Bitcoin buying demand far exceeds supply, supporting long-term gains

BlockBeats news, on December 11, according to HODL15Capital statistics, the demand for buying Bitcoin in the market is far greater than the supply, and only 450 Bitcoins are mined per week.

Last week, the US Bitcoin spot ETF purchased 28,600 Bitcoins, MicroStrategy (MSTR) purchased 21,550 Bitcoins, and MARA Holdings (MARA) purchased 11,774 Bitcoins with $1 billion from its zero-interest convertible bond issuance.

So far this week, the US Bitcoin spot ETF has purchased 9,290 Bitcoins, Riot Platforms (RIOT) announced the issuance of $500 million in convertible senior notes for the purchase of Bitcoin, and MicroStrategy (MSTR) still has $28 billion in authorized BTC purchases remaining.