Big institutions already hold so much Bitcoin

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

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

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

The top sector is ETFs, which already hold 5.97% of Bitcoin

The top ETFs with the largest holdings are all from the United States, so most ETFs were established in 2024.

Among them, BlackRock alone has taken 40% of the market share of the entire Bitcoin ETF industry and holds nearly 500,000 bitcoins, making it the largest buyer of Bitcoin this year.

The second-largest industry is governments:

The United States ranks first, holding about 1% of Bitcoin. If a federal reserve is established in the future, the proportion of holdings may increase.

According to reports in 2022, the Chinese government still holds 194,000 bitcoins, but there are also data showing that a lot of bitcoins may have been sold in the past two years. Where did China's 190,000 bitcoins go?

Ukraine, which is at war, actually has more than 40,000 bitcoins, ranking fourth among all governments. It seems that the Ukrainian government is very foresighted.

The German government liquidated its Bitcoin holdings in the middle of this year, and the idiot who made the decision at the time may be slapping his thigh now.

The third-ranked industry is the listed companies group:

Ranked first is the famous MicroStrategy, which holds 386,700 bitcoins, more than the US government.

Interestingly, Tesla ranks fourth on this list, holding 9,720 bitcoins, second only to Mara and Roit, which are miners, and surpassing Coinbase.

Major private companies also hold more than 300,000 Bitcoins, mainly in the crypto industry:

Block.one, which ranks first, originally worked on EOS, but now it has made a fortune by holding BTC. The amount of BTC it holds even exceeds that of 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 bitcoins produced by major mining farms is less than 70,000. The pricing power of mining farms over bitcoins is getting weaker and weaker.