PK Press Club – Institutional adoption of (BTC) continues to accelerate, with treasuries now collectively holding 3,000,000 worth of BTC valued at $317 billion. This represents 14% of the total supply that will one day exist, reveals self-proclaimed Bitcoin historian Pete Rizzo.
MicroStrategy remains the largest holding company, having recently acquired an additional 11,000 BTC for $1.1 billion at an average price of $101,191 per BTC. The company’s total holdings now stand at 461,000 BTC, worth approximately $29.3 billion, with an average acquisition cost of $63,110 per BTC.
Other notable holders include MARA Holdings, a major Bitcoin mining company, which ranks second, with 44,893 BTC valued at $4.65 billion. Riot Platforms (NASDAQ:), another mining company, follows in third place, with 17,722 BTC worth around $1.84 billion.
A broader analysis shows that the structure of these institutional participations is diversified. Spot Bitcoin ETFs represent 1,307,868 BTC, with BlackRock (NYSE:) controlling a significant portion of this category, holding 563,134 BTC valued at $58.29 billion. Public companies, including MicroStrategy, collectively hold 608,381 BTC.
Governments, such as those of China and the United States, own 513,199 BTC, with each holding at least 190,000 BTC. Additionally, 407,212 BTC are held by private companies like Block One, and 165,677 BTC are locked in DeFi protocols as wrapped Bitcoin.
The fact that Bitcoin is becoming more and more popular as an investment is demonstrated by the fact that institutions are getting into it. Large entities play a key role in market growth, whether they invest directly, use them as collateral, or diversify their cash flow.
As this trend continues, the long-term impact on Bitcoin adoption and its price dynamics could be enormous.
