In the first week of 2026, US spot Bitcoin ETFs and corporates including MicroStrategy (1,283 BTC purchase) absorbed 6,433 BTC from circulation vs. miners' 3,137 BTC output. Institutions took 105% of new supply. Corporate treasuries hold 1.09M BTC (5.2% total). Supply shock
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In the first week of 2026, US spot Bitcoin ETFs and corporates including MicroStrategy (1,283 BTC purchase) absorbed 6,433 BTC from circulation vs. miners' 3,137 BTC output. Institutions took 105% of new supply. Corporate treasuries hold 1.09M BTC (5.2% total). Supply shock