A new report has revealed that more than 11% of all Bitcoin (CRYPTO: BTC) is now held by a diverse group of institutional investors.
What Happened: Publicly traded companies, private firms, countries and exchange-traded funds (ETFs) collectively hold a staggering 2,511,273 Bitcoin, according to data from Bitcoin Treasuries, a platform tracking institutional ownership of the cryptocurrency. This represents 11.958% of all Bitcoin currently in circulation.
Publicly traded companies have emerged as major players in the Bitcoin ecosystem.
The report identifies the following companies as some of the leading corporate holders: