Corporate Bitcoin Treasuries Add 260,000 BTC in Six Months, Outpacing New Supply

Key Takeaways

• •
  Corporate Bitcoin treasuries added 260,000 BTC in six months, significantly exceeding new supply.
• •
  These corporate holdings represent approximately 60% of all corporate Bitcoin, indicating their market influence.
• •
  Continued ETF inflows could further restrict supply and support long-term price appreciation for Bitcoin.

Corporate digital asset treasuries are accumulating Bitcoin at a pace that is significantly outstripping new supply, reinforcing the asset’s tightening supply dynamics.

Public and private companies added a net 260,000 BTC to their balance sheets over the past six months, according to on-chain data shared by Glassnode on Tuesday. Over the same period, Bitcoin miners produced an estimated 82,000 BTC, highlighting a widening gap between demand and issuance.

Total corporate Bitcoin holdings rose from roughly 854,000 BTC to about 1.11 million BTC, representing nearly $25 billion in value at current prices. This translates to an average monthly accumulation of around 43,000 BTC.

Glassnode stated that this trend underscores a “steady expansion of corporate balance-sheet exposure to Bitcoin,” as firms increasingly view the asset as a long-term strategic holding.

Strategy Dominates Corporate Bitcoin Holdings

Michael Saylor’s Strategy continues to dominate the corporate Bitcoin landscape, accounting for roughly 60% of all BTC held by company treasuries.

The firm currently holds 687,410 BTC, valued at approximately $65.5 billion. After a brief pause, Strategy resumed its aggressive buying this month, acquiring 13,627 BTC between January 5 and 11, its largest purchase since July.

MARA Holdings ranks as the second-largest corporate Bitcoin holder, with 53,250 BTC valued at nearly $5 billion, according to data from Bitcoin Treasuries.

ETF Flows Could Tighten Supply Further

Spot Bitcoin exchange-traded funds may add another layer of demand if inflows continue in 2026.

Bitwise Chief Investment Officer Matt Hougan said persistent ETF demand could eventually push Bitcoin prices sharply higher. Since launching in January 2024, ETFs have absorbed more than 100% of newly mined Bitcoin, though selling by existing holders has so far capped price acceleration.

In the US, spot Bitcoin ETFs recorded nearly $22 billion in net inflows in 2025, led by BlackRock’s iShares Bitcoin Trust (IBIT). The start of 2026 has been more volatile, with approximately $1.9 billion in inflows and $1.38 billion in outflows, leaving net inflows just above $500 million so far.