3% of Bitcoin supply in control of firms with BTC on balance sheets: The good, bad and ugly

Corporate entities currently hold over 3% of Bitcoin’s total supply, highlighting a strategic move toward viewing Bitcoin as a reserve asset. Major firms include Tesla and Block, which emphasize institutional accumulation rather than retail speculation.

Bitcoin has shown resilience, climbing past $88,000 recently and eyeing tests around the $90,000 mark. Institutional interest may boost its long-term demand and increase appreciation.

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