Institutional investors such as Vanguard, Blackrock, and Fidelity now hold significant stakes in 15 major cryptocurrency mining firms, reshaping the sector. The ownership charts reveal that institutions own up to 90% of shares in some companies, with retail investors and insiders holding the remainder. This shift in ownership marks a departure from the decentralized origins of the industry and raises questions about the future of innovation and whether blockchain's ideals can coexist with Wall Street's involvement.



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