Non-public companies and public firms are buying bitcoin at a tempo that far outpaces new provide, based on a current report from bitcoin monetary companies agency River.
Fast absorption by companies and funds
River’s information reveals that in 2025, companies—together with each public bitcoin treasury firms and personal companies—bought a median of 1,755 BTC per day.
Change-traded funds (ETFs) and different institutional funding automobiles added one other 1,430 BTC every day, whereas governments acquired roughly 39 BTC per day.
This brings the mixed institutional and authorities demand to over 3,200 BTC per day, in comparison with the roughly 450 new BTC miners produce every day after the newest block subsidy halving.
Change reserves at multi-year lows
As establishments and funds maintain on to their bitcoin, the entire quantity of BTC out there on exchanges continues to shrink.
Latest information reveals that trade reserves are actually at multi-year low, sadding to issues of a looming provide shock ought to present accumulation developments persist.
Technique leads company accumulation
Public firms now maintain about 1.3 million BTC, with Michael Saylor’s Technique main the pack at 632,457 BTC, based on River.
In Q2 2025 alone, bitcoin treasury firms acquired 159,107 BTC.
Adam Livingston, creator of “The Bitcoin Age and The Nice Harvest,” has beforehand argued that MicroStrategy’s speedy acquisition is successfully “synthetically halving” bitcoin’s provide.
Regardless of this aggressive shopping for, MicroStrategy’s company treasury officer, Shirish Jajodia, emphasised that their exercise doesn’t impression short-term costs:
“Bitcoin’s buying and selling quantity is over $50 billion in any 24 hours — that’s enormous quantity. So, if you’re shopping for $1 billion over a few days, it’s not really shifting the market that a lot.”
Potential for provide shock
With companies, ETFs, and governments absorbing way more bitcoin than miners produce, analysts proceed to warn of a possible provide shock—a situation that would function a bullish catalyst for bitcoin’s value if trade reserves stay depleted.