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Bitcoin

Nearly 700,000 BTC Now Held by Corporations

By admin
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Nearly 700,000 BTC Now Held by Corporations

According to data provided by Bitwise, corporations now own a whopping 688,000 Bitcoins.

This represents a 16.11% quarter-over-quarter increase compared to Q4.

The total holdings of corporations now represent 3.28% of Bitcoin’s total supply, which is capped at 21 million coins.

The value of their Bitcoin holdings stood at $57 billion at the end of the first quarter.

It is worth noting that 12 additional public companies purchased Bitcoin in the first quarter of the year.

Strategy, which recently announced yet another Bitcoin purchase, remains the top holder by a large margin.

Source

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