🎉 Good news for Bitcoin enthusiasts! Now, 31% of all known Bitcoin holders are institutional investors, up from 14% in 2023. What's the secret? It turns out, spot Bitcoin ETFs, government purchases, and MicroStrategy's aggressive strategy are the main drivers.
- MicroStrategy now holds over 440,000 BTC, equivalent to 2% of the total BTC supply in circulation. Wow, who would have thought this company could be the largest Bitcoin "collector"?
- Spot Bitcoin ETFs are attracting billions of dollars from traditional financial institutions. BlackRock's iShares alone recorded $1.4 billion in a week! 🚀
- Governments are also getting in on the act, with the US leading the way with 198,109 BTC. Even China and Bhutan have impressive Bitcoin stashes.
What do you think? Is this a good sign for the future of Bitcoin? Let's discuss in the comments column!