Bitcoin accumulation: it’s still everyone’s game
Bitcoin whales from ancient times of 2010s are not the only ones amassing big amounts of BTC.
Companies and asset managers that came much later are now becoming players to be reckoned with, holding over 6% of BTC supply (data by Buy Bitcoin Worldwide).
4.3% are held by 14 financial institutions, with Grayscale Bitcoin Trust as uncontested leader holding by itself 3% (~$32Bn)
1.1% is held by 34 public companies, including Microstrategy – the one that actually launched the “crypto for treasury” trend (~$5.3Bn), and Tesla (~$2.1Bn)
0.9% is held by private companies, with Block.One leading (~$6.8Bn)
These percentages can be even higher if the actual supply of 18.8M is adjusted to remove all the bitcoins that are estimated to be lost forever – which is around 20%.
Institutional interest in crypto keeps on rising, but we believe that we are still in the early times of bitcoin accumulation, and its decentralized nature allows individuals all over the world to invest in it any amount they wish, whatever small. So it’s still everyone’s game.
