上市公司獲得的比特幣（BTC）超過2025年的新供應

根據最近的Bitwise數據，上市公司在2025年收購了比特幣要比估計的新供應更多的比特幣。 AndréDragosch，歐洲研究負責人

Public companies bought more Bitcoins than the estimated new supply in 2025, according to recent Bitwise data.

根據最近的Bitwise數據，上市公司購買的比特幣比2025年估計的新供應量多。

André Dragosch, European Head of Research at Bitwise, reported that public firms purchased 196,207 Bitcoins in 2025, over three times the year’s new supply of 60,044 Bitcoins. This aggressive buying trend exceeds the projected full-year Bitcoin issuance of 164,250.

Bitwise的歐洲研究負責人安德烈·德拉格斯（AndréDragosch）報導說，公共公司在2025年購買了196,207個比特幣，這是一年60,044個比特幣的三倍。這種積極的購買趨勢超過了預計的全年比特幣發行164,250。

“We estimate that in 2025, public companies bought more BTC than the estimated new supply,” Dragosch said.

Dragosch說：“我們估計，在2025年，上市公司購買的BTC超過了估計的新供應。”

ETFs also added over 59,000 Bitcoins in 2025, pushing their total to $6.15 billion.

ETF在2025年還增加了59,000多名比特幣，將其總計達到61.5億美元。

Dragosch added that institutional and corporate buyers are accumulating more Bitcoin than miners can produce, setting the stage for a potential shortage.

Dragosch補充說，機構和公司買家的積累比礦工可以生產的要多，這為潛在的短缺奠定了基礎。

Many players entered the market with major deals in May 2025. Strategy acquired over 15,000 Bitcoins, Twenty One Capital added 4,800+ Bitcoins, and Metaplanet purchased 1,241 Bitcoins.

許多玩家在2025年5月以主要交易進入市場。戰略收購了15,000多名比特幣，二十一首資本增加了4,800多個比特幣，而Metaplanet購買了1,241個比特幣。

This suggests that many firms are increasingly adding Bitcoin to their company reserves.

這表明許多公司越來越多地為其公司儲備金增加比特幣。

Major Holders and Institutional Impact on Bitcoin Supply

主要持有人和機構對比特幣供應的影響

Strategy is consistently increasing its presence and holdings. From the start of 2025 until May 15, the company purchased over 120,000 Bitcoins, raising its total to 568,840 Bitcoins, valued at $58.3 billion.

策略一直在增加其存在和持有。從2025年初到5月15日，該公司購買了超過120,000個比特幣，將其總數提高到568,840比特幣，價值583億美元。

Strategy now stands as the second-largest Bitcoin holder globally, closely trailing BlackRock’s iShares Bitcoin Trust ETF, which controls 625,054 Bitcoins worth $64.08 billion.

現在的策略是全球第二大比特幣持有人，緊隨貝萊德的iShares比特幣信託ETF，它控制了625,054個比特幣，價值640.8億美元。

Data from Bitcointreasuries.net indicates that 197 entities, including public and private companies, ETFs, governments, smart contracts, and custodians, hold approximately 3.32 million Bitcoins, representing over 16% of Bitcoin’s total circulating supply.

來自BitCoinReasuries.net的數據表明，包括公共和私人公司，ETF，政府，智能合約和保管人在內的197個實體持有約332萬比特幣，佔比特幣總循環供應量的16％以上。

ETFs and investment funds take the lead with 1.343 million Bitcoins, followed by public companies holding 786,857 Bitcoins.

ETF和投資基金以134.3萬比特幣領先，其次是擁有786,857個比特幣的上市公司。

Governments hold 527,737 Bitcoins, while private companies collectively own 286,297 Bitcoins.

政府持有527,737個比特幣，而私營公司共同擁有286,297個比特幣。

DeFi and smart contracts control 221,056 Bitcoins, and exchanges and custodians hold 155,851 Bitcoins.

Defi和Smart合同控制221,056個比特幣，交易所和保管人持有155,851個比特幣。

Growing Corporate Adoption and Long-Term Projections

企業採用和長期預測不斷增加

Bitcoin is gaining traction, and more companies are adopting it. In 2024, the majority of Bitcoin was kept by a few firms, most notably Strategy and Metaplanet.

比特幣正在獲得吸引力，越來越多的公司採用它。在2024年，大多數比特幣都由幾家公司保存，最著名的是戰略和元素網。

Currently, more than 70 public companies include Bitcoin on their balance sheets. Strategy CEO Phong Le anticipates that number to rise sharply, projecting that as many as 700 public companies could be holding Bitcoin by next year.

目前，有70多家上市公司在資產負債表上包括比特幣。戰略首席執行官Phong Le預計這個數字會急劇上升，預計到明年，多達700家上市公司可能會持有比特幣。

Michael Saylor, Executive Chairman of Strategy, noted at the recent Strategy World 2025 event that Bitcoin treasury companies are becoming “exponentially more powerful.”

戰略執行董事長邁克爾·塞勒（Michael Saylor）在最近的《 2025年戰略世界2025年》活動中指出，比特幣財政部公司正變得“呈指數強大”。

He projects that annual growth in Bitcoin adoption among companies could reach 30–60% in the coming years, supporting a long-term trend of corporate accumulation.

他預測，在未來幾年中，公司中比特幣採用的年增長率可能會達到30-60％，這支持了公司積累的長期趨勢。

The progress made by the U.S. government in digital asset frameworks and stablecoin bills has been viewed as supportive for institutions that invest in Bitcoin.

美國政府在數字資產框架和Stablecoin法案方面取得的進展已被視為對投資比特幣的機構的支持。

With Bitcoin gaining popularity among businesses, experts predict the influence of supply and demand will continue to rise throughout 2025.

隨著比特幣在企業之間的流行，專家預測，供求的影響將在2025年整個2025年繼續增加。