![]() ![]() ![]() ![]() Bored Ape Yacht Club and Mutant Ape Yacht Club linked to the boom The trading boom this January is said to be on the right track to surpass the December $3.24 billion volume. The 24-hour trading volume on January 3 was about $255.8 million according to the data. Data posted by “rchen8 ” discloses that OpenSea has generated over $700 million worth of trading volume so far this year. According to recent reports, the marketplace is still controlling the NFT sales in 2022. In 2021, the revenue generated compared to that of eBay and topped Etsy. Since its launch in 2017, OpenSea (an NFT Marketplace) has controlled most of the NFT sales and facilitated over $10 billion in transactions. From January to July 2021, the marketplace processed an average of $106 million worth transactions according to DappRadder.The recent boom has been linked to the renewed speculative frenzy of the Bored Ape Yacht Club (BAYC) and the Mutant Ape Yacht Club (MAYC).In bitcoin, retail has led and clearly still keeps leading with it in control of bitcoin’s supply and by far. This very low level of institutional adoption may also suggest an increase is to be expected as they tend to hold 80% of stocks supply. Interestingly bitcoin’s supply will now also increase only by 10% in its entire existence as just two million bitcoin is left to be mined. Interestingly there is no entry for the US government, which manages to seize bitcoin now and then in drug operations, or for Russia which wouldn’t reveal such seizures, or for China which sometime has reports of taking miner’s equipments as well as their bitcoin or other cryptos.Īll in all, 1.5 million bitcoin is held by governments, companies, or stock traded products, amounting to almost 10% of the entire bitcoin supply of 18.9 million. The holdings of Ukrainian politicians are also included at 46,000 BTC, with El Salvador having about 1,400. It is thought countries hold 263,000 bitcoin, but that’s based on controversial and disputed reports that Bulgaria has 213,500 BTC. The Tezos Foundation has 17,500 while Stone Ridge holds 10,000 in addition to Massachusetts Mutual having 3,500 bitcoin, which they bought for $100 million almost exactly a year ago, and is now worth $164 million. While private companies hold 174,000 bitcoin, the biggest being Block.one, the company behind EOS, with 140,000 BTC. Square and Marathon have about 8,000 each, with Coinbase also holding 4,500 bitcoins according to a SEC filing when it went public last year. Public companies now hold 245,000 bitcoins, the biggest being Microstrategy with 124,000 followed by Tesla’s holdings of 42,902 bitcoins. ![]() Grayscale’s Bitcoin Trust is the biggest by far with close to 650,000 bitcoins, followed by Coinshare’s circa 50,000 while the ETC Group holds 18,000 BTC. ![]()
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January 2023
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