VanEck: Total institutional demand for BTC in the past year was approximately 6.7 times its production

On September 23, VanEck wrote that over the past year, companies have increased their holdings by more than 709,000 bitcoins (about $83 billion), and more than 290 companies currently hold more than $163 billion worth of bitcoins. With only 270,000 bitcoins mined over the same period, corporate demand is currently growing at about 4.3 times the rate of bitcoin production. If ETPs, other funds, and government holdings of bitcoin are taken into account, total institutional demand is growing at about 6.7 times the rate of production. Institutional investors' accelerated purchases of bitcoin indicate that they are increasingly recognizing its deflationary supply, which gives bitcoin a unique store of value. Between now and the next halving expected in April 2028, there will be only about 430,000 bitcoins produced. The next halving cycle (2028-2032) will total about 330,000 bitcoins. In the next 100 + years after 2032, there will be only about 330,000 bitcoins produced in total.