MicroStrategy Bitcoin Holdings Tops List of Companies With Over $13.5 Billion of Reverse
Key Points: MicroStrategy Bitcoin holdings are currently 226,500 BTC, earning a 61% profit. Major companies like Marathon Digital and Block also hold significan...
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.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Visited 215 times, 3 visit(s) today
Source: Coincu
More From Market
Strait of Hormuz Shipping Attack Raises Oil Supply Fears
An attack on Strait of Hormuz shipping has renewed fears for oil supplies, according to unconfirmed reports, though the specific incident behind the headline re...
Block EPS Jumps 65%, Stock Falls Despite Strong Earnings
Block reported a 65% surge in earnings per share, yet its stock fell in the wake of the results, a disconnect that made market sentiment, rather than the headli...
BTC Price Warning: 4 Reasons Bitcoin Could Drop Next Week
This BTC price warning centers on a single decision level: Bitcoin has struggled to maintain the $65,000 mark, and a four-part downside setup has traders watchi...
Crypto Price Analysis July 24: ETH, XRP, ADA, BNB, HYPE
Ethereum is the only asset in this group with a defined weekly move, up 3% but pressing into resistance, according to CryptoPotato’s July 24 price analysis . Th...
FT report: London Stock Exchange plans round-the-clock trading
The London Stock Exchange is looking at moving to round-the-clock trading, the Financial Times reported . In practice, that would mean shares could be bought an...
Bitcoin Price Analysis: BTC Bearish Below Key Reclaim
Bitcoin’s market structure remains bearish, with BTC unable to reclaim a key resistance level that would shift momentum back in favor of bulls. Until that level...
