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Institutional investors now hold 31% of all known Bitcoin, a significant rise from 14% in 2023, driven by spot Bitcoin ETFs, government acquisitions, and MicroStrategy's extensive purchases, which total over 440,000 BTC. The U.S. government leads with 198,109 BTC, while China and Bhutan also maintain substantial holdings. Collectively, institutions and governments control about 2.45% of Bitcoin's circulating supply, valued at approximately $49.36 billion.
Elon Musk expressed he would be "shocked" if President Biden does not pardon Sam Bankman-Fried (SBF), the former CEO of FTX, who is serving a 25-year sentence for fraud and embezzlement. Speculation about a pardon has increased due to SBF's significant political donations and connections, with odds of clemency rising from 4% to 13%. Meanwhile, Ross Ulbricht, creator of the Silk Road, has a 9% chance of receiving a pardon, with potential support from Donald Trump, who has pledged to consider it.
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