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DAT BTC % of Supply

DAT BTC as % of circulating supply

PropertyValue
CategoryDigital Asset Treasuries
UnitDimensionless
Resolution1d
AssetsBTC
TierBasic
API EndpointGET /v1/dat/aggregate
Fieldpct_of_supply

Overview​

DAT BTC % of Supply measures what fraction of the total circulating Bitcoin supply is held by tracked institutional entities. This metric quantifies the structural impact of institutional and sovereign Bitcoin adoption on available supply.

Institutional and government holdings represent a significant and growing portion of Bitcoin that is effectively removed from liquid circulation.

Formula​

Pct of Supply=Total DAT BTCCirculating Supply×100\text{Pct of Supply} = \frac{\text{Total DAT BTC}}{\text{Circulating Supply}} \times 100

Interpretation​

  • Rising percentage: Institutional entities are absorbing supply faster than new Bitcoin is mined. This tightens available supply for other market participants.
  • Above 10%: A significant threshold — over one-tenth of all Bitcoin is held by identifiable institutional/sovereign entities.
  • Combined institutional share: When added to ETF holdings, the total institutional share of supply continues to grow — a fundamental shift in market structure.
  • Declining percentage: Either entities are selling or circulating supply is growing faster than institutional accumulation (post-halving dilution effect diminishes over time).

Use Cases​

  • Supply scarcity analysis: Track structural supply reduction from institutional treasuries.
  • Market structure evolution: Monitor the shift from retail-dominated to institution-dominated Bitcoin ownership.
  • Combined institutional share: Add ETF holdings percentage for total institutional supply absorption.
  • Halving impact: After each halving, the rate at which institutional absorption exceeds new issuance accelerates.

API Usage​

curl -H "Authorization: Bearer YOUR_API_KEY" \
  "https://api.blocklens.co/v1/dat/aggregate?start_date=2024-01-01&end_date=2024-12-31&limit=365"