Supply shock is no longer a theory — it’s in motion.
May stats are clear: 52K BTC absorbed by spot ETFs vs. 11K mined. That’s a 4.7x imbalance.
Meanwhile:
Exchange balances drop to just 107K BTC — lowest in years.
Sovereign adoption ramps up:
• UAE joining the buy + mine club
• Singapore at 68% BTC allocation
• Mining no longer just a private game — nations now competing for block rewards.
Reality check:
Microsoft holds 576K BTC — that’s more than 3x the next 10 largest holders combined (171K total).
We're in unprecedented territory.
Scarcity meets institutional & sovereign demand. Buckle up.
