Bitcoin

Arkham

Adam Back

BlackRock

<p>Bitcoin’s allure among institutional players remains unshaken, even in the face of extreme market volatility. </p> 
<p>Recent data reveals public companies now hold 527,026 BTC—2.66% of the circulating supply—following aggressive buying sprees amid a volatile week for the world’s largest cryptocurrency.</p> 
<p>BTC experienced a dramatic flash crash on December 5, plunging from an <a href="https://www.thecoinrepublic.com/2024/12/04/bitcoin-smashes-100000-etf-inflows-and-record-derivatives-open-interest-back-historic-rally/">all-time high of nearly $104,000</a> to $92,980 within hours.</p> 
<p>The $10,000 drop, attributed to a leverage-induced liquidation event, wiped out $900 million in long positions, affecting 163,587 traders, according to Coinglass data.</p> 
<p>The milestone high earlier that day attracted global media attention, but the sharp correction highlighted the market’s fragility.</p> 
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   <em>Source: @KobeissiLetterX</em>
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<p>Analyst “lowstrife” noted the crash was “entirely a spot Bitcoin move driven by leverage.” Bitcoin pioneer Adam Back added that insufficient market-making amplified the price movement, exposing gaps in liquidity management.</p> 
<p>Despite the turbulence, BTC quickly stabilized and returned to its trading range around $97,600 by early December 6.</p> 
<h2 class="wp-block-heading" id="h-blackrock-and-mara-buy-the-dip"><strong>BlackRock and MARA Buy the Dip</strong></h2> 
<p>Amid this volatility, institutional buyers like BlackRock and MARA Holdings capitalized on the price dip to expand their BTC holdings.</p> 
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  <img loading="lazy" decoding="async" width="460" height="500" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-143.png" alt="" class="wp-image-866936" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-143.png 460w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-143-276x300.png 276w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-143-150x163.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-143-300x326.png 300w" sizes="auto, (max-width: 460px) 100vw, 460px">
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   <em>Source|@thomas_fahrerX</em>
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<p>BlackRock purchased 7,750 BTC, bringing its total holdings to $48.9 billion, according to Arkham Intelligence. The inflow was fueled by heightened demand for shares in its spot Bitcoin ETF, which Thomas Fahrer of Apollo called the “fastest-growing ETF ever.”</p> 
<p>Meanwhile, MARA Holdings added 1,423 BTC in transactions totaling $139.5 million. The miner’s reserves have surged 162% month-over-month to 22,108 BTC, worth $2.17 billion.</p> 
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  <img loading="lazy" decoding="async" width="672" height="319" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-144.png" alt="" class="wp-image-866943" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-144.png 672w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-144-300x142.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-144-150x71.png 150w" sizes="auto, (max-width: 672px) 100vw, 672px">
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   <em>MARA BTC Holding|Source: Arkham Intelligence</em>
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<p>MARA’s aggressive accumulation aligns with its new treasury strategy to retain all mined Bitcoin and use capital market instruments to grow reserves.</p> 
<h2 class="wp-block-heading" id="h-whales-and-smaller-players-join-the-fray"><strong>Whales and Smaller Players Join the Fray</strong></h2> 
<p>An unknown whale also leveraged the price drop, acquiring 600 BTC worth $58.9 million. The wallet, which showed no prior Bitcoin activity before November 24, underscores the growing appetite among high-net-worth individuals for strategic Bitcoin acquisitions.</p> 
<p>Additionally, healthcare technology firm Semler Scientific added 303 BTC on December 4 at an average price of $96,779. This purchase increased its total holdings to 1,873 BTC, valued at $182.8 million.</p> 
<p>Interestingly, while spot markets endured turbulence, spot Bitcoin ETFs remained bullish. U.S.-based spot Bitcoin ETFs saw inflows totaling $748 million on December 5, led by <a href="https://www.thecoinrepublic.com/2024/12/04/blackrock-bitcoin-etf-surpasses-500000-btc-milestone/">BlackRock’s IBIT fund</a> with $751.6 million in inflows. </p> 
<p>This resilience reflects growing institutional confidence in regulated Bitcoin investment vehicles.</p> 
<h2 class="wp-block-heading" id="h-institutional-dominance-grows"><strong>Institutional Dominance Grows</strong></h2> 
<p>Data from BitcoinTreasuries highlights the increasing institutional stake in Bitcoin. </p> 
<p>Public companies collectively hold 527,026 BTC, while asset management firms and private companies own 1,253 BTC and 410,418 BTC, respectively. Governments hold a modest 2,856 BTC by comparison.</p> 
<p>As institutional investors like BlackRock and MARA intensify their <a href="https://www.thecoinrepublic.com/2024/12/05/bitcoins-long-term-holders-are-reducing-their-stakes-should-you-be-concerned/">Bitcoin acquisitions</a>, the cryptocurrency’s narrative as digital gold continues to gain traction.</p> 
<p>This growing institutional presence could significantly influence Bitcoin’s future price dynamics and adoption.</p> 
<p>Despite the recent volatility, institutional interest underscores Bitcoin’s resilience as a long-term asset. </p> 
<p>As more public firms adopt Bitcoin as a treasury strategy, its limited supply and increasing demand could further bolster its value proposition.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/12/06/public-firms-hold-2-66-of-bitcoin-supply/">Public Firms Hold 2.66% Of Bitcoin Supply</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Public Firms Hold 2.66% Of Bitcoin Supply

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