Key Points:
- MicroStrategy Bitcoin holdings are currently 226,500 BTC, earning a 61% profit.
- Major companies like Marathon Digital and Block also hold significant Bitcoin reserves.
- Investment giants Goldman Sachs and Morgan Stanley have collectively managed over $4.7 billion in spot Bitcoin ETFs.
HODL15Capital published the most recent extensive list of companies actively acquiring and holding Bitcoin on their balance sheets.
Read more: MicroStrategy Bitcoin Investment Will Be Boosted With $2 Billion Share Offering Plan
MicroStrategy Bitcoin Holdings Now Increased to $13.5 Billion
At the top of this list comes MicroStrategy, whose current holding is 226,500 BTC, now valued at $13.5 billion.
This is a far cry from eight months ago when it held 174,530 BTC. Under the stewardship of Executive Chairman Michael Saylor, MicroStrategy Bitcoin holding yielded a 61% profit as the average cost per coin stands at $36,907.
Apart from MicroStrategy, other major participants who hold large amounts of Bitcoin include Marathon Digital at 25,000 coins; Block, formerly Square, with 8,038 coins; and Boyaa Interactive with 1,100 coins. The remaining participants, Fold, Semler Scientific, Metaplanet, WonderFi, and Bitcoin Depot, reported lesser holdings ranging from 1,000 to 12 coins.
Corporate Bitcoin Adoption Grows with Key Players Holding Significant Reserves
The increase in the MicroStrategy Bitcoin holding that really instills faith in the long-term prospect of the company. This is a trend slowly building up across institutional investors.
According to a prospectus filed with the U.S. Securities and Exchange Commission, other major investment advisors, such as Goldman Sachs and Morgan Stanley, will now turn to spot Bitcoin ETFs, bringing the total of Bitcoin-related assets managed by advisors to more than $4.7 billion by the end of Q2 2024.
As of June 30, 2024, Goldman Sachs had about $418 million in client Bitcoin, and Morgan Stanley had $188 million in client Bitcoin, which had declined once compared to earlier exposure. The two firms’ exposures were in BlackRock iShares Bitcoin Trust, IBIT, and other famed ETFs such as Fidelity’s Wise Origin and Invesco Galaxy Bitcoin ETF.
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