Institutional Bitcoin Holdings Plummet by 130,000 BTC in Three Months

Institutional investors have reduced their Bitcoin holdings by approximately 130,000 BTC over the past three months, according to data cited by Cointelegraph. This brings their total to 1.2 million BTC from 1.33 million BTC.

The decline signals a notable shift in sentiment among large-scale investors who had previously been a key driver of Bitcoin's price appreciation.

The reduction in institutional holdings coincides with growing strain on Bitcoin treasury companies, which have historically relied on a funding model that takes advantage of stock prices trading above the net asset value (NAV) of their Bitcoin holdings.