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Bitcoin has undergone a seismic shift from being a niche investment for retailers to becoming a coveted treasury asset. The data speaks volumes, with approximately 28% of all Bitcoin now held by the top 13 holders. This isn’t just a passing trend; it represents a new era where major companies and institutions are stacking Bitcoin rather than mere retail investors.
The recent influx of institutional investors is evident as major players, including MicroStrategy, continue to expand their Bitcoin portfolios. Recently, MicroStrategy announced a significant purchase of over 78,000 Bitcoin within just ten days, demonstrating an aggressive strategy that sees them using capital raised through share issuance to bolster their Bitcoin holdings.