Corporate demand for Bitcoin (BTC) is increasing at speeds that are exceeding the rate at which new supply is introduced to the market. This reinforces the notion that institutional interest has become a major driver of prices, despite the volatility seen towards the end of last year discouraging retail traders.
Digital asset treasuries (DATs) have added a net 260,000 BTC worth $24.71 billion to their balance sheets over the past six months, far outpacing the estimated 82,000 coins mined during the same period, according to Glassnode data.
Over the past 6 months, Bitcoin treasuries held by public and private companies have grown from ~854K BTC to ~1.11M BTC.
— glassnode (@glassnode) January 13, 2026
That’s an increase of ~260K BTC, or roughly ~43K BTC per month, highlighting the steady expansion of corporate balance-sheet exposure to Bitcoin.… https://t.co/hHXjcSDDj4 pic.twitter.com/oluVGO2bGD
DATs Bought 260,000 BTC Since July 2025, While 82,000 New Coins Were Mined
The report released on Tuesday showed that since July 2025, both publicly listed and private DATs increased their holdings from approximately 854,000 BTC ($81.17 billion) to 1.11 million BTC ($105.5 billion). This represents an expansion of around 260,000 BTC, worth roughly $25 billion at current rates, or 43,000 BTC ($4.08 billion) per month.
Glassnode analysts stated that the growth in purchases highlights the steady expansion of corporate balance sheet exposure to the apex cryptocurrency.
Since the April 2024 halving, miners produce an average of 450 BTC per day. Taking that number into account, around 82,000 coins were mined in the time between July 2025 and January 2026. This could indicate that a supply-demand dynamic is at play in the market.
Out of the 1.1 million BTC held by corporate treasuries, a lion’s share is being held by Michael Saylor’s software intelligence and Bitcoin treasury firm Strategy. The company currently has 687,410, representing 60% of the total, in its reserves – a lot worth around $65.5 billion. Strategy resumed purchases this month after a brief hiatus during the market slump. Its latest acquisition came between January 5 and 11, when it added 13,627 BTC, valued at $1.29 billion, marking its largest buy in six months.
Strategy has acquired 13,627 BTC for ~$1.25 billion at ~$91,519 per bitcoin. As of 1/11/2026, we hodl 687,410 $BTC acquired for ~$51.80 billion at ~$75,353 per bitcoin. $MSTR $STRC https://t.co/5UttS1LCy2
— Michael Saylor (@saylor) January 12, 2026
Bitcoin miner MARA Holdings is the second-largest Bitcoin treasury firm, with 53,250 BTC, valued at $5 billion on its balance sheet.
Bitwise CIO Says Bitcoin Price Would Go “Parabolic” If ETF Demand Persists in the Long Term
Another group that could add to this supply-and-demand dynamic are spot Bitcoin exchange-traded funds (ETFs). Bitwise chief investment officer Matt House said on Tuesday that the BTC price could go “parabolic” if ETF inflows and demand persist in the long run. He also noted that since their debut in January 2024, the funds have been buying more than 100% of the fresh bitcoin supply. However, this hasn’t reflected in the price, because existing holders are willing to sell.
Hougan said
“If ETF demand persists – and I think it will – eventually, these sellers will run out of ammo,”
In 2025, U.S.-listed spot Bitcoin ETFs registered almost $22 billion in net inflows, with BlackRock’s iShares Bitcoin Trust (IBIT) attracting the majority of retail and institutional capital seeking regulated exposure to BTC’s price performance. However, the products have had a mixed start to the new year, as the latest data shows a net inflow of $1.9 billion and nearly $1.40 billion in outflows, resulting in a net aggregate inflow of just over $500 million.
At the time of writing, Bitcoin (BTC) is trading at $94,943 – up 2.95% in 24 hours.
