#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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The circulating supply of yield-bearing stablecoins has surpassed $11 billion, accounting for 4.5% of the total stablecoin market.
PANews reported on May 21 that, according to Cointelegraph, the circulation of income-based stablecoins exceeded $11 billion, accounting for 4.5% of the total stablecoin market, an increase of more than 7 times from $1.5 billion at the beginning of 2024. Decentralized protocol Pendle has a 30% share of the market, with stablecoins rising to 83% in total value locked (TVL) up from less than 20% a year ago, while assets such as Ethereum have dropped from 80-90% to less than 10%. In terms of market structure, Ethena's USDe stablecoin accounts for 75% of the Pendle platform's stablecoin TVL, but new projects such as Open Eden have increased the share of non-USDe assets from 1% to 26% in a year.