BTC Holdings and Profits: An Overview of 8 Institutional Whales

Forward the Original Title：Overview of the positions of 8 Bitcoin institutional whales: the average floating profit ratio exceeds 134%, and the US government and MicroStrategy hold the largest positions

After more than two years, Bitcoin has once again reached the $60,000 mark for the first time, and its price has reached a record high against a variety of legal currencies. As the price of Bitcoin soared, the “giant whales” with heavy positions also made a lot of money. In this article, PANews took stock of the positions and profits of eight mainstream institutions and countries. The average floating profit exceeded US$1.12 billion, and the average return rate reached 134.8%. Among them, the U.S. government, MicroStrategy, Marathon Digital and Coinbase Global hold the largest positions. At the same time, compared with other institutions, Meitu, El Salvador and Telsa have the highest purchase costs.

U.S. Government

The U.S. government is one of the largest Bitcoin holders in the world, obtaining a substantial amount of Bitcoin through various legal actions, often referred to as “zero-cost purchase”. According to data from Arkham Intelligence, as of February 29th, the U.S. government held over 200,000 Bitcoins (currently valued at over 12.44 billion U.S. dollars).

MicroStrategy

“Bitcoin Bull” MicroStrategy is the listed company that holds the largest number of Bitcoins in the world. As of February 29, according to Saylortracker data, MicroStrategy holds a total of 193,000 Bitcoin (currently valued at more than 11.893 billion USD). The average purchase cost per Bitcoin is approximately 31,780 USD, with a floating profit of more than 6.135 billion USD, and an investment return rate of 100.03%.

Marathon Digital

Marathon Digital is one of the largest Bitcoin miners in North America, and its stock price has recently hit a two-year high due to the impact of the Bitcoin market. Bitcoin Treasures data shows that as of February 29, Marathon Digital held a total of 15,741 Bitcoins (currently worth US$967 million), with an average purchase cost of US$13,785, and a floating profit of over US$777 million, with a return on investment of over 411.4 %.

Coinbase Global

Coinbase Global is the first U.S. company to go public in the cryptocurrency space. Bitcoin Treasures data shows that as of February 29, Coinbase Global held a total of 9,480 Bitcoins (currently worth US$497 million), with an average purchase cost of US$23,294, and a floating profit of nearly US$362 million, with a return on investment of over 163.8 %.

Telsa

Telsa is a “diamond hand”. Since the second quarter of 2022, it has not conducted any buying or selling operations on Bitcoin for 6 consecutive quarters. Bitcoin Treasures data shows that as of February 29, Telsa held a total of 9,720 Bitcoins (currently worth US$602 million), with an average purchase cost of approximately US$34,722, and a floating profit of over US$259 million, with a return on investment of 77 %.

Block Inc.

Block Inc. is a financial technology company co-founded by former Twitter CEO Jack Dorsey, a big fan of Bitcoin. Bitcoin Treasures data shows that as of February 29, Block Inc. held a total of 8,027 Bitcoins (currently worth US$497 million), with an average purchase cost of US$27,407, and a floating profit of approximately US$273 million, with a return on investment exceeding 124.2%.

El Salvador

As the first country in the world to adopt Bitcoin as legal tender, El Salvador’s Bitcoin holdings have been losing money over the past two years. With the astonishing rise of Bitcoin this year, El Salvador has turned a loss into a profit. President Nayib Bukele even recently stated that the country has no plans to sell Bitcoin. Nayibtracker data shows that as of February 29, El Salvador holds a total of 2849 Bitcoins (currently valued over 175 million US dollars), with an average purchase cost of 42,504 US dollars, and a floating profit of over 60.99 million US dollars. The investment return rate is about 49.63%.

Meitu

As the first Hong Kong stock exchange-listed company to publicly hold Bitcoin, Meitu has spent a huge amount of money to buy Bitcoin and Ethereum multiple times, but due to the sharp drop in the market, it has suffered severe losses, and has basically not bought any more cryptocurrencies since 2021. Meitu stated last year that the company no longer focuses on and buys these types of assets, and may sell at the right time. Data from CoinGecko shows that as of February 29, Meitu holds a total of 940 bitcoins (currently worth 58.254 million US dollars), with an average purchase cost of 52,659 US dollars, and has made a floating profit of over 8.754 million US dollars, with an investment return rate of over 17.7%.

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1. This article is reprinted from [panews], Forward the Original Title‘A look at the holdings of 8 Bitcoin institutional whales: the average floating profit ratio exceeds 134%, with the US government and MicroStrategy holding the largest positions’,All copyrights belong to the original author [Nancy]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
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