Bloomberg: 7% of Bitcoin supply is held in cold storage by one company
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According to Cointelegraph, Bloomberg quoted anonymous sources on May 9 as saying that Bitcoin storage provider Xapo currently holds about 7% of the world's total Bitcoin in its vaults, "roughly" equivalent to $10 billion. This massive demand for Bitcoin cold storage reportedly has the company’s “deposits” exceeding 98% of the deposits in 5,670 U.S. banks. |
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