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MicroStrategy and BlackRock Have Not Sold a Single Bitcoin During Market Crash

05.08.2024 18:55 1 min. read Alexander Stefanov
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MicroStrategy and BlackRock Have Not Sold a Single Bitcoin During Market Crash

Global markets, including crypto, experienced significant selling preassure, which led to major price corrections.

Bitcoin briefly dipped below $50,000 and the whole crypto market lost hundreds of billions in no time.

During this period the top institutional Bitcoin holders – MicroStrategy, BlackRock, Fidelity and Grayscale haven’t sold any of their BTC holdings.

BlackRock currently holds 344,070 BTC worth $18.41 billion, Fidelity holds $9.67 billion, Grayscale has $12.83 billion, while MicroStrategy holds over $25 billion.

READ MORE:

Crypto Market Slump Has Left Traders With Millions of Dollars in Losses

At the time of writing, Bitcoin has recovered from the daily bottom, currently trading at $54,300 with $104.4 billion volume.

 

Alexander Stefanov
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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