Supply shock is forming: Michael Saylor says Bitcoin treasury companies are buying 1.6x the BTC miners produce
Source:
x.com
Odaily reports: Bitcoin Treasuries posted on X platform that Strategy's Michael Saylor stated that Bitcoin treasury companies are purchasing 1.6 times the amount of BTC produced by miners, creating a supply shock. As the treasury industry develops, BTC demand increases and drives prices higher, while improving the credit and equity conditions of the companies involved, enabling them to raise more capital and buy more BTC. Saylor said that the companies are not competing with each other but rather cooperating in a virtuous cycle.