Bitcoin Breaks Record Again, Touches $125,899 as Supply Tightens

The world’s largest digital asset has been on a tear this year, fueled by an unprecedented wave of spot bitcoin exchange-traded fund (ETF) inflows and corporate treasury allocations that have tightened the market’s supply. Institutional demand has intensified since January, with companies stacking bitcoin on balance sheets to hedge against inflation and diversify holdings. Each price milestone has chipped away at the remaining supply, leaving only 1,068,971.85 bitcoin yet to be mined—less than 5% of the total 21 million cap.

The scarcity narrative continues to drive investor enthusiasm, while ETF volumes suggest that accumulation isn’t slowing. With demand soaring and new issuance dwindling post-halving, bitcoin’s fresh all-time high cements its 2025 rally as one of the strongest in its history.