Institutional adoption of Bitcoin has reached a new peak, with over 10% of the total BTC supply now held by public companies or in exchange-traded funds. At current market prices of roughly $118,838 per coin, institutional holdings are valued at more than $250 billion. Daily demand from corporate buyers is ten times greater than the number of new coins mined.

Institutional adoption of Bitcoin has reached a new peak, with over 10% of the total BTC supply now held by public companies or in exchange-traded funds. At current market prices of roughly $118,838 per coin, institutional holdings are valued at more than $250 billion. Daily demand from corporate buyers is ten times greater than the number of new coins mined.

Source: https://cryptoslate.com/institutions-now-hold-over-10-of-bitcoin-supply-as-demand-outpaces-btc-mining-by-10x/