BitGo CEO Mike Belshe said it is “probably right” that any single entity’s Bitcoin holdings should be in the single-digit percentage range, citing concentration risk for investors.
According to NS3.AI, Belshe made the comments after Strategy sold 3,588 BTC for $216 million.
Strategy holds 843,775 BTC, which the report said is about 4% of Bitcoin’s 21 million supply cap.
Belshe said large holders can create concentration risk that other investors need to price in.
BitGo CEO Mike Belshe: Single-Digit Percentages Are Likely for Any One Entity’s Bitcoin Holdings
2026-07-09 11:31:37
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