Corporate buy-up of Bitcoin has outpaced new supply, tightening available coins and reshaping market dynamics, on-chain analytics firm Glassnode revealed Tuesday. Key takeaways - Corporate treasuries held by public and private firms jumped from about 854,000 BTC to roughly 1.11 million BTC over the past six months — an increase of ~260,000 BTC, or roughly 43,000 BTC per month. At current prices that adds close to $25 billion to corporate balance sheets. - One company dominates the stack. “Strategy” now controls the largest corporate share with 687,410 BTC after a recent purchase; it disclosed buying 13,627 BTC between January 5 and January 11, its biggest acquisition since last July. That concentration underscores how a small number of large buyers can move the corporate-treasury needle. - Smaller but meaningful holders include MARA Holdings, which holds about 53,250 BTC, illustrating that miners and mining firms are increasingly retaining a portion of the coins they produce. Why this matters - Over the same six-month period miners are estimated to have minted roughly 82,000 BTC. Corporate accumulation has therefore outpaced mining issuance by roughly three-to-one. In plain terms: more Bitcoin is being diverted onto company balance sheets than is being added to supply via mining, which can tighten available market inventory if those firms continue to hold rather than sell. - Spot Bitcoin ETFs in the U.S. are amplifying the effect. U.S. spot ETFs drew more than $20 billion of inflows in 2025, with a few funds capturing the lion’s share. Persistent ETF demand can soak up fresh supply and lock coins away for long stretches, amplifying scarcity for other buyers. Market backdrop - Bitcoin has been trading in a narrow band near $92,000 as traders await key U.S. inflation data. The $90,000 level is viewed as an important psychological support. Geopolitical uncertainty and questions around central bank policy have sustained safe-haven interest, keeping prices supported yet range-bound. - Near-term price moves will likely hinge on continued ETF flows and whether existing holders — including corporate treasuries and miners — choose to sell into that demand. Bottom line: corporate treasuries are becoming a material factor in Bitcoin’s supply picture. With a handful of big buyers and strong ETF demand soaking up new coins, the market’s available inventory is tighter than mining production alone would suggest — a dynamic that could matter increasingly for price action going forward. Read more AI-generated news on: undefined/news

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