Grayscale and MicroStrategy lead a surge in institutional demand for new coins, with selling not part of the landscape, data shows.
Institutions are buying huge amounts of Bitcoin (BTC) and hodling, not selling it, data shows as the network mimics early 2016.
Data from various sources uploaded to social media this week show that over 40% of the Bitcoin supply has now not left its wallet in two years.
Institutional BTC demand far outweighs supply
At the same time, institutional-grade sources are purchasing huge amounts of BTC, in what looks increasingly like preparations for a long-term investment strategy.
“In the last two weeks...