Institutional investors now hold 31% of known Bitcoin, a significant jump from 14% in 2023. This surge is largely attributed to spot Bitcoin ETFs, government acquisitions, and MicroStrategy's expansion of its Bitcoin strategy. Spot Bitcoin ETFs have attracted billions from traditional financial institutions, while MicroStrategy's treasury, holding roughly 2% of Bitcoin's circulating supply, is worth $46.15 billion. Other notable holders include Block.one, Tether, SpaceX, and various governments, with the U.S. leading the pack.
Institutional investors now account for 31% of all known Bitcoin holders, reflecting a sharp increase from 14% in 2023.
The uptick has been largely driven by spot Bitcoin exchange-traded funds , government acquisitions, and MicroStrategy’s ramping up of its BTC strategy, which has seen its stashby CryptoQuant CEO Ki Young Ju, most of the known Bitcoin holdings are in the hands of miners and crypto exchanges. However, MicroStrategy, ETFs, and several governments have eaten into their shares.
Launched earlier in the year, spot BTC ETFs have seen billions of dollars in inflows from traditional financial institutions, with the likes of BlackRock’s iShares recording a staggering $1.4 billion in net weekly inflows as of mid-December. Collectively,MicroStrategy is also a major holder of the number one cryptocurrency. Its treasury, consisting of roughly 2% of BTC’s circulating supply, is worth $46.15 billion.
El Salvador, which became the first country in the world to adopt Bitcoin as legal tender, boasts nearly 6,000 coins, much of itunder President Nayib Bukele’s Bitcoin per day policy. In total, about 2.45% of the cryptocurrency’s circulating supply, valued at $49.36 billion, is controlled by states.What Is Sui Network : The Ultimate Guide in 2024One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted.
BITCOIN INSTITUTIONAL INVESTORS Etfs MICROSTRATEGY GOVERNMENT HOLDINGS
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