So, how much of btc is already owned by institutionals?
According to a report from The Wall Street Journal, the company purchased the coins — purportedly 5,470 Bitcoin (BTC) given the current price of $18,279 — through New York-based fund management company NYDIG. MassMutual also reportedly bought a $5 million equity stake in the firm, which holds $2.3 billion in crypto.
A total of 5,470 Bitcoin is owned by the institution.
This is actually a nice piece of information as the day passes, great companies adopt, invest and take the Bitcoin technology to the next phase of different economies of the world. 2021 seems to be a new ATH to witness.