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Data: Institutions Increase Holdings of 166,000 BTC in July, Totaling $42.8 Billion
Summary: According to reports from The Block, institutional investors accumulated 166,000 bitcoins in July, bringing the total holdings to 3.64 million bitcoins (worth $42.8 billion). Publicly listed companies contributed approximately 107,000 bitcoins to the increase, with MicroStrategy leading the way with an additional 31,400 bitcoins, bringing their total holdings to 628,700 bitcoins. A survey revealed that ...
According to reports from The Block, institutional investors accumulated 166,000 bitcoins in July, bringing the total holdings to 3.64 million bitcoins (worth $42.8 billion). Publicly listed companies contributed approximately 107,000 bitcoins to the increase, with MicroStrategy leading the way with an additional 31,400 bitcoins, bringing their total holdings to 628,700 bitcoins. A survey revealed that nearly half of institutional investors expect 10% of S&P 500 companies to allocate Bitcoin assets. In addition to Bitcoin, institutional holdings of other cryptocurrencies like Ethereum and Solana are also increasing, with Ethereum reserves exceeding $10 billion and Solana-related holdings reaching $554 million.
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Link: Data: Institutions Increase Holdings of 166,000 BTC in July, Totaling $42.8 Billion [Copy]
