In the pre -2021 period, they were whales and individual investors who determined the direction in the crypto currency markets. However, things have changed and we have seen that reserve companies and corporate investors have been involved in the game for the last 1 year. The foundations of this were laid 21 months ago with Spot BTC ETF approval. So what are the reserves, reserves?
Bitcoin reserves
BTC price At the time of the article, it is just above the $ 112,500 support level. Defi The sum of BTC accumulation of reserves, private company assets, ETFs, and BTC accumulation of public companies exceeded 3.71 million BTC.
The biggest reserves based on state are the USA, Canada, England, Japan and Hong Kong Autonomous (China). While the US -based Strategy maintains its leading position, its total asset reached 638,460 BTC. Mara and XXI are also placed in the ranking as the top three major reserve companies. The common feature of the three is that they are in US -based.
Metaplanet from Japan ranks 20,136 BTC, while Hut8 is the 11th largest reserve company in Canada. There are 2 Chinese companies in the top 20, Cango and Next Technology have a total assets of over 10.00 BTC.
The total assets held by BTC ETF alone is 1,472 million BTC. Considering that there is 21 million and huge losses in the maximum supply, we can say that the conditions for the scarcity of supply have begun to form even today.
Ethereum Reserves
In June, something interesting happened. MstrSome companies began to say, “Why do we not create reserves with a cheaper and more likely volatility asset” with the creation of BTC reserves to the DOTCOM balloon level. Ether, the growth potential of the BTC was relatively strong (market value size?) It was a strong entity as well as its last AC level.
They started to accumulate, and the rapid accumulation enabled the price of ETH price to reach the record level of the new time in August. However, today, ETH was still able to move to the profit stage in the loop compared to the BTC, ie the BTC, and has not advanced in the price discovery. So still has a high potential.
During September, companies continued to purchase ETH. It only took 202,500 ETH alone today. Yunfeng 10k and on September 2 Finishing 74,3k ETH has accumulated. Over 6.5 million ETH has accumulated on the ETF channel alone.
Strategic ETH reserve 4.7 million ETH level. Although it is much lower at the beginning of this year, the total value of the reserves has already exceeded $ 43 billion. Many companies are trying to sell shares for the purchase of tens of billions of dollars and create cash.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
