Big institutions already hold so much Bitcoin

Source: C Labs Crypto Observation

As of November 26, 2024, 93 major institutions hold more than 2.8 million bitcoins, worth $260 billion, accounting for 13.4% of the total bitcoin supply.

If this continues, will bitcoin be hyped up by these institutions?

By business classification, the top Bitcoin holdings are ranked as follows:

The first industry is ETF, which already holds 5.97% of Bitcoin

The top ETFs are all from the United States, so most ETFs are established in 2024.

Among them, BlackRock alone has won 40% of the market share of the entire Bitcoin ETF industry, holding nearly 500,000 Bitcoins, and is the largest buyer of Bitcoin this year.

The second industry is governments:

The first place is the United States, holding about 1% of Bitcoin. If a federal reserve is established in the future, the proportion of holdings may increase.

According to reports in 2022, the Chinese government still holds 194,000 bitcoins, but there are also data showing that many bitcoins may have been sold in the past two years. Where did China's 190,000 bitcoins go?

Ukraine, which is at war, actually has more than 40,000 bitcoins, ranking fourth among all governments. It seems that the Ukrainian government is still very visionary.

The German government liquidated its bitcoins in the middle of this year. The SB who made the decision at the time may be patting his thigh now.

The third-ranked industry is the listed company group:

The first place is the famous MicroStrategy Company, which holds 386,700 bitcoins, more than the US government.

Interestingly, Tesla ranks fourth on this list, holding 9,720 bitcoins, second only to Mara and Roit, which are miners, and surpassing Coinbase.

Major private companies also hold more than 300,000 bitcoins, and these companies are mainly in the crypto industry:

Block.one, which ranks first, was originally engaged in EOS, but now it has made a lot of money by holding BTC, and the number of BTC it holds has surpassed Tether.

Relatively speaking, major mining companies do not hold many bitcoins, and Marathon, which ranks first, only has more than 30,000 bitcoins.

The total number of major mining farms is less than 70,000, and the pricing power of mining farms over Bitcoin is getting weaker and weaker~