Corporations have significantly increased their Bitcoin purchases in 2023, while the role of miners is decreasing.
Rapidly Growing Institutional Demand
Corporations have acquired a staggering 638,617 BTC this year, representing a remarkable fivefold increase compared to the previous year. For comparison, in 2024, corporations added 120,290 coins. Corporate treasuries have become a significant market force, supplanting miners. At the same time, exchange-traded funds offered by major players like Fidelity and BlackRock bought 300,066 BTC in 2024 and 381,037 BTC in 2025.
Diminishing Role of Miners
Corporate demand significantly exceeds new Bitcoin supply, which currently stands at 166,000 coins. According to VanEck, only 330,000 Bitcoins will be mined during the next halving cycle, which will take place from 2028 to 2032.
Future of Bitcoin Demand
Current forecasts indicate that it will take more than a century to mine an additional 330,000 Bitcoins, highlighting the limitations of future supply and the growing interest in the cryptocurrency from institutions.
Thus, trends in institutional demand for Bitcoin signal significant changes in the cryptocurrency market, where corporate treasuries are becoming increasingly influential.
