CEO of Grayscale, Michael Sonnenshein said to Bloomberg, they have now pension funds in their institutional clientele. Hedge funds are stacking bitcoin for years, but now there are also pension funds and endowments on the list. And their presence growing fast.
Institutional investors are long-awaited, almost mythical beings in the crypto community. But it seems to they have arrived finally. Last year, there were more announcements from prominent and high net worth persons or public traded companies about their BTC holdings. In most cases, these holding are several hundred million dollars.