Currently, approximately 900 new Bitcoins are mined daily, which amounts to around 6.25 BTC per block, with a block being mined every 10 minutes.
This consistent flow of newly mined coins adds to the overall supply in circulation. While the halving event in 2024 will reduce the daily supply to about 450 BTC, this ongoing supply, paired with fluctuating demand, impacts Bitcoin's price.
If demand remains stagnant or declines due to macroeconomic factors or reduced investor interest, the increasing supply from mining could exert downward pressure on the price, particularly if large amounts of newly mined BTC flood the market for sale. The regular release of new coins also means that speculators and miners may adjust their positions based on anticipated price movements, contributing further to market volatility.
As for mining operations, the company that currently mines the most Bitcoin daily is Marathon Digital Holdings. As one of the largest Bitcoin mining firms globally, Marathon continues to expand its mining capacity, utilizing large-scale facilities powered by renewable energy sources to ensure profitability. Marathon's mining operations, along with other major players in the industry, significantly influence Bitcoin's supply, and their decisions on how much to hold or sell can create additional pressure on the market. If major mining companies decide to offload substantial amounts of $BTC to capitalize on higher prices or in response to reduced profitability, it could further contribute to a price decline, especially if the broader market sentiment remains negative.
