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Institutions Sell Off 1% Of Total Bitcoin Supply In Under 2 Months

While it seemed that institutional investors were going to hold through the bear market, this has not been the case.
At first, it was thought to be just the bitcoin miners who were to finance their operations.
A total of 29,060 BTC was sold by the company, which amounted to 75% of its bitcoin holding, and the sale took place sometime in the last two months.
In May alone, the miners sold 4,556 BTC, the first time that miners had sold more bitcoin than they had produced in a month.
This has led to a total of 236,237 BTC that has been sold by institutional investors over the course of two months, accounting for 1% of the total supply.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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