Block, Inc. shareholder letter and why it's important
Analysis to come.
Q1 2024 shareholder letterBitcoin Institutional Report
The inaugural Bitcoin Institutional Report for April 2024 is now available.
Key highlights from the report:
- As of the end of March 2024, 2.45m of bitcoin – valued at US$170b – was estimated to be held by large institutions
- This represents approximately 12% of the maximum 21m supply of bitcoin
- The three largest active institutional holders are Grayscale Bitcoin Trust, iShares Bitcoin Trust and MicroStrategy
- As a category, investment funds were the biggest holders of bitcoin among large institutions at 40% of the institutional total