MCS | How Many Bitcoin (BTC) Do Institutions Have?

MCS (MyCoinStory)
Dec 23, 2020 · 2 min read

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The “$20K Era” of Bitcoin (BTC) has reopened. After surpassing $20,000 on the 16th, the price of Bitcoin (BTC) is aiming for the $24,000 breakthrough since the 21st. Previously, we posted an article regarding the reasons of Bitcoin (BTC) price rising, and the rise of the Bitcoin (BTC) price this time is largely caused by the funds from institutions. So, how many Bitcoin (BTC) do institutions have?

Bitcoin Treasuries ( Bitcointreasuries.org) provides the current status of Bitcoin (BTC) holdings by institutions.

Source: Bitcointreasuries.org

In the table above, MicroStrategy inc., a well-known individual company, holds 40,824 BTC. Also, in the case of Grayscale Bitcoin Trust, which is famous for its Bitcoin Trust Fund (GBTC), the size of the fund is growing rapidly thanks to the price rise of Bitcoin (BTC). According to the table, the Grayscale Bitcoin Trust has 546,544 Bitcoin (BTC) holdings, and the growth rate is very fast.

Of course, the information provided does not represent the statistics of all institutions, nor does it accurately represent the figures of the OTC market. However, we think it can be helpful in understanding the degree of movement of the institution and reading the market.

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Thank You.

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Originally published at https://blog.mycoinstory.com on December 23, 2020.

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MyCoinStory

MCS (MyCoinStory) is a Cryptocurrency Derivatives Trading Platform built to cater for traders of all kind. Currently offering 24/7 Customer Support and up to 100x Leverage on BTC/USDT trading pairs.

MCS (MyCoinStory)

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Cryptocurrency Derivatives Trading Platform built to cater to traders of all kinds

MyCoinStory

MCS (MyCoinStory) is a Cryptocurrency Derivatives Trading Platform built to cater for traders of all kind. Currently offering 24/7 Customer Support and up to 100x Leverage on BTC/USDT trading pairs.