Bitcoin buying demand far exceeds supply, long-term upward trend supported
On December 11, according to statistical data, the buying demand for Bitcoin in the market far exceeds its supply, with only 450 Bitcoins mined each week.
Last week, the U.S. Bitcoin spot ETF purchased 28,600 Bitcoins, MicroStrategy (MSTR) bought 21,550 Bitcoins, and MARA Holdings (MARA) purchased 11,774 Bitcoins using the $1 billion raised from its zero-coupon convertible bond issuance.
So far this week, the U.S. Bitcoin spot ETF has purchased 9,290 Bitcoins, Riot Platforms (RIOT) announced the issuance of $500 million in convertible senior notes for the purpose of buying Bitcoin, and MicroStrategy (MSTR) still has $28 billion authorized BTC purchase capacity remaining.
