Institutions Now Hold 3% of Bitcoin’s Supply – A Comprehensive List of Institutional Moves in Bitcoin in 2021 So Far

Up view in financial district, Manhattan, New York

Institutions and institutional investors have been acquiring bitcoin at a faster rate in 2021 than ever before which has now resulted in nearly 3% of all bitcoin circulating supply being locked up by these investors.

There are now more institutions than ever before expressing interest to hold some of their cash or treasury in bitcoin.


SEE ALSO87% of Bitcoin Investments in 2020 Came from Institutional Investors, Dominated By Asset Managers, Latest Grayscale Report Reveals


The current list of the top huge institutional holders stands as follows:

  • MtGox K K – 141, 690 BTC
  • Block.One – 140, 000 BTC
  • MicroStrategy – 71, 000 BTC
  • Tesla – 38, 500 BTC

The massive uptake of bitcoin by institutions is better seen when you look at GrayScale, the world’s largest crypto custody service for institutions, which currently holds over $30 billion in bitcoin.

According to Ross Stevens, CEO, NYDIG, a leading provider of institutional investment, brokerage, treasury and technology solutions to banks and private clients:

“A year ago we had 25 institutional clients… today 280. By the end of year, I’m confident we’ll have over $25 billion of #Bitcoin.”

                                   – CEO, NYDIG

Here is a comprehensive breakdown of bitcoin adoption and activities among institutions in 2021 so far:

  • Bitcoin is now the 8th largest asset in the world, officially bigger than Facebook and Tesla in market cap
  • Total crypto market cap crosses over $1 trillion for the first time in history
  • The new U.S. administration, under President Joe Biden, freezes regulatory processes, including previous proposals on ‘unhosted’ bitcoin and crypto wallets
  • Biden to names bitcoin-savy and crypto-friendly, Gary Gensler, as U.S. SEC chair
  • Former U.S. Treasury Secretary, Summers, says bitcoin is here to stay and the finiteness of its supply is going to raise prices
  • US Treasury OCC, the largest US banking regulator, announces it will allow US banks to use stablecoins for payments
  • GrayScale has added over 43, 000 BTC in 2021 (way more than the mined supply) so far bringing its holdings to over $30 billion in value
  • Tesla buys buys $1.5 billion in bitcoin and plans to accept it as payment
  • MicroStrategy purchases another 295 & 314 BTC in cash bringing its bitcoin worth holdings to over $2.5 billion
  • Investment bank, Morgan Stanley, buys a 10.9% stake in business intelligence firm MicroStrategy, indirectly exposing it to over $2.5B in bitcoin
  • A $150 billion Morgan Stanley investing arm known for its prowess in picking growth stocks is considering adding Bitcoin to its list of possible bets
  • City of Miami hosts the Bitcoin whitepaper on its government webstie and says it is working on a resolution to add bitcoin to its balance sheet
  • Chicago Mercantile Exchange bitcoin (CME BTC) futures launch
  • PayPal announces it will enable crypto payments for its 300 million customers and 26 million merchants in 2021 and has set up a dedicated bitcon and crypto business unit
  • PayPal’s crypto buying/selling was up 22% in the last week of January 2021 – up by over 800% since November 2020
  • MasterCard announces it will accept select cryptocurrencies directly on its network
  • Visa moves to pilot its new crypto API to allow traditional banking customers to buy and sell bitcoin and crypto by working with crypto exchanges
  • Miller Value Funds, founded by legendary investor, Bill Miller, has dislosed it may seek investment exposure to bitcoin
  • Billionaire institutional investor, Paul Tudor Jones, and WallStreet executives invest in a $73 million crypto fund
  • MicroStrategy runs a ‘Bitcoin for Corporations’ event providing a blueprint for 1, 400 firms to incorporate bitcoin into their balance sheets
  • Guggenheim filing to buy $500 million in GrayScale becomes effective, which indirectly exposes it to bitcoin
  • Billionaire, Mark Cuban, says he owns bitcoin and other digital assets in a WallStreet Bets AMA
  • Billionaire institutional investor, Ray Dalio, writes an open letter and says his asset management firm, Bridgewater Associates, may soon buy bitcoin
  • Coinbase, the largest crypto exchange in America, announces a proposed direct lisitng to go public – essentially exposing it to billions of dollars in institutional investments
  • CEO of BlackRock, a $1.78 trillion assets under institutional management firm, says the company is watching bitcoin and believes it may play a bigger role in the future
  • BlackRock, the world’s largest asset manager, files with U.S. SEC to get exposure to bitcoin futures via a derivative instrument
  • The largest university endowment funds in the U.S. have quietly been buying bitcon and crypto in 2020 – according to a 2021 research
  • Rothschild investment Corporation increases its exposure to bitooin by 24% by holding over 30, 000 shares in the GrayScale BTC Trust
  • Nasdaq-listed company, Marathon Patent Group, announces it has purchased 4,812 bitcoin for around $150 million in January 2021
  • Insurance firm, MetLife, with $650 billion assets under management, says it may soon buy bitcoin
  • Goldman Sachs issues an RFI (request for information) to explore bitcoin & crypto asset custody and will enter the crypto market soon, according to a source inside the bank
  • JP Morgan issues an RFI to look at digital assets custody
  • Visa-backed Anchorage becomes the first OCC-approved U.S. national crypto bank, enabling large financial institutions to offer bitcoin and other cryptos to their customers
  • Ruffer Investments, which invested $745m in bitcoin in 2020, says “Bitcoin is becoming a challenger to gold” and is a “unique beast as an emerging store of value”
  • Three Arrows Captial discloses holding 37,000 bitcoins through Grayscale and now owns 6% of all GBTC shares, worth over $1 billion
  • Skybridge Capital, the hedge-fund investing firm headed by Anthony Scaramucci, confirms launch of a new bitcoin fund and says its exposure to bitcoin has already reached $310 million
  • Asset manager, VanEck, with $49 billion AUM, files with SEC for a new Bitcoin fund
  • Nasdaq-listed and publicly-traded company, GrennPro Capital, says it intends to set up a $100 million Bitcoin Fund for investment


RECOMMENDED READING[WATCH] Bringing Institutional Investors into the Crypto Space – A Chat with Binance CEO and MicroStrategy CEO


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