A major institution recently made a move to acquire Bitcoin, and this time the purchase was substantial—spending approximately $108.8 million to acquire 1,229 BTC at an average price of $88,568 per coin. According to statistics, the institution's total BTC holdings have now reached 672,497 coins, which means their total investment in Bitcoin has approached $50.44 billion. Such a large holding size clearly indicates the institution's strong confidence in the long-term value of Bitcoin.

BTC-0,2%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
OnchainFortuneTellervip
· 17h ago
Large institutions are quietly accumulating coins again, this move... $50.4 billion, to put it simply, is a bet on the future of BTC.
View OriginalReply0
MemeKingNFTvip
· 17h ago
This move by the big institutions... 672k BTC, truly confident during the bottom-building phase. Comparing it to my initial all-in on NFTs, this pace feels more reassuring. On-chain data never lies; the real blue-chip players have already been positioning themselves.
View OriginalReply0
PaperHandSistervip
· 17h ago
The big players are hoarding coins again. I have to follow this move.
View OriginalReply0
MeaninglessGweivip
· 17h ago
ngl, this move is a bit scary, over 50 billion USD... retail investors need to be careful when following the trend.
View OriginalReply0
YieldHuntervip
· 17h ago
ngl if you look at the data here... 672k btc is wild but like, what's their actual cost basis? technically speaking that 88k entry doesn't hit the same when you're already sitting on 500b in exposure, that's not diversification that's just correlation risk on steroids
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)