NewsBTC
Jan 14, 2026
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Corporate Bitcoin Purchases Surpass Mining Output by Threefold

On-chain data reveals a significant increase in Bitcoin holdings by companies, surpassing new supply. Corporate treasuries have grown from approximately 854,000 BTC to around 1.11 million BTC over six months, adding nearly $25 billion to balance sheets.

Corporate Treasuries Expansion

  • Strategy holds the largest share with 687,410 BTC after acquiring 13,627 BTC in early January.
  • MARA Holdings follows with about 53,250 BTC, indicating miners are retaining some of their mined coins.

Impact of ETFs

  • Spot Bitcoin ETFs in the US attracted over $20 billion in 2025, potentially reducing available market supply.
  • Consistent ETF buying could further tighten the supply of Bitcoin.

Miners vs. Corporate Purchases

  • In the past six months, miners produced around 82,000 BTC, while corporate purchases reached 260,000 BTC.
  • This trend suggests more Bitcoin is being held on company balance sheets than mined.

Market Dynamics

  • Bitcoin trades near $92,000 amid US inflation concerns and geopolitical factors.
  • The $90,000 level is considered a psychological benchmark for traders.
  • Future price moves will depend on ETF flows and existing holder actions.