Interest in Bitcoin 
$78,084 from companies worldwide is escalating. According to Bitcointreasuries data, 335 institutions hold a total of 3.75 million Bitcoins, representing 17% of Bitcoin’s total supply. Currently, institutions worldwide hold nearly a fifth of the largest cryptocurrency‘s 21 million total supply.
Institutional Holdings of Bitcoin
Recent data indicate that most institutions holding Bitcoin had not previously engaged in the cryptocurrency sector. New investors from traditional sectors such as energy, industry, and finance have begun adding Bitcoin to their reserves. The largest holder among these institutions is BlackRock. The world’s biggest asset management firm holds 768,285 BTC in its spot Bitcoin ETF, IBIT, on behalf of its clients. Following IBIT is Strategy with 639,835 BTC.
Governments are also among Bitcoin holders. The United States leads with 198,021 BTC, followed by China with 190,000 BTC. The United Kingdom comes in third with 61,245 BTC.
Risks and Expectations
The substantial purchase of Bitcoin by institutions creates buying pressure on prices, yet it also presents the risk of mass sell-offs during sharp declines. Despite institutions adopting a long-term buying approach, the ease of entry and exit in crypto-based investment products like ETFs implies a persistent risk. According to a report from Standard Chartered in June, a not-uncommon 22% price drop in the crypto market could be a critical threshold for many companies.
According to Cryptoappsy data, Bitcoin traded at $109,489 with a 0.14% decrease over the past 24 hours. As the new week approaches, the weekend effect has led to the largest cryptocurrency’s transaction volume falling by 51.42%, down to $25.69 billion. Analysts warn that if the price breaks the $113,000-115,000 band, it could potentially fall below $100,000, settling as low as $94,000.
