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Bitcoin Institutional Report
The inaugural Bitcoin Institutional Report for April 2024 is now available.
Key highlights from the April 2024 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
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About the Report
The Bitcoin Institutional Report is a quarterly report covering the adoption of bitcoin by large institutions – including public and private companies, governments, and investment funds.