- After hinting at possible Bitcoin sales last week, Michael Saylor’s company seems to have returned to its ‘never sell’ strategy, with a recent tweet suggesting another purchase may be imminent.
- MicroStrategy remains the largest public Bitcoin holder with 528,185 BTC ($84,909.00) (worth US$44.6 billion), far ahead of second-place Marathon Digital’s 47,531 BTC.
- US-based ETFs dominate institutional Bitcoin holdings, with BlackRock’s iShares Bitcoin Trust leading at 570,983 BTC, while all Bitcoin ETFs collectively hold 1.29 million of the 21 million total supply.
Last week we reported about Michael Saylor’s Strategy not buying Bitcoin, and this week it seems things are back to ‘normal’. The Tyson, Virginia-based company formerly known as MicroStrategy, last week even hinted that it may be forced to (gasp) sell some BTC.
As Bitcoin constitutes the vast bulk of assets on our balance sheet, if we are unable to secure equity or debt financing in a timely manner […] we may be required to sell Bitcoin to satisfy our financial obligations, and we may be required to make such sales at prices below our cost basis or that are otherwise unfavorable.
Strategy
It is of course Saylor’s long-held and well-known view to never sell Bitcoin, and it looks like they didn’t actually go through with the sale.
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In fact, there are signs that Saylor is going to add more BTC to his company’s current stockpile of 528,185 coins. The stash is worth approximately US$44.6 billion (AU$70.7 billion), which they spent US$36.6 billion (AU$58 billion) to acquire.
Saylor posted on Crypto Twitter:
Usually, posts like this are followed by a Bitcoin purchase announcement. The tweet also hints at the Trump tariff saga, which had caused a lot of volatility and anxiety.
Corporate Bitcoin HODLers With Large BTC Share
With half a million Bitcoin, Saylor’s company is the largest public HODLer. The second largest amount of Bitcoin held by a public company is just 47,531 – owned by Marathon Digital.
While public companies and governments hold a lot of the coin, the largest holders are, unsurprisingly, exchange-traded funds (ETFs).
Sum of all Bitcoin holdings by category, source: BiTBOOut of those ETFs HODLing, the majority is US-based. Seven out of ten Bitcoin ETFs are US-listed, with the BlackRock iShares Bitcoin Trust (IBIT) being the largest with 570,983 BTC – even more than Saylor’s Strategy.
Funds by Fidelity and Grayscale hold second and third spot, while Swiss fund CoinShares/XBT Provider is the largest non-US Bitcoin ETF.
Canadian Purpose Bitcoin ETF and 3iQ CoinShares Bitcoin ETF hold the ninth and tenth spots, respectively, with VanEck’s Bitcoin Trust coming in on the tenth position.
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As per the latest data, all Bitcoin ETFs currently hold 1.29 million BTC – out of the 21 million that will ever be in circulation.
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