Bitcoin's Billion-Dollar Gains: Corporate Hodlers Hold Firm
Bitcoin's Billion-Dollar Gains: Corporate Hodlers Hold Firm
With Bitcoin trading at record highs, several large institutional investors are reaping massive unrealized gains—and showing no signs of selling.
MicroStrategy Leads the Pack
MicroStrategy (MSTR), a software company that has become a Bitcoin powerhouse, holds nearly 600,000 BTC, according to BitcoinTreasuries.Net. At a Bitcoin price of $117,464, this represents an estimated $28 billion in unrealized profit. Despite investing over $42 billion to acquire these holdings, MicroStrategy's CEO, Michael Saylor, has publicly stated his intention to hold Bitcoin indefinitely. He famously declared, "The halls of eternity echo with the cries of those who sold their Bitcoin." This makes MicroStrategy the third-largest Bitcoin holder globally, behind only the pseudonymous Satoshi Nakamoto and BlackRock.
Other Notable Holders
- Metaplanet (3350): The Japanese firm owns 15,555 BTC, worth approximately $1.83 billion, with an unrealized profit of $284 million.
- El Salvador: The first nation to adopt Bitcoin as legal tender holds 6,234 BTC, currently valued at nearly $733 million, representing a $232 million paper gain.
- Semler Scientific (SMLR): Owns 4,636 BTC, with $160 million in unrealized gains.
- Blockchain Group (ALTBG): Holds 900 BTC, and has $30.5 million in unrealized gains.
It's important to note that BlackRock holds Bitcoin on behalf of investors in its iShares Bitcoin Trust (IBIT), while companies like MicroStrategy hold Bitcoin directly on their balance sheets.
The 'Maximalist' Mindset
Many of these corporate Bitcoin holders are considered "maxis"—maximalists—who believe in long-term Bitcoin accumulation. While some may selectively take profits over time, others remain steadfast in their conviction to hold indefinitely.
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