{"id":23912,"date":"2026-04-30T06:31:25","date_gmt":"2026-04-30T06:31:25","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2026\/04\/30\/strategy-is-buying-bitcoin-2-7x-faster-than-miners-can-produce-it-what-the-data-says-about-a-supply-shock\/"},"modified":"2026-04-30T06:31:25","modified_gmt":"2026-04-30T06:31:25","slug":"strategy-is-buying-bitcoin-2-7x-faster-than-miners-can-produce-it-what-the-data-says-about-a-supply-shock","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2026\/04\/30\/strategy-is-buying-bitcoin-2-7x-faster-than-miners-can-produce-it-what-the-data-says-about-a-supply-shock\/","title":{"rendered":"Strategy Is Buying Bitcoin 2.7x Faster Than Miners Can Produce It. What the Data Says About a Supply Shock"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Strategy is currently purchasing Bitcoin at a rate approximately <\/span><b>2.7 times faster <\/b><span style=\"font-weight: 400;\">than the amount of new BTC created by miners since the beginning of 2026, amid a post-halving supply that continues to tighten and BTC exchange balances dropping to multi-year lows. On-chain data show the company\u2019s supply absorption rate far outstrips the amount of new Bitcoin entering circulation daily, bringing the \u201csupply shock\u201d narrative back to the forefront of the Bitcoin market.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Strategy_Is_Absorbing_Bitcoin_Faster_Than_New_Supply\"\/><b>Strategy Is Absorbing Bitcoin Faster Than New Supply<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">According to data from Strategy, Strategy\u2019s Bitcoin holdings have increased from approximately 673,783 BTC at the start of 2026 to<\/span><b> 818,334 BTC <\/b><span style=\"font-weight: 400;\">as of April 29, representing an accumulation of roughly <\/span><b>144,551 BTC<\/b><span style=\"font-weight: 400;\"> in less than four months.<\/span><\/p>\n<div id=\"attachment_162051\" style=\"width: 2772px\" class=\"wp-caption alignnone\"><noscript><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162051\" class=\"lazyload size-full wp-image-162051\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/04\/so-luong-mua-btc-YTD-tb-gia-tong-cong-holding.jpg\" alt=\"Strategy BTC purchase statistics\" width=\"2762\" height=\"1124\"\/><\/p>\n<p id=\"caption-attachment-162051\" class=\"wp-caption-text\">Strategy BTC purchase statistics. Source: Strategy<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">During the same period, the Bitcoin network only produced approximately 53,550 new BTC. Following the April 2024 halving, block rewards were reduced to <\/span><b>3.125 BTC per block<\/b><span style=\"font-weight: 400;\">, equivalent to about <\/span><b>450 BTC<\/b><span style=\"font-weight: 400;\"> per day at an average rate of 144 blocks per day.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Based on the BTC produced since the start of the year, Strategy alone has purchased new supply roughly 2.7 times faster than the network generates it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This figure is significantly higher than the <\/span><b>2.2x <\/b><span style=\"font-weight: 400;\">level previously announced by Strategy in an April 7 post on X, when the company reported purchasing 94,470 BTC since the start of 2026.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">YTD 2026, we have acquired 2.2x the natural supply of <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">$BTC<\/a> and achieved BTC Yield of 3.7%, generating a BTC Gain of \u20bf24,675 (~$1.7B). <a href=\"https:\/\/t.co\/xH2m4dmO2B\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">pic.twitter.com\/xH2m4dmO2B<\/a><\/p>\n<p>\u2014 Strategy (@Strategy) <a href=\"https:\/\/twitter.com\/Strategy\/status\/2041530487613641186?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">April 7, 2026<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Unlike previous periods, the majority of new Bitcoin supply now comes from BTC mined daily, as the issuance rate has dropped sharply post-halving. This makes large-scale institutional purchases have a more pronounced impact on available BTC in the spot market, especially since a large portion of the current supply is being held long-term rather than circulating frequently on exchanges.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Post-Halving_Supply_Looks_Much_Tighter\"\/><b>Why Post-Halving Supply Looks Much Tighter<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">After the April 2024 halving, the amount of new Bitcoin created daily dropped to approximately 450 BTC\u2014less than half of the previous period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, Bitcoin\u2019s annualized supply growth has fallen below 1% per year\u2014the lowest level in the asset\u2019s history. Meanwhile, demand from institutions, ETFs, and corporate treasuries continues to persist.<\/span><\/p>\n<div id=\"attachment_162052\" style=\"width: 2430px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162052\" class=\"size-full wp-image-162052\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-29-at-23.58.54.jpg\" alt=\"BTC mining stats\" width=\"2420\" height=\"1476\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162052\" class=\"lazyload size-full wp-image-162052\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-29-at-23.58.54.jpg\" alt=\"BTC mining stats\" width=\"2420\" height=\"1476\"\/><\/p>\n<p id=\"caption-attachment-162052\" class=\"wp-caption-text\">BTC mining stats. Source: BitBo<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">In previous cycles, miners were typically the market\u2019s largest natural source of supply, as they had to sell a portion of BTC to cover operational costs. But after the halving, the amount of BTC miners that can be brought to market daily has plummeted, making spot liquidity increasingly dependent on BTC circulating on exchanges or held by existing holders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Galaxy Digital CEO Mike Novogratz, in a recent episode of the<\/span><a href=\"https:\/\/youtu.be\/8vKUb9y2TqY?si=-Y4BkUTGRLlr5w_G\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"> <i><span style=\"font-weight: 400;\">All Things Markets<\/span><\/i><span style=\"font-weight: 400;\"> podcast,<\/span><\/a><span style=\"font-weight: 400;\"> also suggested that the market may be underestimating the scarcity of Bitcoin actually available for trade, particularly as demand from traditional financial institutions continues to rise post-halving.