BlackRock and MicroStrategy, led by Michael Saylor, now control over 1.29 million bitcoins, indicating the growing influence of institutional investors in the crypto market.
Overview of Bitcoin Holdings
The combined holdings of BlackRock and MicroStrategy amount to 1,297,325 BTC, which is valued at $140.8 billion. This figure represents 6.18% of Bitcoin's fixed supply of 21 million.
Institutional Players in the Bitcoin Market
The entry of giants like BlackRock with their Bitcoin ETF highlights the transition of Bitcoin from a retail-driven asset to one of interest for major financial institutions. MicroStrategy continues to treat Bitcoin as a strategic treasury reserve.
The Future of Bitcoin Amid Institutional Investments
As the available supply of Bitcoin held by just two major players decreases, there is potential for price growth. Concurrently, questions about centralization and control arise with the increase in institutional investments.
It is clear that the era of institutional dominance in Bitcoin has begun, highlighting a shift in the perception of cryptocurrency in traditional markets.
