Bitcoin is expected to gain momentum again toward the end of the year, driven by rising corporate and institutional interest, according to Michael Saylor, Strategy Executive Chairman.
Speaking on CNBC’s Closing Bell Overtime on Tuesday, Saylor noted that corporate adoption of Bitcoin, combined with steady purchases by large exchange-traded fund (ETF) funds on behalf of institutional investors, is absorbing nearly all of the available supply.
“Companies that are embracing Bitcoin are buying even more than what miners are producing,” Saylor explained, “which is putting upward pressure on the price.”
On average, miners generate about 900 Bitcoin per day, according to Bitbo. However, a report from financial services firm River, released earlier this month, found that businesses are purchasing 1,755 Bitcoin per day in 2025, while ETFs are acquiring an additional 1,430 per day on average.
Buy pressure expected to lift Bitcoin price
Over the past 24 hours, Bitcoin has been trading between $111,369 and $113,301, with its seven-day range spanning $111,658 to $117,851, according to CoinGecko. On Monday, traders faced nearly $2 billion in liquidations during one of the year’s largest market sell-offs, which analysts attributed to technical factors rather than weakening fundamentals.
“I think that as we work through the resistance of late and some macro headwinds, we’ll actually see Bitcoin start to move up smartly again toward the end of the year,” Saylor said.
Corporate Bitcoin purchases strengthen public companies
Saylor explained that companies buying Bitcoin fall into two main categories. The first includes operating companies that might otherwise return capital to shareholders via dividends and buybacks but instead use Bitcoin as a treasury reserve asset.
Bitbo tracks at least 145 companies that have added Bitcoin to their balance sheets, including Strategy, which holds 638,985 BTC.
“That actually improves their capital structure. It strengthens those companies. There’s a lot of those,” Saylor noted.
“True” treasury companies are leveraging Bitcoin
The second category consists of “true treasury companies” that are actively capitalizing on Bitcoin.
“The world ran on gold-backed credit for 300 years. The world’s going to run on digital gold-backed credit for the next 300 years. So treasury companies are holding digital capital and creating digital credit instruments,” Saylor said.
“And there’s of course, a huge demand for equity and credit instruments and traditional capital markets, Bitcoin is emerging as the ideal form of digital capital to back those instruments.”
