上市公司获得的比特币（BTC）超过2025年的新供应

根据最近的Bitwise数据，上市公司在2025年收购了比特币要比估计的新供应更多的比特币。 AndréDragosch，欧洲研究负责人

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

根据最近的Bitwise数据，上市公司购买的比特币比2025年估计的新供应量多。

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的欧洲研究负责人安德烈·德拉格斯（AndréDragosch）报道说，公共公司在2025年购买了196,207个比特币，这是一年60,044个比特币的三倍。这种积极的购买趋势超过了预计的全年比特币发行164,250。

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

Dragosch说：“我们估计，在2025年，上市公司购买的BTC超过了估计的新供应。”

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

ETF在2025年还增加了59,000多名比特币，将其总计达到61.5亿美元。

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

Dragosch补充说，机构和公司买家的积累比矿工可以生产的要多，这为潜在的短缺奠定了基础。

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.

许多玩家在2025年5月以主要交易进入市场。战略收购了15,000多名比特币，二十一首资本增加了4,800多个比特币，而Metaplanet购买了1,241个比特币。

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

这表明许多公司越来越多地为其公司储备金增加比特币。

Major Holders and Institutional Impact on Bitcoin Supply

主要持有人和机构对比特币供应的影响

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。从2025年初到5月15日，该公司购买了超过120,000个比特币，将其总数提高到568,840比特币，价值583亿美元。

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.

现在的策略是全球第二大比特币持有人，紧随贝莱德的iShares比特币信托ETF，它控制了625,054个比特币，价值640.8亿美元。

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.

来自BitCoinReasuries.net的数据表明，包括公共和私人公司，ETF，政府，智能合约和保管人在内的197个实体持有约332万比特币，占比特币总循环供应量的16％以上。

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

ETF和投资基金以134.3万比特币领先，其次是拥有786,857个比特币的上市公司。

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

政府持有527,737个比特币，而私营公司共同拥有286,297个比特币。

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个比特币，交易所和保管人持有155,851个比特币。

Growing Corporate Adoption and Long-Term Projections

企业采用和长期预测不断增加

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.

比特币正在获得吸引力，越来越多的公司采用它。在2024年，大多数比特币都由几家公司保存，最著名的是战略和元素网。

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多家上市公司在资产负债表上包括比特币。战略首席执行官Phong Le预计这个数字会急剧上升，预计到明年，多达700家上市公司可能会持有比特币。

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

战略执行董事长迈克尔·塞勒（Michael Saylor）在最近的《 2025年战略世界2025年》活动中指出，比特币财政部公司正变得“呈指数强大”。

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.

他预测，在未来几年中，公司中比特币采用的年增长率可能会达到30-60％，这支持了公司积累的长期趋势。

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.

美国政府在数字资产框架和Stablecoin法案方面取得的进展已被视为对投资比特币的机构的支持。

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

随着比特币在企业之间的流行，专家预测，供求的影响将在2025年整个2025年继续增加。