Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply

Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply

The growing appetite of institutional investors means companies now hold more than 460,000 BTC, which is 3% of the total supply in circulation. Institutional investors are rapidly gobbling up Bitcoin, and at the time of writing, nearly 3% of the Bitcoin (BTC) in circulation are locked up in long-term holdings by these investors.Data shows that 24 entities have amassed more than 460,500 BTC, which is equivalent to $22 billion at Bitcoin's current price.According to Michael Novogratz, this figure excludes the 3 million BTC forever lost, who estimates that a supply shortage could occur....


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