Private enterprises and public corporations are absorbing Bitcoin (BTC) at a rate nearly four times greater than what miners are generating, as reported by Bitcoin financial services provider River.
These entities encompassed publicly traded Bitcoin treasury firms and traditional or private businesses, which together averaged a purchase of 1,755 BTC daily in 2025, according to River.
Exchange-traded funds (ETFs) and other investment mechanisms added another 1,430 BTC daily on average in 2025, while governmental bodies acquired approximately 39 BTC per day, according to River’s data.
Bitcoin miners generate roughly 450 new BTC each day, potentially leading to a supply shock if exchange reserves continue to decline and institutions continue to hold onto their coins.
Analysts speculate on the chances and expected effects of such a supply shock, with some forecasting it as a bullish driver for Bitcoin’s price.
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Bitcoin treasury firms creating significant demand for BTC
Bitcoin treasury firms acquired 159,107 BTC in Q2 2025, elevating the total Bitcoin held by businesses to around 1.3 million BTC, as per River.
The leading firm in these holdings is Michael Saylor’s Strategy, recognized as the largest Bitcoin holder globally, with an astounding 632,457 BTC in its corporate reserve, according to BitcoinTreasuries.
Adam Livingston, author of “The Bitcoin Age and The Great Harvest,” previously stated that Strategy is effectively “synthetically” halving Bitcoin through its accelerated accumulation.
Despite the rapid BTC purchases by Strategy, the company’s corporate treasury officer, Shirish Jajodia, claims that these actions do not affect short-term Bitcoin prices.
Jajodia explained that the company spreads its purchases over-the-counter (OTC) through transactions that don’t impact exchanges or drive market prices.
“Bitcoin’s trading volume exceeds $50 billion in 24 hours — that’s substantial. So, purchasing $1 billion over a few days doesn’t significantly alter the market,” he also mentioned.
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