Source of Information: Crypto Academy

# **Standard Chartered: 61 Institutions Worldwide Control 3% of Bitcoin Supply**

According to Standard Chartered, a multinational financial services company, as many as 61 publicly listed companies now hold 3% of the Bitcoin supply in the world, with these companies having acquired up to 100,000 coins in the last 2 months.

Head of Digital Asset Research at Standard Chartered, Geoff Kendrick, stated that combined, these 61 companies would touch ownership of more than 673,897 Bitcoins.

Meanwhile, the pace of purchases is still led by MicroStrategy (MSTR), which currently holds 582,000 Bitcoins. In fact, when adding XXI with 31,500 Bitcoins, Galaxy Digital Holdings with 12,830, Metaplanet with 7,800 Bitcoins, and Next Technology with 5,833 Bitcoins.

Thus, the total Bitcoin from these companies has exceeded 600,000 coins. This figure continues to grow with an additional 56 companies.

Moreover, Kendrick mentioned that this has proven Bitcoin's increasing popularity as a corporate treasury asset. However, he still warns of the potential risks of overly massive corporate adoption.

Additionally, Bitcoin's volatility has the potential to push Bitcoin prices below the average purchase price, where 50% of companies made purchases averaging above US$90,000.