MicroStrategy and BlackRock Have Not Sold a Single Bitcoin During Market Crash
05.08.2024 18:55 1 min. read Alexander Stefanov
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.
At the time of writing, Bitcoin has recovered from the daily bottom, currently trading at $54,300 with $104.4 billion volume.
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