Bitcoin's (BTC) price dropped by more than 50% after peaking out at $69,000 six months ago but the plunge did little in forcing some of its wealthiest investors into selling.
Notably, the number of Bitcoin under Coinbase (NASDAQ:COIN) Custody for institutional clients rose by 296% since Q4 2020, showcasing the most investors decided to "hodl" onto their investments despite BTC price being down well over 50% from its all-time highs.