Businesses and ETFs Rapidly Accumulate Bitcoin, Outpacing Miners
- Private businesses and public companies purchased an average of 1,755 BTC per day in 2025.
- Exchange-traded funds (ETFs) bought an additional 1,430 BTC daily on average.
- Bitcoin miners produced approximately 450 BTC per day, indicating a significant supply imbalance.
- Bitcoin treasury companies acquired 159,107 BTC in Q2 of 2025, raising total business holdings to about 1.3 million BTC.
- The largest known holder is Michael Saylor’s Strategy, with a reserve of 632,457 BTC.
- Current Bitcoin exchange reserves are at multi-year lows as institutions continue to hold their assets.
The rapid accumulation of Bitcoin by businesses and ETFs highlights a growing demand that significantly exceeds the production rate by miners, which could lead to a supply shock if trends continue. This situation is further exacerbated by dwindling exchange reserves.
With businesses absorbing Bitcoin nearly four times faster than it is mined, the market dynamics are shifting significantly as evidenced by the daily purchase figures of over 3,000 BTC. (Source)
