Who are the major institutional holders of Bitcoin
Bitcoin – Pixabay
Over the past year, a growing number of financial institutions or companies related to the investing sector have decided to invest in the world of virtual currencies, focusing their assets on Bitcoin.
Who are the major institutional investors now, at a time when Bitcoin touched $ 60,000 and then retreated to $ 57,000, but remaining at levels never seen before?
Of course we are talking about known holders of Bitcoin, nothing prevents someone from owning large quantities of BTC without this being known to the public. So here we focus on investors who are obligated to disclose their holdings of the currency on a periodic basis usually every quarter. And here are the names:
The Grayscale Bitcoin Trust is the largest institutional holder of BTC, with over $ 31.5 billion worth of Bitcoin in its possession as of December 31, 2020, so the second fund is Microstrategy with $ 3.4 billion and Coinshares with $ 3 54. Tesla is only in fifth position.
If we consider the institutional ownership total in Bitcoin, we have the following situation:
The useful data stops at 31 December 2020 and we see how 2020 has seen a real explosion of purchases and holdings by institutions.
Can anyone who does not have huge amounts to invest be able to take advantage of these shares of big investors? Yes, if he acts with intelligence and skill. This is the price trend of BTC before and after the announcement of purchases by an institutional investor.
The value of the Grayscale fund has obviously exploded, given the number and value of BTC owned. This graph shows the value of the funds in dark blue and the number of BTCs held in light blue. Interestingly, Grayscale has lightened its position recently.
Grayscale's purchases, as you can see, were made with great timeliness during 2020. Congratulations to the managers who acted with almost perfect timing.
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The article Which are the major institutional holders of Bitcoin comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/quali-sono-i-maggiori-possessori-istituzionali-di-bitcoin/ on Sun, 21 Mar 2021 19:47:19 +0000.