According to BlockBeats news on December 20, citing the latest report from K33 Research, institutional investors purchased a total of 859,454 Bitcoins in 2024, accounting for approximately 4.3% of the total circulating supply, equivalent to the issuance of Bitcoins over 8 years. Among them, spot ETF funds accumulated an additional 561,781 Bitcoins, and the total management scale of U.S. ETFs has reached 1.4 million Bitcoins, with BlackRock's IBIT holding the largest amount at 542,653, valued at approximately 54 billion dollars.

In terms of listed companies, a total of 297,673 Bitcoins were increased in 2024, among which MicroStrategy purchased nearly 250,000 through an aggressive financing strategy, currently holding a total of 439,000. The report indicates that despite approximately 230,000 Bitcoins coming from bankruptcies and seized assets (including Mt. Gox and the German government) this year, institutional demand effectively absorbed the selling pressure. Currently, about 22% of the circulating supply can be traded in the market, close to the peak levels of 2021.