• 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

a year 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

Shiba Inu Shorts Liquidated in Dynamic Squeeze

chest

Shiba Inu has experienced a significant rally, resulting in the liquidation of shorts worth $50,000 in just 24 hours.

user avatarMiguel Rodriguez

Generation Z Faces Severe Challenges in Home Affordability

chest

Generation Z is facing severe challenges in affording housing, with many resorting to significant sacrifices. Reports indicate that potential homebuyers may need to earn $111,000 a year to afford a typical home in the US, which is $25,000 more than the median household income. To cope with these high costs, Gen Z is making drastic lifestyle changes, including selling their belongings, moving back in with their parents, and taking on side hustles.

user avatarArif Mukhtar

US Housing Crisis Reaches New Heights of Unaffordability

chest

The US housing crisis has intensified, with nearly half of Americans struggling to afford rent or mortgage payments.

user avatarLuis Flores

Intensified Negotiations on Stablecoin Yield in CLARITY Act Discussions

chest

Intensified negotiations on stablecoin yield rewards and potential compromises in the CLARITY Act discussions.

user avatarMaria Gutierrez

USDC Gains Popularity Amid Middle East Banking Disruptions

chest

The ongoing conflict in Iran has led to increased use of USDC for remittances and cross-border transactions.

user avatarAndrew Smith

Circle's Arc Blockchain Protocol Designed for AI-Driven Transactions

chest

Circle is developing its Arc blockchain protocol to support automated payments facilitated by AI.

user avatarJacob Williams

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.