Bitcoin Bull Reveals ETFs’ BTC Measure! Giant Company Added to Reserves!

Bitcoin ETFs have achieved great success in the cryptocurrency market by accumulating more than 1 million BTC. Meanwhile, DeFi Technologies has become the latest public company to adopt Bitcoin as primary reserves

Michael Saylor reveals the BTC amount of Bitcoin ETFs

MicroStrategy Board Leader and leading BTC advocate Michael Saylor noted a remarkable milestone reached by BTC exchange-traded funds (ETFs). According to Saylor, 34 spot Bitcoin ETFs hold over one million BTC, with 1,031,973 BTC.

Bitcoin ETFs have achieved great success in the cryptocurrency market by accumulating more than one million BTC. ETFs are investment funds traded on stock exchanges. Therefore, it provides a way for investors to invest in Bitcoin without directly owning the cryptocurrency. This milestone shows that both institutional and personal investors are increasingly turning to Bitcoin ETFs.

What is the BTC distribution of the leading Bitcoin ETFs?

BlackRock and Fidelity Investments’ BTC funds are some of the most successful launches in the history of the ETF segment. By taking Wall Street by storm, they shifted the burden center of cryptocurrency from Asia to the USA. BlackRock’s iShares Bitcoin Trust exceeds $21.4 billion. Thus, it recently surpassed Grayscale’s $20.1 billion Bitcoin fund. With this move, it became the world’s largest fund for BTC. Fidelity Wise Origin Bitcoin Fund with $12.3 billion ranks third.

Saylor’s own company, MicroStrategy, owns 214,400 Bitcoins as of May 1, 2024. cryptokoin.com As you follow from, MicroStrategy continues to make headlines with its aggressive BTC accumulation. Last week, U.S. exchange-traded funds that invest directly in Bitcoin recorded a 19th consecutive day of net inflows, a surge in demand that helped push the largest digital currency to a new high. On June 7, 11 Bitcoin ETFs generated $131 million in inflows.

Another public company is purchasing BTC

Meanwhile, DeFi Technologies, a publicly traded company focused on Web3 technologies, has made a valuable breakthrough. In that vein, the company took a page from MicroStrategy’s playbook by announcing its own BTC treasury strategy. DeFi Technologies has decided to make Bitcoin its primary reserve asset. Following this, he made a first purchase of 110 Bitcoins ($7.7 million). The company’s shares are traded at Cboe Canada in Toronto. The publicly traded company announced that it purchased Bitcoin to protect the company’s assets from the loss of value of the currency. Roussy Newton, CEO of DeFi Technologies, believes that the company can potentially expand its treasury thanks to the latest investment.