Many of the whales are crypto exchanges, funds, and companies like microstrategy... | Hacker News

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TrackerFF 11 months ago | parent | context | favorite | on: Bitcoin passes $120k milestone as US Congress read...

Many of the whales are crypto exchanges, funds, and companies like microstrategy. So in essence, they’re held by many others.

pyman 11 months ago [–]

The total amount of Bitcoin held by all DEXs is a relatively small fraction compared to centralized exchanges. And crypto exchanges and funds are typically backed by large corporations and banks. For example, 51% of Coinbase shares are owned by a bank.

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