River says that companies are taking much more bitcoin every day that miners believe.
The Bitcoin Financial Services firm based in the US.
River defines “business” widely. The Category combines Bitcoin Treasury Companies, companies such as the strategy that BTC have publicly, with conventional companies that maintain Bitcoin in their balances. According to public presentations, the labeling of the Custody Directorate and its own heuristics, River estimates that approximately 1,755 BTC per day flow to business controlled wallets.
In comparison, River calculates the supply of new miners to approximately 450 BTC per day in 2025. That figure reflects half April 2024, which reduces the subsidy of the block to 3,125 BTC per block.
With the Bitcoin blocks with an average of one every 10 minutes, approximately 144 per day, the result is approximately 450 BTC in a new daily broadcast, although the exact number fluctuates slightly as the lock times vary.
That mathematics is the basis of River’s statement that companies are absorbing Bitcoin almost four times the rate that is extracted.
The infographic also shows other large institutional entries.
The funds and the ETFs represent approximately 1,430 BTC/day in net inputs, which further increases the total absorption compared to the new broadcast. The smallest currents go to “other” entities (Around 411 BTC/day) and governments (Around 39 BTC/day).
River also records a small but constant flow in “Lost Bitcoin” (Around 14 BTC/day)representing coins that the company judges to be permanently inaccessible, as through the key loss.
On the other side of the main book, individuals appear as the largest net exit at approximately –3,196 BTC/day. The river emphasizes that this does not necessarily mean that retail investors are dumping coins. Rather, it reflects that Bitcoin moves from the addresses that the company classifies as individual in those that label as institutional.
River says that the food to carry is simple: when tickets for companies and funds exceed the new issuance of the miners, the available supply is tense. Even so, the company warns that infographic should be read carefully.
First, the figures are estimates, not an exact census of the block chain.
River is based on a combination of wallet labeling, public disseminations and external databases, which may lose some holdings or erroneously classify certain addresses. Secondly, net tickets are not always equal to the direct purchase of spots. A commercial wallet showing +1,755 BTC per day could reflect OTC transactions, custody transfers or treasure reorganization, not just exchange purchases.
For readers who are not familiar with flow diagrams, the point is this: the lines show where the currencies end up in equilibrium, not all shops or transfers in the system. If more currencies end up constantly in business, the background and government wallets that the miners are producing, River argues that the institutions are hardening the supply to the margin.
The snapshot of River is not a prognosis of prices, but illustrates how property patterns may be changing. If companies and funds continue to absorb more than the miners produce, the firm argues, the institutions could play a more important role in the configuration of Bitcoin’s supply dynamics.
