The cryptocurrency market is witnessing significant accumulation of digital assets by large companies and institutional investors. The total reserves of Bitcoin held by global companies have surpassed 1.1 million BTC, while the volumes of Ethereum among the ten largest public holders have reached over 1 million ETH.
This is reported by Finway
Record Accumulation of Cryptocurrencies
Strategy (formerly MicroStrategy) continues to expand its Bitcoin portfolio, which has grown to 607,770 BTC. The company increased its stock issuance to $2.8 billion due to high investor interest. At the same time, SharpLink Gaming has raised its Ethereum reserves to 360,807 ETH.
Experts at CryptoQuant believe that the current correction in Ethereum is short-term, as overheating indicators remain low and the price has formed a local bottom.
Market Development and New Records
There is active growth in altcoins – the price of BNB has reached a historical high of over $800, raising its market capitalization to $111 billion. Solana has also set a six-month high, surpassing the $200 mark, with its market capitalization exceeding $100 billion.
The market capitalization of stablecoins has surpassed $250 billion, with Ethereum ($125.9 billion), TRON ($81.1 billion), and BNB Chain ($10.5 billion) as the leading networks for their circulation. The NFT market is also showing positive dynamics – its capitalization has increased by over 22% to $6.37 billion.
At the time of preparing this material, Bitcoin is trading at $118,076, while Ethereum is at $3,828. Analysts note a persistent trend of asset accumulation by major players in the cryptocurrency market and forecast further growth.