Today, the price of Bitcoin exceeded $97,000, setting a new record high. At the same time, more and more voices are calling for Bitcoin to be included in national reserve assets. Data shows that more than 2.7 million Bitcoins are held by 93 different entities around the world, accounting for 13% of the total supply of Bitcoin! In this bull market, institutions are gradually replacing retail investors and becoming the dominant force in the market.
ETF holdings are strong, and IBIT leads the trend
Bitcoin spot ETFs have become the first choice for institutional funds to flow in. BlackRock's IBIT holds more than 475,000 bitcoins, far ahead of all other ETFs, accounting for nearly 39% of all ETF holdings. With the surge in the cumulative trading volume of Bitcoin ETFs, the participation of traditional financial institutions has also made Bitcoin's market position more stable.
The national team is here too: the US, China and the UK hold half of the market
Nine countries hold a total of about 530,000 Bitcoins, with the United States, China and the United Kingdom leading the way. Many people may wonder why these countries hold Bitcoins? In fact, most Bitcoins are obtained through law enforcement actions, with Bhutan and El Salvador being exceptions, which actively add Bitcoins through mining or real money purchases.
Frenzy of holdings by listed companies and mining companies
When it comes to Bitcoin enthusiasts among listed companies, MicroStrategy must be mentioned, holding more than 331,000 Bitcoins, accounting for almost 75% of the holdings of listed companies. Bitcoin mining company Marathon Digital also holds more than 26,000 Bitcoins. The increasing holdings of mining companies have made the supply of Bitcoin increasingly scarce.
Private companies are not far behind
Private companies such as Block.one and Tether have also joined the ranks of Bitcoin reserves, with reserves worth over US$34.8 billion, which are gradually injecting more confidence into the market.
These holdings imply the market's great confidence in the future of Bitcoin. For ordinary investors, it is particularly important to understand market trends and see the movements of giants.
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The above content is for information sharing only and does not constitute any investment advice! Investment is risky, so be cautious when entering the market!
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