As reported by WBTC via its official Twitter account, 1% of the entire supply of Bitcoin is now tokenized on Ethereum as Wrapped BTC (WBTC).
In particular, we are talking about almost $6.2 billion in bitcoin.
Kia Mosayeri, product manager at crypto custody firm BitGo, which is the custodian of the protocol Wrapped Bitcoin, was the first to confirm the milestone on Twitter yesterday after retweeting the post.
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According to data provided by Etherscan, that 1% Bitcoin equals 187,610 Bitcoins, which have a current value of $6.18 billion.
Around 240,620 Bitcoins have been tokenized through various protocols for use in Ethereum according to BTConEthereum, representing a combined capitalization of $7.91 billion. Of this figure, Wrapped Bitcoin accounts for 78%.