Institutional Bitcoin whales are entities that hold a large amount of Bitcoin on behalf of institutions, such as hedge funds, asset managers, and family offices. These whales can have a significant impact on the price of Bitcoin, as their buying and selling activity can move the market.
The top 4 biggest institutional Bitcoin whales are:
- MicroStrategy: The publicly traded company MicroStrategy is believed to hold around 152,800 BTC, with a value of approximately $4.2 billion. MicroStrategy is a business intelligence company that has made a big bet on Bitcoin, and it is one of the largest corporate holders of Bitcoin in the world.
- Grayscale Investments: The investment firm Grayscale Investments is believed to hold around 654,885 BTC, with a value of approximately $17.6 billion. Grayscale is the largest Bitcoin investment trust in the world, and it offers a variety of products that allow investors to gain exposure to Bitcoin.
- Tesla: The electric car company Tesla is believed to hold around 43,200 BTC, with a value of approximately $1.2 billion. Tesla made a major investment in Bitcoin in 2021, and it has since sold some of its holdings. However, it still remains one of the largest institutional holders of Bitcoin.
- Celsius Network: The cryptocurrency lending platform Celsius Network is believed to hold around 28,400 BTC, with a value of approximately $775 million. Celsius offers a variety of services to institutional investors, including lending, custody, and trading.
These are just the top 4 biggest institutional Bitcoin whales. There are likely many other whales out there who hold large amounts of Bitcoin on behalf of institutions.
The activity of institutional Bitcoin whales can have a significant impact on the price of Bitcoin. When whales buy Bitcoin, it can cause the price to go up. When whales sell Bitcoin, it can cause the price to go down.
For this reason, it is important to keep an eye on the activity of institutional Bitcoin whales if you are interested in trading Bitcoin. By understanding the movements of institutional Bitcoin whales, you can make better decisions about when to buy and sell Bitcoin.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
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