• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

MicroStrategy May Become the Largest Institutional Holder of Bitcoin, Overtaking Grayscale

user avatar

by Giorgi Kostiuk

2 years ago

MicroStrategy is on the verge of surpassing Grayscale and becoming one of the largest institutional holders of Bitcoin.

MicroStrategy's Increasing Bitcoin Holdings

According to its latest regulatory filing on September 20, MicroStrategy holds 252,220 BTC, or 1.2% of the total supply of 21 million BTC.

Grayscale's Asset Decline

Grayscale held 620,000 BTC before the launch of its US spot BTC ETFs in January, and the approval has led to a reduction in its holdings to just over 254,000 BTC. Grayscale’s GBTC has seen a sustained outflow of assets, while its more competitive Bitcoin Mini Trust currently holds 33,753 BTC.

MicroStrategy's Strategy and Prospects

MicroStrategy recently raised more than $1 billion in capital, which analysts believe will likely be used to purchase additional BTC. This acquisition would make MicroStrategy the fifth-largest Bitcoin holder globally, surpassed only by BlackRock, Binance, Coinbase, and BTC founder Satoshi Nakamoto.

If the current trends continue, MicroStrategy is set to surpass Grayscale and become the largest institutional holder of Bitcoin, reinforcing its position in the cryptocurrency market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana's Quantum Readiness Strategy Under Scrutiny

chest

Solana's quantum readiness strategy is under scrutiny following Anatoly Yakovenko's comments on the need for a multi-scheme approach to enhance security against AI threats.

user avatarLeo van der Veen

South Korean Exchanges Win Temporary Relief from Regulatory Sanctions

chest

Three major South Korean crypto exchanges, Upbit, Bithumb, and Coinone, have secured temporary court relief from sanctions related to existing anti-money laundering requirements.

user avatarLi Weicheng

Anatoly Yakovenko Raises Concerns Over AI's Impact on Post-Quantum Cryptography

chest

Solana cofounder Anatoly Yakovenko warns that AI could expose vulnerabilities in post-quantum signature schemes, emphasizing the need for a robust security design.

user avatarMaya Lundqvist

DAXA Challenges New Anti-Money Laundering Regulations in South Korea

chest

DAXA opposes proposed changes to South Korea's anti-money laundering regulations, citing concerns over excessive reporting requirements.

user avatarAisha Farooq

MoneyGram's Stablecoin Service Expands to Colombia and El Salvador

chest

MoneyGram has launched its stablecoin service in Colombia and expanded to El Salvador, providing financial solutions for underserved markets in Latin America.

user avatarTenzin Dorje

Stellar Network Surpasses 1 Billion in Real-World Assets

chest

The Stellar network has crossed the 1 billion mark in real-world assets, indicating significant growth and momentum.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.