Post
Topic
Board Bitcoin Discussion
Re: What are some major institutions investing heavily in bitcoins in 2024 ?
by
taufik123
on 04/04/2024, 18:46:37 UTC
Based on your question, I know that MicroStrategy, Galaxy Digital Holdings, Marathon Digital Holdings, Tesla, and Coinbase Global are some of the of the top investors in Bitcoin, and they hold a great deal of it. Also, based on my research, blackrock holds about 256,681 BTC as of this month, while microstrategy owns about 214,246 bitcoins as of last month, less than what blackrock's holding.Upon the factors that influence the price of Bitcoin, we all know that whales are one factor that contributes to the price volatility of Bitcoin. So, in the future, it will definitely contribute to the impact of the BTC price. 
The amount of investment is increasing, and its value is increasing enough, it is higher.
This makes some institutions that invest in Bitcoin have quite a lot of profits.

Let's see, how Tesla was initially quite serious about Bitcoin, Until now Tesla continues to collect Bitcoin.

Total Bitcoins held: 9,720 BTC and Current investment value (April 5, 2024): $324 million.
Tesla has also sold some of their Bitcoin holdings in 2022 by about 75% with the value of Bitcoin at the time $926 Million.
But now they're starting to re-enter and buy gradually, and Elon Musk says it's going to be held for the long term.