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MicroStrategy Lagged Behind the World's Giant Names in the Number of Bitcoins - Koin Bulletin
Thousands of Bitcoins entered the other newly established spot Bitcoin ETFs in the United States, with the exception of the Grayscale Bitcoin Trust (GBTC), in the past day.
The Grayscale Bitcoin Trust issued 1,708 Bitcoins in the past day, making it the lowest number ever recorded on a daily basis.
A total of 5,019 Bitcoins entered the other 8 ETFs other than GBTC, thus the total amount of Bitcoin held in these funds approached the 192,000 level**.
The funds have already reached a value of billions of dollars, even though it has not been even 1 month since they were established.
Funds other than the Grayscale Bitcoin Trust thus outperformed MicroStrategy in terms of the total number of Bitcoins they held. MicroStrategy has 190,000 Bitcoins in reserve.
Markus Levin, one of the founders of XYO, said: "Over time, we have seen Bitcoin become an increasingly distributed network in terms of BTC holders and the coins they hold. The concentration of too much BTC in the hands of a single country or company can be a problem, but in the case of MicroStrategy and these ETFs, the concentration of coins in these entities does not pose a risk to the Bitcoin network." *Said.