,627 BTC between January 5 and January 11, marking their largest single buy since last July.
This concentration highlights that while corporate interest is expanding, a few large-scale buyers continue to shape the overall treasury picture. Beyond these dominant players, other significant corporate holders contribute to the growing reserves.
MARA Holdings, for instance, holds approximately 53,250 BTC. This demonstrates that even Bitcoin mining firms are increasingly opting to retain a substantial portion of the coins they generate, rather than immediately selling them into the market.
A Supply Crunch: Corporate Buying vs. Miner Production
The implications of this corporate acquisition spree become particularly clear when contrasted with the rate of new Bitcoin production. Over the same six-month period, it’s estimated that Bitcoin miners generated approximately 82,000 BTC.
This critical data point reveals a profound supply-demand imbalance:
- Corporate buying (260,000 BTC) has outpaced mining issuance (82,000 BTC) by a factor of roughly three to one.
In essence, significantly more Bitcoin is being absorbed into corporate balance sheets than is being created by the network. This dynamic, if sustained, inevitably leads to a tightening of available supply, especially as these firms tend to be long-term holders rather than active sellers.
ETF Demand Amplifies Supply Constraints
The emergence and rapid growth of spot Bitcoin Exchange-Traded Funds (ETFs) in the US further intensify this supply absorption. In 2025 alone, these ETFs attracted over $20 billion in inflows, with several funds capturing a substantial share of this capital.
Analysts suggest that consistent ETF buying acts as a powerful mechanism to soak up fresh supply, potentially removing a
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