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

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

Cryptodnes2024/08/05 16:48
By:Cryptodnes

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.

 

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