- Small-scale strategy With a 61% profit, holdings of bitcoin are currently 226,500 BTC.
- Notable businesses like Block and Marathon Digital also have sizeable Bitcoin reserves.
- Together, financial behemoths Morgan Stanley and Goldman Sachs have handled approximately $4.7 billion in spot Bitcoin ETFs.
The most recent long list of businesses actively buying Bitcoin and keeping it on their balance sheets was released by HODL15Capital.
The amount held in Bitcoin by MicroStrategy has increased to $13.5 billion.
First on this list is MicroStrategy, with 226,500 BTC as of right now, valued at $13.5 billion.
When it owned 174,530 BTC eight months ago, this is a far cry. MicroStrategy’s Bitcoin holdings under the direction of Executive Chairman Michael Saylor produced a 61% profit, with an average coin cost of $36,907.
Other significant players with significant Bitcoin holdings outside MicroStrategy are Marathon Digital (25,000 coins), Block (previously Square), with 8,038 coins, and Boyaa Interactive (1,100 coins). Fold, Semler Scientific, Metaplanet, WonderFi, and Bitcoin Depot—the remaining participants—reported smaller holdings, ranging from 1,000 to 12 coins.
Adoption of Bitcoin by Businesses Is Growing, with Major Players Keeping Sizeable Reserves
The growth in MicroStrategy’s Bitcoin holdings, which genuinely gives hope for the company’s future. Institutional investors are beginning to notice this trend more and more.
Other significant investment advisors, like Goldman Sachs and Morgan Stanley, will now start spotting Bitcoin ETFs, according to a prospectus filed with the U.S. Securities and Exchange Commission. By the end of Q2 2024, the total amount of Bitcoin-related assets managed by advisors will exceed $4.7 billion.
As of June 30, 2024, Goldman Sachs and Morgan Stanley each owned roughly $418 million and $188 million in client Bitcoin, respectively. These amounts have decreased from their previous exposure. The two corporations held positions in renowned exchange-traded funds (ETFs) like Fidelity’s Wise Origin and Invesco Galaxy Bitcoin ETF, as well as BlackRock iShares Bitcoin Trust and IBIT.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
