Author Topic: Bitcoins accumulated by institutional investors  (Read 4 times)

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Bitcoins accumulated by institutional investors
« on: October 12, 2019, 04:30:43 PM »
I have just seen this tweet from glassnode on Twitter which shows that the number of addresses that hold over 1000 BTC has dramatically increased in the last year and a half. Pretty much since we have dropped from the $6000 level the BTC has started to be accumulated. Are they institutions? What's your take on that? Also why wouldn't they split their holdings in multiple addresses instead of keeping them all in one?

Looking at the graph we are approaching 2100 addresses with > 1000 BTC, that translates to at least 2,100,000 BTC.