Who’s Really Holding Wall Street’s Crypto?​

​Wall Street’s crypto footprint has never been larger. BlackRock alone reported nearly $150 billion in digital asset-linked AUM in its 2026 chairman’s letter. Public companies hold over 1.1 million BTC on their balance sheets. Institutions disclose more than 513,000 BTC through ETF wrappers. Yet aggregate numbers obscure the question that matters most. Who actually holds
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