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Summary
More than 60 percent of Bitcoin's circulating supply has not moved for over a year, with nearly 32 percent remaining untouched for more than five years. This shift suggests that investors are no longer just focused on the asset's price, but are instead considering its place in their long-term portfolios. As a result, Bitcoin is moving from the margins of finance towards being a part of institutional balance sheets, with public companies, governments, and institutions collectively holding around 1.9 million Bitcoin.
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