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- Companies and ETFs are buying more than 3x the daily Bitcoin supply.
- Michael Saylor expects a rally once macro headwinds ease.
- Public and treasury companies see Bitcoin as digital capital for the future.
Bitcoin may be poised for another rally later this year as institutional demand continues to outpace new supply, according to Michael Saylor, executive chairman of Strategy. Speaking on CNBC’s Closing Bell Overtime, Saylor argued that once “macro headwinds” ease, Bitcoin will benefit from unprecedented buying pressure by corporations and ETFs.
Institutional Demand Outpaces Mining Supply
On average, Bitcoin miners generate about 900 BTC per day. But demand from institutions has surged far beyond that pace. Data from River Financial shows that in 2025 alone, businesses have been purchasing roughly 1,755 BTC daily, while ETFs absorb an additional 1,430 BTC.
That means corporate and institutional buyers are collectively consuming nearly 3,200 BTC per day—more than triple the daily new supply. “Companies that are capitalizing on Bitcoin are buying even more than the natural supply being created by miners,” Saylor noted. “That’s putting upward pressure on the price.”
Short-Term Volatility, Long-Term Confidence
Bitcoin has recently traded between $111,000 and $117,800, according to CoinGecko, with sharp sell-offs flushing nearly $2 billion in positions earlier this week. Analysts, however, attributed the move to technical liquidations rather than weakening fundamentals.
Saylor believes these short-term corrections mask the bigger picture. “As we work through resistance and some macro headwinds, we’ll actually see Bitcoin start to move up smartly again toward the end of the year,” he said.
Corporate Balance Sheets and Digital Gold
Saylor highlighted two types of corporate buyers driving this trend. The first includes operating companies that might otherwise distribute capital via dividends or buybacks but instead are adopting Bitcoin as a reserve asset. At least 145 public companies now hold Bitcoin, according to Bitbo, including Strategy itself, which owns nearly 639,000 BTC.
The second group is what Saylor calls “true treasury companies,” building digital credit instruments backed by Bitcoin. “The world ran on gold-backed credit for 300 years,” Saylor said. “The world’s going to run on digital gold-backed credit for the next 300 years.”
With institutional demand soaring and public companies integrating Bitcoin into their capital structures, Saylor argues the stage is set for a renewed rally—one that could accelerate as macroeconomic pressures ease.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
