Price analysis 8/27: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, LUNA
Cointelegraph
Published Aug 27, 2021 04:05PM ET
Updated Aug 29, 2021 07:40PM ET
Asset managers and companies currently hold over 6% of Bitcoin’s (BTC) circulating supply, according to Buy Bitcoin Worldwide. A breakdown of the data shows Bitcoin fund issuers and asset managers hold about 4% of Bitcoin’s supply, public companies account for nearly 1% and private companies own roughly 0.83% of the cryptocurrency’s supply.
It's clear that institutional investors have continued to add crypto to their portfolios and Adam Proctor, the managing director for billionaire Simon Nixon’s investment firm Seek Ventures, said the company plans to increase “allocation to crypto” as they believe it to be an “important area for the future.”
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Written By: Cointelegraph
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