River Data Shows Businesses Absorbing Bitcoin Supply at Quadruple the Mining Rate

Institutional Bitcoin Demand Outstrips Supply Nearly 4-to-1, River Finds

River’s latest research suggests bitcoin ownership is tilting further toward institutions. Its Aug. 25 flow analysis shows businesses absorbing 1,755 BTC daily, compared with miner issuance of ~450 BTC.

ETFs and funds add another 1,430 BTC/day to the tally, alongside smaller inflows from governments and other entities. Retail wallets, meanwhile, register the largest net outflows.

River cautions that the figures are estimates and that inflows may represent custodial reshuffling rather than direct exchange buying. Still, the imbalance suggests a tightening of available supply at the margin — a dynamic that could shape market liquidity and price resilience in coming months.