[VanEck: Institutional demand for BTC over the past year was approximately 6.7 times its production] Golden Finance reported that on September 23, VanEck published an article stating that over the past year, corporations have accumulated more than 709,000 bitcoins (approximately $83 billion). Currently, more than 290 companies hold bitcoins valued at over $163 billion. During the same period, only 270,000 bitcoins were mined, meaning corporate demand growth is approximately 4.3 times the production rate of bitcoin. When considering bitcoins held by ETPs, other funds, and governments, total institutional demand growth is approximately 6.7 times the production rate. The accelerated purchase of bitcoin by institutional investors indicates their increasing recognition of its deflationary supply, which grants bitcoin its unique value storage properties. From now until the next halving expected in April 2028, bitcoin production will amount to only about 430,000 coins. During the next halving cycle (2028–2032), bitcoin production will total approximately 330,000 coins. In the 100+ years following 2032, total bitcoin production will amount to only about 330,000 coins.