Bitcoin, listed companies' holdings surpass spot ETFs… signal of change in market structure

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In the recent three quarters, listed companies' Bitcoin holdings have surpassed US spot ETFs, accelerating corporate Bitcoin adoption. Unlike ETFs, companies are holding Bitcoin as a long-term strategic asset, causing structural changes in the market.

With MicroStrategy leading by holding 580,250 BTC, the total Bitcoin holdings of listed companies reach 757,593 BTC, which corresponds to 3.6% of the total Bitcoin supply.

Looking at the Bitcoin holdings of major listed companies, Marathon Digital Holdings follows MicroStrategy with 48,237 BTC, and Riot Platforms holds 19,211 BTC. Cleanspark and Tesla are holding 12,101 BTC and 11,509 BTC, respectively.

Meanwhile, for US spot Bitcoin ETFs, iShares Bitcoin Trust (IBIT) has recorded the largest holding at 664,954.7 BTC, followed by Fidelity Wise Origin (FBTC) with 198,291 BTC.

Notably, while ETFs adjust their holdings flexibly according to market conditions, companies hold Bitcoin from a long-term strategic perspective. This is expected to form structural demand in the Bitcoin market and support long-term price increases.

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#Bitcoin#ListedCompanies#SpotETF#MicroStrategy#MarketStructure

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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