“River’s New Flow Map Suggests Companies Absorb Amound 1.755 BTC Per Day Versus Approximately 450 Mined, With Funds and Etfs Adding More Demand.”, – WRITE: www.coindesk.com
The US-BITCOIN FINANCAL SERVICES FIRM, WHICH RUNS BRUKERAGE and MINial Operations and Publishes Research, Released A Sankey-Style Flow Infographic Dated Aug. 25 in a Post on X. In this Layout, Outflows Are Shown on the Left, Inflows on the Right, And The Thickness of Each Line Represents of the Net Daily Movement.
River’s Aug. 25 Snapshot Shows Businesses Absorbing ABOUT 1.755 BTC/Day VS About 450 MINED.
River defines “Businesses” Broadly. The Category Combines Bitcoin Treasury Companies – FIRMS SUCH as Strategy that Publicly Hold Btc – with Conventional Companies that Kep Bitcoin On Their Balance Sheets. Based on Public Filings, Custodial Address Taging and Its Own Heuristic, River Estimates that About 1.755 BTC per day Flow Into Business-Controlled Wallets.
By Comparison, River Calculates New Miner Supple at About 450 BTC per Day in 2025. that figure reflexes the April 2024 Halning, WHICH CUT The BLOCK SUBSIDY TO 3.125 BTC.
With Bitcoin Blocks AwaAging One Every 10 Minutes – About 144 per Day – The Result Is Roughly 450 BTC in New Issuance Daily, Thought The Exact Number Fluctuates Slightly as Block Times V.
That math is the Basis for River’s Claim That Companies Are Absorbing Bitcoin at Nearly Four Times The Rate It Is Mined.
The Infographic Shows Other Large Institutional Inflows As Well.
Funds and Etfs Account for About 1,430 BTC/Day in Net Inflows, Which Further Boosts Total Absorption Compared With New Issuance. Smaller Streams Go to “Other” entities (about 411 BTC/Day) and Governments (About 39 BTC/Day).
River Also Records A Small But Steady Flow Into “Lost Bitcoin” (About 14 BTC/Day), Representation Coins that Firm Judges to Be Permanently Inaccessible, Such As Through.
On the Other Side of the Ledger, Individuals Appear as the Largest Net Outflow at About –3,196 BTC/Day. River stresses that this does not necessarily mean retail investors are Dumping Coins. Rater, IT Reflects Bitcoin Moving from Addresses the FIRM CLASSIFIESS as Individual-Held Into Those IT Tags As Institute.
River Says the takeaway is Simple: WHEN INFLOWS TO BUSINESSES AND FUNDS Exceed New Issuance from Mines, Available Suppply Tigens. Still, The FIRM CAUTIONS THAT The INFOPHRAPHIC SHOULD BE READ CAREFULLY.
First, The Figures Are Estimates, Not An Exact Census of the Blockchain.
River Relies on A Mix of Wallet Taging, Public Discalosures and External Databases, Which May Miss Some Holdings or Misclassify Certain Addresses. Second, Net Inflows Do not Always Equal Direct Spot Buying. A Business Wallet Showing +1,755 BTC Per Day Could Reflect OTC Transactions, Custodial Transfers or Treasury Reshuffling, Not Just Exchange Purchases.
For Readers Unfamiliar with Flow Diagrams, The Point Is this: The Lines Show WHERE COINS ARE ENDING UP ON BALANCE, NOT EVERY TRADE OR Transfer in the System. If more coinsforly end up in business, Fund and Government Wallets than miners are production, River Argues that Institutions are tighting Suppply at the Margin.
River’s Snapshot is not a price Forecast, But It Illustrates How Ownership Patterns May Be Shifting. If Businesses and Funds Continue to Absorb More than Miners Produce, The Firm Argues, Institutions Could Play A Larger Role in Shaping Bitcoin’s Suppply Dynamics.
River’s Research Estimates Btc Ownership at 65.9% for Individuals, 7.8% for Funds, 6.2% for Businesses and 1.5% for Governments. About 7.6% is Believed Lost.
- River’s Research Estimates that As of Aug. 25, 2025, Individuals Hold About 65.9% of BTC (13.83 Million Coins).
- Funds and etfs Control about 7.8% of Supple; Businesses 6.2% and Governments Control 1.5%.
- River Says The Distribution is Inferred from Filings, Address Taging and Prior Research. In Other Words, It Is An Estimate, Not An on-Chain Census.
Read Full Story