Bitcoin Market Cap Info
Bitcoin market cap as a follow-up log to the article Bitcoin, Towards Becoming World's Most Valuable Asset Class?
Keywords
Institutional Demand
Price Discovery
Accelerate Hyperbitcoinization
Gated Access Benefits
Risk tolerance
Financial goals
Fact
Spot Bitcoin ETF trading volume peaked at $5.5 billion in total on March 4, making it the second-highest volume day since the products launched.
The high trading volume and institutional demand mean spot Bitcoin ETFs, exchange-traded products and trackers now handle around 1 million BTC — roughly 5.13% of the total BTC circulating supply.
Of that 1 million BTC, nearly 83% is managed by U.S.-based spot and futures ETFs.
Bitcoin Mining
In 2023, Core Scientific became the largest publicly listed crypto mining company in North America after mining 19,274 BTC, worth $812 million.
The miner recently emerged from bankruptcy under Chapter 11 in the United States after a 13-month restructuring process to resolve $400 million in debt caused by declining BTC prices, rising energy costs, and debt tied to the bankrupt Celsius Network.
https://cointelegraph.com/news/core-scientific-100-million-deal-coreweave-miners-diversify-cash-streams
