On-chain data shows that companies are now buying Bitcoin faster than new coins are being created. Over the past six months, corporate treasuries at public and private firms have grown from about 854,000 BTC to roughly 1.11 million BTC—an increase of around 260,000 BTC, or about 43,000 BTC per month. According to analytics firm Glassnode, this adds nearly $25 billion in value to corporate balance sheets and signals a growing corporate appetite for holding Bitcoin.
A single company, Strategy, dominates these holdings. It now controls the largest share of corporate Bitcoin, with 687,410 BTC after a major purchase earlier this month. Between January 5 and January 11, the company bought 13,627 BTC, its largest acquisition since last July. This concentration shows that a few large buyers still heavily influence the corporate treasury landscape.
Smaller but still significant holders are also on the list. For example, MARA Holdings owns about 53,250 BTC, making it one of the largest corporate holders after Strategy and highlighting that some mining companies are choosing to retain a portion of the Bitcoin they produce.
Exchange-traded funds (ETFs) are also playing a role. U.S. spot Bitcoin ETFs attracted over $20 billion in inflows during 2025, with a few funds capturing the largest share. Analysts note that consistent ETF buying can absorb new supply and potentially lock up coins for extended periods, a dynamic that may make corporate accumulation more impactful now than in previous market cycles.
Notably, over the same six-month period, miners are estimated to have produced only about 82,000 BTC. This means corporate buying has exceeded mining output by roughly three to one. In simple terms, companies are adding more Bitcoin to their balance sheets than is being mined, which could tighten available supply if these buyers continue to hold rather than sell.
Bitcoin has recently been trading in a narrow range near $92,000 as traders await key U.S. inflation data, with the $90,000 level serving as a psychological benchmark. Safe-haven demand has remained steady amid geopolitical uncertainty and questions about central bank policy, supporting prices but keeping them range-bound. Short-term price moves will likely depend on ETF flows and whether current holders decide to sell into the ongoing demand.
Frequently Asked Questions
FAQs Bitcoins New Major Buyers
Beginner Questions
1 What does it mean that companies bought three times what miners produced
It means that in a specific period publicly traded companies and large institutions purchased roughly three times more Bitcoin from the market than was newly created and sold by miners This creates massive buying pressure
2 Who are these new major buyers
They are primarily publicly listed companies ETFs and other large institutional investors adding Bitcoin to their balance sheets or investment funds
3 Why is this a big deal
Its a huge shift For years Bitcoins price was driven mainly by individual investors Now large companies with deep pockets are treating it as a serious reserve asset which can significantly reduce available supply and increase demand
4 Whats a Bitcoin miner and what do they produce
Miners are individuals or companies that use powerful computers to secure the Bitcoin network and validate transactions As a reward they earn newly minted Bitcointhis is the only way new Bitcoin enters circulation The amount produced is predictable and decreases over time
5 Is this good for Bitcoins price
Generally yes Basic economics suggests that if demand vastly outpaces the new supply the price of the existing Bitcoin should increase all else being equal
Intermediate Advanced Questions
6 Doesnt this make Bitcoin more centralized
Its a valid concern While the Bitcoin network itself remains decentralized ownership is becoming more concentrated in the hands of a few large entities This could in theory give them more influence over the market
7 What happens when these companies stop buying
The buying pressure could lessen potentially leading to price volatility or a downturn if demand from other sources doesnt pick up the slack Their longterm commitment is key
8 Are miners selling all the Bitcoin they produce
Not necessarily Miners often sell a portion to cover operational costs However some also HODL a part of their rewards betting on future price appreciation The three times figure refers to the new supply that enters the market