Saylor Warns: ETF Frenzy and Corporate Buying Spree Create Unprecedented Bitcoin Supply Crunch

Bitcoin's facing its tightest squeeze ever—and Wall Street's finally waking up to the math.

The ETF Effect Goes Nuclear

Spot Bitcoin ETFs now guzzle over 10 times the daily mining output. BlackRock and Fidelity collectively vacuum up more coins than the entire network produces every 24 hours. Meanwhile corporate treasuries—following MicroStrategy's lead—keep converting cash reserves into digital gold.

Supply Shock Mechanics

With 95% of Bitcoin already mined and institutional demand accelerating, available liquidity evaporates faster than a meme coin rug pull. Exchanges report multi-year lows in BTC reserves as whales accumulate positions they never intend to sell.

This isn't speculation—it's basic arithmetic meeting institutional FOMO. Traditional finance spent years dismissing Bitcoin as a bubble while quietly building the exact conditions for this supply crisis. Now they're scrambling for scraps in a market they failed to understand.

The squeeze is on—and the smart money's betting there won't be enough coins to go around.

ETF and company demand exceeds miner supply

Saylor told CNBC’s Closing Bell Overtime that companies and exchange-traded funds (ETFs) are purchasing more Bitcoin than is currently being created by miners.

Miners generate around 900 bitcoin daily, but a recent report from River found that businesses are accumulating approximately 1,755 bitcoin per day in 2025, with ETFs acquiring another 1,430 per day on average.

This dynamic, according to Saylor, “is putting upward pressure on the price.”

Buy pressure and market movements

Over the last 24 hours, bitcoin traded between $111,369 and $113,301, with a seven-day high of $117,851.

The market also experienced nearly $2 billion in liquidations earlier in the week, an event analysts attributed to technical trading factors rather than weakening fundamentals. Saylor added:

“I think that as we work through the resistance of late and some macro headwinds, we’ll actually see Bitcoin start to MOVE up smartly again toward the end of the year.”

Public companies strengthen with bitcoin treasuries

Saylor categorized bitcoin-buying companies into two groups:

Operating companies that adopt bitcoin as a treasury reserve asset instead of traditional dividends or buybacks, and “true treasury companies” that capitalize on holding bitcoin.

Strategy itself holds 638,985 BTC, making it one of the largest corporate holders.

Digital capital and future credit instruments

Saylor emphasized the evolving role of bitcoin in capital markets, stating:

“The world ran on gold-backed credit for 300 years. The world’s going to run on digital gold-backed credit for the next 300 years. So treasury companies are holding digital capital and creating digital credit instruments.”