Research firm Diar has released statistics that show institutional investors are quietly accumulating Bitcoin (BTC) taking advantage of bargain prices as the market endures its bear cycle.

Diar has found that Grayscale Bitcoin Investment Trust (GBTC) now holds over 200,000 BTC tokens, or around 1% of the circulating supply for its investors. This also makes GBTC the most prominent institutional investment firm in the cryptocurrency sector.

Institutional investors have been increasingly bullish on the cryptocurrency market, largely utilizing OTC trading desks to purchase tokens.

 

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