Currently, miners produce an average of about 900 bitcoins per day, while treasury companies and ETFs buy an average of 1,755 and 1,430 bitcoins per
according to Cointelegraph, last week Bitcoin spot ETF recorded a net inflow of $3.24 billion, almost equaling the historical record week of November 2024. Bitcoin Treasury Company bought over 6,702 bitcoins last week, worth about $1.2 billion, with Japanese company Metaplanet increasing its holdings by 5,258 on October 1st.
Data shows that institutional demand has exceeded mining supply capacity. Miners produce an average of about 900 bitcoins per day, while enterprises and ETFs purchase an average of 1,755 and 1,430 bitcoins per day respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Multiple unions threaten strikes at Barrick’s flagship Mali gold mine, documents show
Jim Cramer Says the Upcoming Week Looks Quiet. Here's What He'll Still Be Watching
Is Crypto's Weekend Drop a Preview of Monday? Houthis Target Riyadh, Trump Weighs Iran
Arc Launches Agentic Payments with USDC Across 3 Chains, Removing Gas Wallet Hassles
