Corporate digital asset treasuries (DATs) have accumulated a net 260,000 Bitcoin over the past six months, significantly exceeding the roughly 82,000 BTC mined during the same timeframe.
According to on-chain analytics firm Glassnode, Bitcoin holdings across public and private company treasuries rose from about 854,000 BTC to 1.11 million BTC over the period. That represents an increase of roughly 260,000 BTC—valued at around $25 billion at current prices, or an average of about 43,000 BTC added per month.
Glassnode noted that this trend underscores “the steady expansion of corporate balance-sheet exposure to Bitcoin.”
Meanwhile, Bitcoin miners, who generate an average of 450 BTC per day, produced approximately 82,000 coins over the same six months, pointing to a potentially favorable supply–demand imbalance.
Strategy controls the majority of Bitcoin held in corporate treasuries, accounting for roughly 60% of the total balance.
Of the approximately 1.2 million BTC held by public and private companies, Michael Saylor’s Strategy holds 687,410 BTC—valued at about $65.5 billion at current market prices. The firm resumed buying this month following a short pause, disclosing the acquisition of an additional 13,627 BTC between January 5 and 11, marking its largest purchase since July.
MARA Holdings ranks as the second-largest corporate Bitcoin treasury, with 53,250 BTC worth roughly $5 billion, according to data from Bitcoin Treasuries.
Bitcoin ETFs could further boost demand
Spot Bitcoin exchange-traded funds may intensify the supply–demand imbalance if inflows continue throughout the year. Bitwise chief investment officer Matt Hougan said Tuesday that “Bitcoin’s price will go parabolic if ETF demand persists over the long term.”
“Since ETFs debuted in Jan 2024, they’ve been buying more than 100% of the new supply of bitcoin. But the price hasn’t gone parabolic, because existing holders have been willing to sell. If ETF demand persists — and I think it will — eventually, these sellers will run out of ammo.”
U.S. spot Bitcoin ETFs recorded nearly $22 billion in net inflows in 2025, led overwhelmingly by BlackRock’s iShares Bitcoin Trust (IBIT).
Their momentum has been uneven at the start of 2026, however. So far this year, inflows of about $1.9 billion have been partially offset by $1.38 billion in outflows, leaving a net cumulative inflow of just over $500 million.
