In February 2021, Tesla announced a $1.5 billion purchase of Bitcoin, shocking the financial world. However, since then, there has been a decline in the number of large Bitcoin wallets.
A New Reality for Large Investors
Following Tesla's purchase, the number of wallets holding more than 1,000 BTC, typically associated with large institutional investors and crypto stakeholders, has been steadily decreasing. This may indicate changes in the strategies of large holders.
Periods of Growth and Decline
According to the report, the only significant growth period for such wallets occurred during the approval of spot Bitcoin ETFs in early 2024. However, after a brief surge, stagnation has been observed, raising questions about the long-term interest of large investors.
Changing Strategies of Holders
The decline in the number of large wallets may also reflect a more diversified investor base, increased use of custodial and institutional trading services, or a growing trend of large holders splitting their assets across multiple addresses.
The situation with Bitcoin holders after Tesla's purchase raises questions about traditional investment approaches and indicates possible long-term shifts in market structure.
