A potential bitcoin supply shock is unfolding faster than expected. In just the first few months of 2025, public companies have acquired over 196,000 BTC, dramatically outpacing the estimated 60,000 BTC newly mined in the same period. That’s a 3.3x difference — a trend that could fundamentally alter the availability and price trajectory of Bitcoin in the coming months.
The data, shared in a viral chart by Bitwise and Glassnode and highlighted by analyst André Dragosch on X, shows that corporate Bitcoin purchases have already exceeded the entire projected annual supply of ~164,250 BTC for 2025.
Corporate Demand Is Surging
Institutions and public companies are doubling down on Bitcoin as a treasury reserve strategy. MicroStrategy continues its aggressive buying spree. Metaplanet recently overtook El Salvador in total BTC holdings. New players in Europe — like The Blockchain Group — are actively issuing convertible bonds to fund additional Bitcoin purchases.
The chart, sourced from Bitwise, shows the stark imbalance:
📊 BTC corporate purchases: 196,207 BTC
🧱 New BTC supply in 2025: 60,044 BTC
⚠️ Exceeds total annual supply: 3.3x
This isn’t just an ETF-driven retail narrative — it’s a macro-level shift in capital allocation strategies by some of the largest organizations in the world.
Why This Signals a Real Bitcoin Supply Shock
Bitcoin’s supply is fixed. There will never be more than 21 million BTC. Each halving reduces new issuance, and with 2024’s halving complete, the current production rate is lower than ever.
Yet demand is soaring.
The last time we saw this dynamic play out — during the 2020–2021 cycle — Bitcoin exploded from $10K to $60K+ within months. The conditions in 2025 are even more aggressive:
- ETF inflows are breaking records
- Corporations are outpacing miners 3-to-1
- Exchange reserves continue to drop
- Miner reserves are flatlining — they’re not selling
This creates a classic squeeze scenario where new buyers have fewer coins to access, and existing holders are less willing to part with theirs.
Final Thoughts: Bitcoin Supply Shock Isn’t Coming — It’s Already Here
The term bitcoin supply shock is no longer just a future warning — it’s a present reality backed by hard data. The aggressive pace of institutional accumulation is putting unprecedented pressure on Bitcoin’s circulating supply.
If this continues, we may see a cascade of price discovery events, especially as retail tries to re-enter a market with less float and more conviction among holders.Bitcoin’s price doesn’t just respond to demand — it explodes when supply disappears.
And right now, supply is vanishing.
