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Current market cap is 52 billion. Just where is that money?
by rapsey 4y ago
Current market cap is 52 billion. Just where is that money?
- thebean11 4y agoHeld by Circle and Coinbase in T bills I believe. edit: more likely held by some holding company controlled by those two companies.
- scrlk 4y agoApparently with BlackRock and BNY Mellon: https://decrypt.co/97795/blackrock-handle-circle-usdc-cash-reserves-400m-funding-round https://decrypt.co/97795/blackrock-handle-circle-usdc-cash-r...
- koolba 4y agoWith treasuries paying 1.6% x $50B, that’s $66M per month of interest.