"Institutions Purchase Approximately 860,000 Bitcoins This Year, Accounting for 4.3% of Total Circulation"

Institutional investors have purchased Bitcoins (BTC) amounting to 4.3% of the total circulation this year.

According to a report by K33 Research on the 19th (local time), institutional investors purchased a total of 859,454 Bitcoins in 2024. This is equivalent to approximately 120 trillion won, matching the number of Bitcoins issued over eight years.

K33 stated, "The approval of the Bitcoin Spot ETF led to an absurd price surge. MicroStrategy's aggressive Bitcoin purchases also contributed to this trend," adding, "Next year, national-level Bitcoin adoption could occur."

Meanwhile, Bitcoin is experiencing a decline following Federal Reserve Chairman Jerome Powell's statement that 'Bitcoin cannot be reserved.' On this day, Bitcoin is trading at around $96,000 on the Binance Tether (USDT) market, down approximately 3.5% from the previous day.