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but also enable operations including KYC, essential for new project account farming, etc.,
and can easily unlock region-restricted services like OpenAI/Claude/X/YouTube, etc. 👇👇👇
According to Bitcoin Treasuries data cited by Cryptoslate, the number of Bitcoins held by publicly traded companies reached 592,112 BTC in 2024. Bitwise Research Director Ryan Rasmussen emphasized that this figure is double the total amount of Bitcoins accumulated by institutions over the past five years. On January 1, 2024, publicly traded companies held 272,777 BTC.
There were two significant accumulation leaps in 2020 and 2021. In the first year of the COVID-19 pandemic, institutional holdings of Bitcoin approached 100,000 coins. The following year, this number increased significantly as corporate holdings exceeded 200,000 coins. However, as publicly traded companies liquidated part of their Bitcoin reserves, this momentum was temporarily interrupted, nearly falling below the 200,000 BTC threshold. The accumulation actions resumed in 2023 and surged sharply last year. Notably, Rasmussen pointed out that if Strategy's reserves are excluded, this number would be 'greatly reduced.' The company, led by Michael Saylor, had over 499,000 BTC in its treasury as of March, having added 257,095 BTC through 16 purchases last year. Rasmussen added that as of March 6, publicly traded companies held Bitcoin worth $52 billion, accounting for 3% of the total Bitcoin supply.
In 2024, the number of Bitcoins held by institutional investors also saw significant growth. As of December 31, 2024, private companies, ETP managers, governments, and publicly traded companies held 2,802,135 BTC, up from 1,622,439 BTC at the beginning of last year. This growth was primarily due to governments and ETP managers. At the beginning of last year, governments' treasuries held 90,379 BTC, and by the end of the year, this number had increased to 513,791 BTC. Meanwhile, the number of Bitcoins held by asset management companies rose from 771,013 BTC during the same period to 1,289,031 BTC, while private companies reduced their Bitcoin holdings from 488,270 BTC on January 1, 2024, to 407,201 BTC by the end of last year.
According to Spot On Chain monitoring, a wallet associated with Ethermine that was created 7 years ago became active again after being dormant for 3 years and withdrew 2,692 ETH from OKX, approximately 5.01 million US dollars.
The wallet had previously been in a partially dormant state for a long time, and it is unclear where the subsequent funds will go.
Why didn't it rebound and just went down... I didn't reach my position
抛币引玉
10 Mar
The US stock market opened tonight, and it may reach today's highest point before 20:00, then start to fall when the market opens. I'll take a short position later to verify my judgment. (There's no way the spot market is plummeting, and I can't just sit idle....) 😭
The US stock market opened tonight, and it may reach today's highest point before 20:00, then start to fall when the market opens. I'll take a short position later to verify my judgment. (There's no way the spot market is plummeting, and I can't just sit idle....) 😭
Why are there more and more titles recently in the crypto world like 'from debt of xxx to earning tens of millions or even billions'? It's really eye-watering.