Bitcoin Supply

Over the last 2 months, Microstrategy has purchased about 170,500 bitcoin.

This works out to around 2,800 per day. If the new bitcoin supply is 450 per day, this means Microstrategy (theoretically) is gobbling up 6x the daily supply.

If you told me a year ago that this was going to happen, I’d predict a bitcoin price much higher than 100k. Where the hell is all the supply coming from? Who’s selling? Are the miners selling their holdings?

Is the U.S. or China dumping their coins on the down low?

When you consider the buying pressure from etfs and other companies buying bitcoin, it gets more difficult to understand.