Source: C Labs Crypto Observation

As of November 26, 2024, 93 leading institutions hold more than 2.8 million Bitcoins worth US$260 billion, accounting for the total number of Bitcoins. 13.4% of the amount.

If this continues, Bitcoin will be speculated to the sky by these institutions, right?

By business classification, the top holdings of Bitcoin are ranked as follows:

The number one industry is ETF, which already holds 5.97% of Bitcoin.

The ETFs with the top holdings are all American, so most ETFs will open positions in 2024.

Among them, BlackRock has single-handedly captured 40% of the market share of the entire Bitcoin ETF industry, holding nearly 500,000 Bitcoins, and is the largest buyer of Bitcoin this year.

The second-ranked industry is various countries:

The first place is the United States, which holds about 1% of Bitcoins. If the federal reserve is established in the future, the proportion of positions may increase.

According to reports in 2022, it still holds 194,000 Bitcoins, but some data also indicate that many Bitcoins may have been sold in the past two years. Where did the 190,000 Bitcoins go?

Ukraine, which is currently at war, actually has more than 40,000 Bitcoins, ranking fourth among all countries. It seems that Ukraine is still very discerning.

Germany cleared Bitcoin in the middle of this year, and SB, which made the decision at the beginning, may be taking advantage of it now.

The third-ranked industry is the group of listed companies:

The first-ranked industry is the famous Micro Strategy Company, which holds 386,700 Bitcoins. More than the United States holds.

What’s interesting is that Tesla ranks fourth on this list, holding 9,720 Bitcoins, second only to mining Mara and Roit, and surpassing Coinbase.

Major private companies also hold more than 300,000 Bitcoins. These companies are mainly in the encryption industry:

The number one Block. One was originally engaged in EOS, but now it has made a lot of money by holding BTC without moving. The number of BTC it holds actually exceeds Tether.

Relatively speaking, the major mining companies do not hold many Bitcoins. Marathon, which ranks first, only has more than 30,000 Bitcoins.

The total number of major mining farms is less than 70,000, and the mining farms’ pricing power over Bitcoin is getting weaker and weaker~