TLDR
- Institutional investors purchase 3,224 BTC daily while miners only produce 450 BTC, creating a 4:1 demand ratio
- MicroStrategy leads with 632,457 BTC holdings as corporate treasuries accumulate 1,755 BTC per day
- Bitcoin ETFs add 1,430 BTC daily to institutional portfolios, removing coins from circulation
- Exchange reserves drop to multi-year lows as institutions move Bitcoin to long-term storage
- Q2 2025 saw treasury companies acquire 159,107 BTC, bringing total business holdings to 1.3 million BTC
Bitcoin faces a growing supply shortage as institutional demand vastly outpaces new coin production. Data from River Financial shows businesses and investment funds are absorbing Bitcoin at four times the mining rate.
Corporate buyers purchased 1,755 BTC daily on average in 2025, according to River’s analysis. Bitcoin ETFs added another 1,430 BTC per day to institutional holdings. Government purchases contributed 39 BTC daily.
This creates total institutional demand of 3,224 BTC daily against mining production of just 450 BTC. The massive imbalance removes nearly 2,800 Bitcoin from available supply each day.
Bitcoin exchange reserves have fallen to multi-year lows as tracked by CryptoQuant. These reserves represent immediately tradeable Bitcoin held on exchanges.
MicroStrategy Dominates Corporate Holdings
MicroStrategy leads corporate Bitcoin accumulation with 632,457 BTC in treasury reserves. The company represents the world’s largest known Bitcoin holder according to BitcoinTreasuries tracking.
Bitcoin treasury companies acquired 159,107 BTC during Q2 2025 alone. Total business holdings now reach approximately 1.3 million BTC across all corporate treasuries.
MicroStrategy’s treasury officer Shirish Jajodia explained the company uses over-the-counter transactions to avoid market disruption. These OTC purchases occur off exchanges without affecting spot prices.
“Bitcoin’s trading volume exceeds $50 billion daily,” Jajodia noted. He explained that billion-dollar purchases spread over days don’t substantially impact markets given high trading volumes.
Supply Metrics Signal Structural Shift
Exchange-held Bitcoin continues declining since early 2024 as institutions move coins to cold storage. This trend removes liquidity from active trading markets.
Bitcoin ETFs now hold over 1.3 million BTC according to industry data. These holdings represent Bitcoin removed from exchange circulation for long-term investment purposes.
The Network Value to Transaction ratio dropped 23% to 23.7, indicating healthy network activity relative to market capitalization. This metric measures network utility compared to price levels.
Current mining production remains steady at roughly 450 BTC daily following Bitcoin’s latest halving event. Mining rewards decrease over time through programmed supply reductions.
Analysts monitor exchange reserves as key indicators of available trading supply. Continued institutional accumulation could create additional supply pressure if demand patterns persist.
The supply dynamics create potential volatility as fewer Bitcoin remain available for trading. Corporate treasuries and ETFs continue removing coins from circulation through long-term holding strategies.