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exchange_Liquidity_Is_Starting_to_Shrink\"\/><b>Exchange Liquidity Is Starting to Shrink<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">On-chain data also indicates that Bitcoin held on exchanges is continuing to decline as Strategy accelerates its BTC accumulation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to CryptoQuant, total Bitcoin reserves on centralized exchanges have dropped from approximately 3.05 million BTC at the beginning of the year to about 2.67 million BTC by the end of April.<\/span><\/p>\n<div id=\"attachment_162053\" style=\"width: 2310px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162053\" class=\"size-full wp-image-162053\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/04\/cryptoquant-Bitcoin-Exchange-Reserve-All-Exchanges.jpg\" alt=\"BTC Exchange Reserve\" width=\"2300\" height=\"1230\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162053\" class=\"lazyload size-full wp-image-162053\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/04\/cryptoquant-Bitcoin-Exchange-Reserve-All-Exchanges.jpg\" alt=\"BTC Exchange Reserve\" width=\"2300\" height=\"1230\"\/><\/p>\n<p id=\"caption-attachment-162053\" class=\"wp-caption-text\">BTC Exchange Reserve. Source: CryptoQuant<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">This decrease of nearly <\/span><b>380,000 BTC <\/b><span style=\"font-weight: 400;\">has occurred simultaneously with Strategy\u2019s continuous accumulation, indicating that the remaining Bitcoin on exchanges is narrowing significantly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Miner reserve data also shows that the amount of BTC held by miners has continued to gradually decrease over several months. As of the end of April, miner reserves stood at approximately 1.803 million BTC, significantly lower than the 1.81 million BTC range seen at the beginning of the year. Miner Netflow data shows that miners are still moving BTC to exchanges in batches, but large-scale selling pressure similar to previous cycle peaks has not yet appeared.<\/span><\/p>\n<div id=\"attachment_162054\" style=\"width: 2306px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162054\" class=\"size-full wp-image-162054\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/04\/CryptoQuant-Bitcoin-Miner-Reserve-All-Miners.jpg\" alt=\"BTC Miner Reserve\" width=\"2296\" height=\"1232\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162054\" class=\"lazyload size-full wp-image-162054\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/04\/CryptoQuant-Bitcoin-Miner-Reserve-All-Miners.jpg\" alt=\"BTC Miner Reserve\" width=\"2296\" height=\"1232\"\/><\/p>\n<p id=\"caption-attachment-162054\" class=\"wp-caption-text\">BTC Miner Reserve. Source: CryptoQuant<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">This indicates that the market currently relies more on BTC circulating on exchanges and existing holders rather than new supply from miners. In the context of Strategy continuing to buy at scale with a long-term holding trend, the amount of Bitcoin actually available for trade could become increasingly scarce if institutional demand persists in the coming quarters.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_This_a_Real_Supply_Shock_Yet\"\/><b>Is This a Real Supply Shock Yet?<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">However, current data does not yet show that Bitcoin has entered a state of distinct market-wide supply deficiency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an April 7 analysis, CoinDesk noted that the scale of the Bitcoin market is still large enough to absorb institutional purchases without necessarily creating an immediate supply shock. A portion of liquidity also comes from OTC desks, investment funds, and long-term holders willing to take profits when prices rise sharply. Accordingly, the strategy of purchasing more BTC than miners produce does not automatically lead to the market \u201crunning out of supply.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nevertheless, on-chain data shows that pressure on available Bitcoin in the market is gradually increasing. Exchange reserves continue to fall while the new supply post-halving is significantly lower than in previous cycles. If demand from corporate treasuries or ETFs persists in the coming quarters, the pressure on BTC available for trade could become more distinct.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, the market may not have entered a phase of clear supply shortage. But on-chain data shows the structure of Bitcoin supply is beginning to differ significantly from previous cycles\u2014especially as an increasingly large portion of new supply is being absorbed by institutions with long-term holding tendencies like Strategy.<\/span><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/strategy-buying-bitcoin-faster-than-miners-supply-shock-data\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=strategy-buying-bitcoin-faster-than-miners-supply-shock-data\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategy is currently purchasing Bitcoin at a rate approximately 2.7 times faster than the amount of new BTC created by miners since the beginning of 2026, amid a post-halving supply that continues to tighten and BTC exchange balances dropping to multi-year lows. On-chain data show the company\u2019s supply absorption rate far outstrips the amount of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/04\/2904.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/23912"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=23912"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/23912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/23913"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=23912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=23912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=23912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}