Coinbase’s Bitcoin cache has reached 2,919,643 BTC, equivalent to over 23 billion USD, as institutional interest continues to grow despite recent market fluctuations.
The IBIT fund by Blackrock leads with 736,664 BTC, showing significant institutional commitment alongside firms such as Tesla and Volcon, which recently bought 3,183.37 BTC.
While Bitcoin’s volatility is notable, with a recent trading range between $114,759.82 and $119,535.45, institutional entities are taking advantage of price dips, indicating a confident outlook.
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