Glassnode: how much major players have added to their Bitcoin reserves
According to estimates by analysts at Glassnode, average monthly additions to reserves amounted to around 43,000 BTC, highlighting strong interest from major players in the leading cryptocurrency. The total value of Bitcoin purchases by companies over the past six months exceeded $25 billion.
The largest share of the 1.11 million BTC held in corporate reserves belongs to the biggest publicly traded corporate Bitcoin holder, Strategy, with 687,410 BTC (60%) valued at $63.9 billion. MARA Holdings ranks second with 53,250 BTC worth around $5 billion, the analysts noted.
In their view, spot Bitcoin ETFs could further intensify demand pressure if capital inflows continue throughout the year. Should current demand levels persist, sellers of Bitcoin could eventually run out of supply over the long term, Glassnode concluded.
Earlier, ARK Invest founder and CEO Cathie Wood said on the Bitcoin Brainstorm podcast that U.S. authorities may begin building Bitcoin reserves through direct purchases ahead of the midterm elections in November.
See also: "Santiment: weak network growth prevents Solana from rising above $145"
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