MicroStrategy CEO Michael Saylor expects Bitcoin to rally again by year-end, driven by stronger corporate and institutional interest.
Speaking to CNBC’s Closing Bell Overtime on Tuesday, Saylor explained that corporate adoption of Bitcoin and consistent buying from institutional exchange-traded funds (ETFs) have absorbed almost all of the new supply.
According to Bitbo, miners are producing about 900 Bitcoins per day.
However, a report from financial services firm River shows that businesses have spent about 1,755 Bitcoins per day in 2025, while ETFs have added an average of 1,430 per day.
On Monday, the market also saw one of the biggest write-offs of the year, nearly $2 billion, driven by technical factors rather than market fundamentals.
Bitbo tracked at least 145 companies that have added Bitcoin to their balance sheets, including MicroStrategy, which now holds 638,985 BTC.
