Bitcoin portfolios of two major investment fund companies, Fidelity It is VanEckwere identified, revealing the exact number of bitcoins everyone has.
The Fidelity Wise Origin Bitcoin Fund (FBTC) ETF from Fidelity, one of the world’s leading investment firms, has demonstrated a strategic approach to the market.
As discovered and revealed by TrustNodes, Fidelity raised $20 million to buy Bitcoin on January 9. Since the price of the digital currency at the time was approximately $46,000, the company is estimated to have acquired approximately 436 bitcoins.
These bitcoins were found on January 10 in the wallet 1EuynXyuJjQJehzQfnmsNGiV8v3fdzzqg, which was created specifically for this purpose and which collected 4,240 bitcoins after launching the ETF.
Based on blockchain data and company documents, Fidelity appears to have taken a different path than usual by not using Coinbase as a custodian and opting for self-custody of its assets. This indicates a more independent and potentially safer approach to managing your wealth.
## Wallets #Bitcoin from Fidelity (4,240) and VanEck (1867 BTC). pic.twitter.com/ULqEdjmBx5
— Livecoins (@livecoinsBR) January 16, 2024
VanEck has 1,866 bitcoins
VanEck, another giant in the ETF race, also had his address discovered. The company said it purchased 1,640 bitcoins on Jan. 5, an investment worth about $72.5 million at the time.
The Bitcoin address associated with the investment is 3FM9vDYsN2iuMPKWjAcqgyahdwdrUxhbJ3.
Additionally, VanEck later added 226 bitcoins to his home address from a Gemini hot wallet. This increases the total bitcoins held by VanEck to approximately 1,866 BTC.
Meanwhile, BlackRock, the world’s largest asset manager, also had its addresses discovered with blockchain data showing the company owns a total of more than 11,500 bitcoins.
This volume puts BlackRock in the race to become one of the largest bitcoin holders in the world.
Why does this matter?
For investors, the ability to analyze real data on Bitcoin assets from major institutions is critical as it allows them to see when these companies are executing transactions, whether buying or selling.
This type of information can be important for understanding market trends, assessing institutional confidence in Bitcoin, and making more informed investment decisions.
From a market perspective, transparency can provide insight into how institutional movements can affect Bitcoin’s price and volatility. For example, substantial sales or purchases by any of these companies could signal changes and influence the strategies of other investors.
Furthermore, transparency helps prevent market manipulation. With more information publicly available, it becomes more difficult for such entities to manipulate the market in undetected ways.
This evolution also strengthens Bitcoin’s legitimacy in the financial world. As more information becomes available and analyzed, Bitcoin can be better understood and integrated into the broader context of global financial markets.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
