#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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In its peak, the Pi market capitalisation reached nearly $20B; however, today it has plummeted to $3.76 B. Based on the community and market sentiment, the main cause of this decline is the token unlocking process. More than 90 million tokens are set to be released just in April, increasing the selling pressure. Additionally, we will also see nearly 1.5 billion tokens unlocked over the next year. However, we can also find a positive point about the April token unlockings.