Corporate Bitcoin Holdings Outpace Mining Supply By 3x
Summary
Corporate digital asset treasuries (DATs) have been accumulating Bitcoin at a rate three times faster than mining production. Over the past six months, these treasuries increased their holdings by a net 260,000 BTC, reaching a total of 1.11 million BTC, representing approximately $25 billion. This growth, averaging 43,000 BTC per month, demonstrates increasing corporate exposure to Bitcoin. In comparison, Bitcoin miners produced around 82,000 coins during the same timeframe. Michael Saylor’s Strategy holds the majority of these corporate holdings, with 687,410 BTC (60% of the total), and recently added 13,627 BTC. The potential approval and continued demand from spot Bitcoin ETFs could further exacerbate this supply-demand imbalance, potentially driving up the price, according to industry analysts like Matt Hougan of Bitwise.
(Source:Cointelegraph)