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Data Shows Companies Hoard More Than $15.5 Billion Worth of BTC

Mary Liu

Summary: Public companies and institutional investors are hoarding Bitcoin.  According to data from the Bitcointreasuries, as of November 20, 2020, companies' BTC treasuries reach as high as 842,229, accounting for 4.01% of the current Bitcoin supply. If calculated with the price of $18,500, the total value exceeds $15.5 billion.  By Mary Liu

Public companies and institutional investors are hoarding Bitcoin. 

According to data from the Bitcointreasuries, as of November 20, 2020, companies' BTC treasuries reach as high as 842,229, accounting for 4.01% of the current Bitcoin supply. If calculated with the price of $18,500, the total value exceeds $15.5 billion. 

By Mary Liu

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