According to Vanek, a New York-based financial giant, the company is currently purchase Bitcoin at a much faster pace than most people realize.
Meanwhile, the role of miners continues to decrease compared to previous cycles.
Fast-growing institutional demand
In particular, businesses have added a staggering 638,617 BTC so far.
This very impressive total represents a five-fold increase compared to the previous year. In 2024, for comparison, the company added 120,290 coins.
Currently, corporate finances are emerging as a highly influential market force, replacing Bitcoin miners.
At the same time, Exchange-Traded Funds (ETFs) offered by major players such as Fidelity and BlackRock purchased 300,066 BTC in 2024 and 381,037 BTC in 2025.
Therefore, overall demand is approaching 1 million coins in 2025. This is a significant increase compared to the previous year.
The role of miners is reduced
Demand for businesses is far exceeding the supply of new Bitcoin, which currently stands at 166,000 coins.
As Vaneck pointed out, only 330,000 bitcoins will be mined during the next harving cycle, which will take place between 2028 and 2032. It will then take over a century to mine another 330,000 coins. This shows how limited the future demand for Bitcoin is.