Bitcoin (BTC) institutional demand is finally outpacing new supply as the market hits a key pivot point.
Key points:
Bitcoin institutional demand is now 13% higher than the amount of newly mined BTC on a rolling daily basis.
New data shows institution-fueled supply reduction returning for the first time since early November.
ETF outflows pass $600 million in just two days this week.
Institutions bounce back with BTC buys
New data from quantitative Bitcoin and digital asset fund Capriole Investments shows that institutions are buying more BTC than miners are adding.
Bitcoin is becoming a target for institutions again as price action seeks a bottom more than 30% below October’s all-time highs.
Capriole reveals that for the past three days, institutional buying has surpassed the newly mined supply.
This is the first time that corporate demand alone has had a net reduction on the BTC supply since the start of November.
The figure remains modest compared to the peak of the bull market two months ago. Currently, institutions are buying 13% more than the daily mined supply.
Bitcoin institutional demand vs. mined supply. Source: Capriole Investments
As noted by Capriole founder Charles Edwards earlier this month, the intervening period between the $126,000 highs and recent lows of $80,500 has been marked by significant stress for market players, including businesses opting to create Bitcoin corporate treasuries.
In the last month there have been no new treasury companies, but there have been first time treasury company sells pic.twitter.com/swXVJ9PvzS
— Charles Edwards (@caprioleio) December 5, 2025
Attention has focused on Strategy, the company with the world’s largest such treasury, which has continued to add to its BTC holdings despite falling prices and stock performance.
Referencing its own AI-based analysis, Capriole’s Edwards this week highlighted a “broken corporate ‘flywheel,’ evidenced by record discounts to NAV among treasury companies and rising leverage.”
Despite Bitcoin looking attractive when judged by network fundamentals, the pressure from corporate treasuries could be complicating the “path…
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