Corporate digital asset treasuries (DATs) have added a net 260,000 Bitcoin to their balance sheets over the last six months, greatly outstripping the estimated 82,000 bitcoins that were mined during that same timeframe.

According to on-chain analytics firm Glassnode, treasures held by public and private companies expanded from approximately 854,000 BTC to 1.11 million BTC. This equates to an accumulation of around 260,000 BTC, valued at approximately $25 billion at current market prices, averaging 43,000 BTC per month.

The trend reveals a steady increase in corporate balance-sheet exposure to Bitcoin. Bitcoin miners, who typically produce 450 BTC daily, managed to mine around 82,000 coins over the same period, hinting at a favorable supply-demand dynamic.

Strategy Holds the Majority

The predominant fraction of the total 1.2 million BTC stored in corporate treasuries is managed by Michael Saylor’s Strategy, which currently possesses 687,410 BTC — representing 60% of the total, with a current market value of about $65.5 billion. The firm resumed its acquisitions this month after a brief hiatus, acquiring 13,627 BTC from January 5 to 11, marking its most substantial purchase since July.

Potential Demand from Bitcoin ETFs

Spot Bitcoin exchange-traded funds could potentially influence future trends in supply and demand if current inflow patterns maintain. Matt Hougan from Bitwise stated, “Bitcoin’s price will go parabolic if ETF demand persists long-term.”
This has implications as spot BTC ETFs in the US recorded nearly $22 billion in net inflows during 2025, predominantly benefiting BlackRock’s iShares Bitcoin Trust (IBIT). However, with $1.9 billion inflows and $1.38 billion outflows reported so far in 2026, the net aggregate inflow stands just over $500 million.