💥 Bitcoin holdings reshuffle!
The latest data shows that as of September 1, 2024, BlackRock's IBIT has become the world's largest institutional Bitcoin holder, holding up to 357,509 Bitcoins! 🚀
MicroStrategy is not to be outdone, surpassing Grayscale's GBTC (225,671) with 226,500 Bitcoins, ranking second📈. Fidelity's FBTC ETF ranks fourth with 178,349 Bitcoins, while stablecoin giant Tether holds 75,354 Bitcoins, ranking fifth.
It is worth noting that MicroStrategy announced its transformation into a "Bitcoin Development Company" earlier this year and has been the largest known institutional holder before the emergence of Bitcoin ETFs.
Viewpoint analysis:
Institutional giants continue to increase their Bitcoin holdings, which shows that they are confident in the long-term potential of cryptocurrencies💪. But at the same time, as market leaders increase their holdings, market volatility may also increase📊. For cryptocurrency investors, this is both an opportunity and a challenge - it is particularly important to find a balance amid market uncertainty ⚖️.
