Institutional investors control 1.2 million Bitcoins

Around 6 percent of Bitcoin's circulating supply is held by asset managers and corporations, revealing the growing mainstream and institutional prevalence of crypto assets.
Around 6 percent of Bitcoin's circulating supply is held by asset managers and corporations, revealing the growing mainstream and institutional prevalence of crypto assets.

According to Buy Bitcoin Worldwide data, 14 Bitcoin funds and asset managers currently hold 816,379 BTC worth $40.1 billion. This amount is 4 percent of the total circulating supply of cryptocurrencies.

The industry leader, the Grayscale Bitcoin Trust, contains more than 3 percent of the Bitcoin supply, with an accumulation of 654,600 BTC. CoinShares' XBT Provider is second with 48,466 BTC ($2.4 billion), representing 0.23% of the circulating supply. The remaining 12 entities hold 0.54 percent of the supply, or 113,313 BTC.

The data provider also tracked 34 publicly traded companies that hold BTC on their balance sheets and found that these companies own 1 percent of the Bitcoin supply.

Half of the Bitcoins owned by publicly traded companies are in the hands of MicroStrategy, which recently bought 3,907 BTC, increasing its BTC savings to 108,992 ($5.3 billion).

Electric vehicle manufacturer Tesla owns 20 percent of Bitcoin, or 42,902 BTC ($2.1 billion), in the hands of public companies.

Private companies, on the other hand, have accumulated 174,068 BTC ($8.5 billion), or 0.83 percent of the Bitcoin supply. These companies are led by Block.One with an accumulation of 140 thousand BTC ($ 6.8 billion).

While data providers' estimates vary, Bitcoin Treasuries estimates 1.4 million BTC on balance sheets of asset managers and companies. It is thought that the states have up to 260 thousand BTC.

The supply of Bitcoin will be limited to 21 million. Analysts predict that the last Bitcoin will be mined in 2140. The circulating supply of Bitcoin is currently measured at 18.8 million. On the other hand, about one-fifth of this supply is now thought to be out of reach, meaning asset managers and companies actually hold a much larger supply.