Bitcoin’s New Power Buyers: Companies Bought 3 Times What Miners Produced
Based on on-chain information, firms have piled into Bitcoin at a tempo that now outstrips new provide. Company treasuries held by private and non-private companies rose from about 854,000 BTC to roughly 1.11 million BTC over the previous six months, a rise of round 260,000 BTC — roughly 43,000 BTC per thirty days.
This provides near $25 billion in worth to company steadiness sheets and factors to a rising urge for food amongst companies for holding the coin, on-chain analytics supplier Glassnode disclosed, Tuesday.
Company Treasuries Swell
A single agency dominates that pile. Strategy now controls the most important share of company Bitcoin, holding 687,410 BTC after a recent purchase earlier this month. The corporate disclosed it acquired 13,627 BTC between January 5 and January 11, its greatest buy since final July. Reviews have highlighted how this focus means a number of huge consumers nonetheless form the company treasury image.
Over the previous 6 months, Bitcoin treasuries held by private and non-private firms have grown from ~854K BTC to ~1.11M BTC.
That’s a rise of ~260K BTC, or roughly ~43K BTC per thirty days, highlighting the regular enlargement of company balance-sheet publicity to Bitcoin.… https://t.co/hHXjcSDDj4 pic.twitter.com/oluVGO2bGD— glassnode (@glassnode) January 13, 2026
Smaller, however nonetheless vital company holders are seen on the record. MARA Holdings, for instance, holds about 53,250 BTC. That makes it one of many largest company holders after Technique, and reveals that miners and mining companies are additionally selecting to maintain a piece of the coin they create.
ETF Demand May Tighten Provide
Alternate-traded funds are a part of the story. Spot Bitcoin ETFs within the US pulled in additional than $20 billion in flows throughout 2025, with some funds taking the most important share of these inflows. Analysts say ETF shopping for can take in recent provide and, if constant, may take away out there cash from the marketplace for lengthy durations. That dynamic has been flagged as one motive company accumulation might matter extra now than in previous cycles.
Miners Are Producing Much less Than Corporates Are Shopping for
Over the identical six months, miners are estimated to have created about 82,000 BTC. Meaning company shopping for has outpaced mining issuance by roughly three to 1. In plain phrases: extra Bitcoin is being added to firm steadiness sheets than is popping out of the bottom, which tightens out there provide if consumers proceed to carry fairly than promote.
Worth Motion And Macro Watch
Bitcoin has been buying and selling in a slender vary close to $92,000 forward of key US inflation figures, with the $90,000 degree seen as a psychological marker for merchants. Protected-haven curiosity has stayed agency amid geopolitical noise and questions on central financial institution coverage, leaving costs supported however range-bound. Quick-term strikes will doubtless replicate each ETF flows and whether or not current holders preserve promoting into demand.
Featured picture from Unsplash, chart from TradingView
