4 poststagged with “institutional-adoption”
MicroStrategy started buying Bitcoin in 2020 with $250 million. Five years later, it holds over 500,000 BTC and trades at a perpetual premium to NAV. The playbook is being copied — but the imitators face a market that has already priced in the strategy.
Bitcoin's four-year halving cycle has been the most reliable pattern in crypto. But the 2024 halving produced no parabolic blow-off top, no 80% crash, and no altseason. The cycle didn't repeat — and the reasons why suggest it never will again.
Roughly 600 institutional investors disclosed Bitcoin ETF positions in their most recent 13F filings. Among them: state pension funds, sovereign wealth vehicles, and the retirement systems of teachers, firefighters, and government employees. Millions of people now have Bitcoin exposure without knowing it.
US spot Bitcoin ETFs crossed $65B in cumulative net inflows, with $18.7B added in Q1 alone. Through a 50% price decline and geopolitical turmoil, institutions held.