The logic behind this surge in Bitcoin! According to statistics from asset management company Bitwise, the amount of Bitcoin purchased by enterprises within 2025 has exceeded three times the new supply of Bitcoin, with companies increasing their holdings by 205,507 Bitcoins this year, while the new supply of Bitcoin is 64,556. This only includes the purchases disclosed by listed companies and does not account for private companies. This Bitcoin bull market is a market driven by institutions and companies hoarding Bitcoin, leading to a decrease in the amount of Bitcoin held by retail investors.