River says companies take far more bitcoin every day than miners create.
The US-based Bitcoin Financial Services Company, which runs broker and mining and publishes research, released a Sankey-style flow infographic dated August 25 in a post of X. In this layout, outflow to the left, flow to the right, and the thickness of each line represents the size of net daily movement.
The river defines “companies” widely. The category combines Bitcoin Treasury Companies – companies such as strategy that publicly have BTC – with conventional companies that keep Bitcoin on their balance. Based on public filing, custody address-tagging and its own heuristics, the river’s river estimates that approx. 1,755 BTC per Day flows into business -controlled wallets.
In comparison, the river calculates a new miner supply to approx. 450 BTC per Day of 2025. This number reflects the halving in April 2024, which cuts the block grant to 3,125 BTC per Block.
With Bitcoin blocks on average one every 10 minutes – approx. 144 per Day – is the result approx. 450 BTC in new issue daily, although the exact number fluctuates slightly when blocking times vary.
This math is the basis of River’s claim that companies absorb Bitcoin at almost four times the rate it is extracted.
The infography also shows other large institutional influxes.
Funds and ETFs account for approx. 1,430 BTC/day in net inflow, which further increases the total absorption compared to new issuance. Minor streams go to “other” devices (approx. 411 BTC/DAY) and governments (about 39 BTC/DAY).
River also detects a small but steady flow to “Lost Bitcoin” (about 14 btc/day)representing coins that the company judges to be permanently inaccessible, such as through key losses.
On the other side of the main book, individuals appear as the largest net outflow of approx. –3.196 BTC/DAY. River emphasizes that this does not necessarily mean that retail investors are dumping coins. Rather, it reflects the Bitcoin moving from addresses that the company classifies as individually kept into them, it feels as institutional.
River says that takeaway is simple: when influx to businesses and funds exceeds new issuance from miners, the available supply is tightened. The company still warns that the infography should be read carefully.
First, the numbers are estimates, not an accurate census for blockchain.
River depends on a mixture of wallet marking, public revelations and external databases that may miss some possessions or mislasses certain addresses. Secondly, net inflow is not always the same direct spot purchase. A company’s wallet showing +1.755 BTC per. Day, could reflect OTC transactions, detention transfers or the tax shorten, not just exchange purchases.
For readers who are not familiar with flow diagrams, the point is this: The lines show where coins end up on balance, not any trade or transfer in the system. If more coins consistently end up in business, fund and government’s wallets than miners produce, River claims institutions tighten the supply in the margin.
River’s Snapshot is not a price forecast, but it illustrates how ownership patterns can change. If businesses and funds continue to absorb more than miners produce, the company claims, institutions could play a greater role in the design of Bitcoin’s supply dynamics.
