Corporate Bitcoin Accumulation Soars, Tripling Miner Production
Corporate Bitcoin Accumulation Soars, Tripling Miner Production
Companies have significantly increased their Bitcoin holdings, accumulating approximately 260,000 BTC over the past six months, which is three times the amount produced by miners. This surge, highlighted by firms like Strategy holding 687,410 BTC and MARA Holdings with 53,250 BTC, underscores a strong and growing corporate appetite for the cryptocurrency. Coupled with substantial inflows into Spot Bitcoin ETFs, this trend is creating a supply squeeze, impacting Bitcoin's market dynamics near the $92,000 mark amidst stable safe-haven interest.
Bitcoin's New Power Buyers: Corporate Accumulation Outstrips Miner Supply
On-chain data reveals a significant shift in Bitcoin's supply dynamics, with public and private companies dramatically increasing their holdings. Over the past six months, corporate treasuries saw their Bitcoin reserves grow from approximately 854,000 BTC to 1.11 million BTC, an increase of roughly 260,000 BTC. This equates to an average acquisition of 43,000 BTC per month, adding nearly $25 billion in value to corporate balance sheets, as disclosed by Glassnode.
This accumulation rate now profoundly outstrips new supply. While companies bought around 260,000 BTC, miners are estimated to have produced only about 82,000 BTC during the same period, meaning corporate buying has outpaced mining issuance by a factor of three to one. This indicates that more Bitcoin is being added to company balance sheets than is coming into circulation, leading to a tightening of available supply if firms continue their holding strategy.
Key Corporate Holders and ETF Impact
A single firm, Strategy, dominates this corporate pile, holding a substantial 687,410 BTC after a recent acquisition of 13,627 BTC. Other significant corporate holders include MARA Holdings, which holds about 53,250 BTC, showcasing that even mining firms are choosing to retain a portion of their mined coins. The growing demand from Spot Bitcoin ETFs in the US, which attracted over $20 billion in flows in 2025, further contributes to the supply squeeze. Analysts suggest that consistent ETF buying could remove available coins from the market for extended periods, intensifying the impact of corporate accumulation.
Market Performance and Outlook
Bitcoin has recently traded in a narrow range near $92,000, with the $90,000 level acting as a psychological marker for traders. The cryptocurrency has maintained firm safe-haven interest amid geopolitical uncertainties and central bank policy discussions, keeping prices supported. Short-term market movements are expected to be influenced by ongoing ETF flows and the selling behavior of existing holders.