16 percent of bitcoin’s realized market value is owned by corporate companies
CryptoQuant CEO explained that 16% of Bitcoin’s realized market value is owned by institutional investors. In his statement, the CEO referred to Bitcoin data under the management of Grayscale and other corporate firms.
CryptoQuant CEO Ki Young Ju made a statement on Twitter on Bitcoin’s market capitalization. Ki Young suggested crypto assets under the management of corporate firms (AUM), showing that 16% of the value of Bitcoin realized market cap is owned by corporate companies. The CEO, quoting the latest AUM data Barry Silbert shared, wrote::
“16% of Bitcoin’s realized market value is owned by institutional investors.
BTC realized market cap: $ 186 billion
Grayscale AUM: $ 19 billion
Corporate companies AUM: $ 30 billion.”
Realized market cap: Realized market value, in which lost, inaccessible and long-unused cryptocurrencies are calculated without being addressed.
How much Bitcoin does grayscale have?
The Grayscale Bitcoin Trust has $ 19 billion worth of crypto assets, according to Barry Silbert’s statement on Twitter. The value of the company’s crypto assets under management (AUM) on November 1 was $ 7.6 billion. The Grayscale Bitcoin Trust also has $ 16.3 billion worth of Bitcoin.
“Institutional investors continue to buy Bitcoin”
Ki Young made another comment about institutional investors. The CEO, who said there were fewer whales in the stock markets, said the rally would continue as institutional investors continued to buy BTC. However, for the rally to continue, the rate of whales on the exchanges must also hover below 85%, he said.