TLDR
- Michael Saylor predicts Bitcoin will “move up smartly again” toward the end of 2025 as institutional demand outpaces mining supply
- Corporate buyers and ETFs are purchasing more Bitcoin daily than miners produce, with businesses buying 1,755 BTC per day and ETFs acquiring 1,430 BTC daily
- MicroStrategy holds 638,985 Bitcoin worth over $70 billion, representing nearly 3% of total supply
- US spot Bitcoin ETFs now control 1.32 million Bitcoin, accounting for over 6% of circulating supply
- Bitcoin has been trading between $111,000-$118,000 recently after a $2 billion liquidation event on Monday
MicroStrategy executive chairman Michael Saylor expects Bitcoin to rally toward the end of 2025. He cites growing institutional demand that exceeds daily mining production as the key driver.
Speaking on CNBC’s Closing Bell Overtime Tuesday, Saylor explained that corporate adoption and ETF purchases are absorbing all natural Bitcoin supply. This creates upward pressure on the cryptocurrency’s price.
Bitcoin miners generate approximately 900 coins daily according to Bitbo data. However, businesses are purchasing 1,755 Bitcoin per day in 2025 while ETFs buy an additional 1,430 daily on average.
“Companies that are capitalizing on Bitcoin are buying even more than the natural supply being created by the miners,” Saylor said. This demand imbalance puts “upward pressure on the price.”
Bitcoin has traded between $111,369 and $113,301 over the past 24 hours. The seven-day range spans $111,658 to $117,851 according to CoinGecko data.
Traders faced nearly $2 billion in liquidations during Monday’s market selloff. Analysts attributed this to technical factors rather than weakening fundamentals.
“I think that as we work through the resistance of late and some macro headwinds, we’ll actually see Bitcoin start to move up smartly again toward the end of the year,” Saylor added.
Corporate Treasury Strategy
Saylor categorizes Bitcoin-buying companies into two groups. The first includes operating companies using Bitcoin as a treasury reserve instead of traditional dividends and buybacks.
At least 145 companies have added Bitcoin to their balance sheets according to Bitbo tracking. MicroStrategy leads with 638,985 Bitcoin worth over $70 billion at current prices.
Digital Gold Infrastructure
The second category consists of “true treasury companies” that capitalize on Bitcoin. Saylor compared this to the historical gold-backed credit system that operated for 300 years.
“The world’s going to run on digital gold-backed credit for the next 300 years,” he said. These treasury companies hold digital capital and create credit instruments backed by Bitcoin.
US spot Bitcoin ETFs now control approximately 1.32 million Bitcoin. This represents over 6 percent of the total circulating supply.
Weekly ETF inflows regularly exceed 20,000 Bitcoin according to Dune Analytics data. In the past month, ETFs absorbed nearly nine times more Bitcoin than miners produced.
MicroStrategy has accumulated its Bitcoin position since 2020 at an average cost of $73,900 per token. The holdings represent nearly 3 percent of Bitcoin’s total supply.
