VanEck: Corporate BTC buying surge eclipses miner influence

Asset management firm VanEck said in a report that companies are accumulating Bitcoin faster and in greater quantities than initially anticipated. So far this year, corporate entities have purchased 638,617 BTC, a figure five times greater than the 120,290 BTC acquired in all of last year, U.Today reported, citing the document. VanEck projects that corporate accumulation could reach one million BTC by the end of the year. The firm noted that this trend indicates corporations are becoming more influential on Bitcoin than miners, as only around 330,000 BTC are expected to be mined during the next halving cycle (2028–2032). The report added that mining the subsequent 330,000 BTC is projected to take more than a century.