Corporate digital asset treasuries (DATs) have seen a significant increase in their Bitcoin holdings over the past six months, accumulating a net total of 260,000 Bitcoins. This surge in corporate investment represents a striking contrast to the estimated 82,000 Bitcoins mined during the same timeframe. According to data gathered by on-chain analytics provider Glassnode, the total amount of Bitcoin held by public and private companies has escalated from approximately 854,000 BTC to around 1.11 million BTC.
This increase translates to a considerable financial expansion, valued at roughly $25 billion based on current market prices. The average gain has been about 43,000 BTC per month, a trend that underscores a broader movement toward integrating Bitcoin into corporate balance sheets. Glassnode emphasized this trend by stating that it reflects “the steady expansion of corporate balance-sheet exposure to Bitcoin.”
In contrast, Bitcoin miners produced approximately 450 BTC daily, yielding close to 82,000 coins throughout the same period. This disparity between mining rates and corporate acquisitions suggests a potentially favorable supply-demand dynamic, which could have implications for Bitcoin’s market performance moving forward.
Leading the pack in corporate holdings is Michael Saylor’s firm, Strategy, which commands a substantial 60% of the total Bitcoin held in institutional treasuries. Currently, Strategy reports holdings of 687,410 BTC, valued at around $65.5 billion at prevailing market rates. After a brief pause in acquisition activities, the firm resumed its purchasing strategy this month, highlighting its commitment to expanding its Bitcoin treasury. Between January 5 and January 11, Strategy reported acquiring an additional 13,627 BTC, marking its largest purchase since July.
Following Strategy, MARA Holdings constitutes the second-largest corporate Bitcoin DAT, holding 53,250 BTC valued at approximately $5 billion.
The emergence of spot Bitcoin exchange-traded funds (ETFs) may further influence market dynamics, potentially enhancing the demand for Bitcoin if current inflow trends persist throughout the year. Matt Hougan, chief investment officer at Bitwise, noted that if ETF demand remains robust and long-lasting, Bitcoin’s price could experience significant upward movement. Notably, since the introduction of ETFs in January 2024, they have been purchasing more than 100% of the newly mined Bitcoin.
However, the initiation of 2026 has shown mixed results for these funds, with reports indicating net inflows of about $1.9 billion alongside $1.38 billion in outflows, resulting in an aggregate net inflow exceeding $500 million. This ongoing activity highlights the complex landscape of Bitcoin investment and the strategies corporations are increasingly employing to capitalize on the cryptocurrency market.
