Public companies mentioned have purchased around 157,957 Bitcoin (BTC) from 1 May, accounting for 96% of the 164,250 BTC that would be mined throughout the year.
Bitcoin Treasuries Data shows that private companies have added another 16,799 BTC to their participations in the same period, while the Bitcoin exchange fund (ETF) acquired emitents 34,968 BTC.
Combined, these three groups bought 192,925 BTC during the first four months of the year. This total exceeds the annual expected range of newly mined Bitcoin by 17%, suggesting that the continuous demand pressure of business and institutional entities.
Strategy continues to lead under public entities and this year is acquiring 107,155 BTC this year. That alone represents almost two -thirds of the offer of the public company and more than 65% of the new stock.
The company purchases continue to shape the story of the business Bitcoin accumulation, although the broader trend now includes a series of mining companies, financial companies and treasury reserve managers.
Institutional question surpasses the issue again
The current accumulation follows an even more aggressive purchasing cycle in 2024, when listed companies acquired 331,141 BTC. Strategy was responsible for 257,250 BTC of the total.
Private companies reduced their exposure last year and sold 3,204 BTC, while ETF -Emitents collected 518,018 BTC. Together these three categories acquired 845,955 BTC in 2024.
For context, approximately 217,518.75 BTC were mined during 2024, which means Business and institutional demand was almost 4x higher than the mined supply
The addition of balance -related property is increasingly measurable. Purchases made publicly only now represent a useful part of the circulating offer, which reduces the availability of liquid BTC in secondary markets.
Growing impact of the absorption percentages
Although ETF activity has been moderated compared to the previous year, the impact of persistent inflow material remains.
ETF-EMENDENTEN were well acquired for more than 500,000 BTC in 2024, but have added less than 35,000 BTC so far in 2025. The delay can be a reflection of the stabilizing secondary market demand or the duration of the initial intake cycle after the approval.
Despite the delay, ETFs and business treasury remain the dominant absorbers of newly mined coins. Moreover, the total amount of Bitcoin, which has been purchased this year so far, means that institutional accumulation absorbs the complete new stock and drawing existing reserves.
The shift in the BTC ownership structure is underway, whereby increasing shares in the supply are locked in long-term possession by entities with multi-year horizon and a lower turnover of liquidity.
