See the holdings of 8 major institutional Bitcoin whales: average unrealized profit exceeds 134%, with the U.S. government and MicroStrategy holding the most
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See the holdings of 8 major institutional Bitcoin whales: average unrealized profit exceeds 134%, with the U.S. government and MicroStrategy holding the most
This article reviews the holdings and profit/loss positions of 8 major institutions and countries.
Navigating Web3 tides with focused insightsBy Nancy, PANews
After more than two years, Bitcoin has reclaimed the $60,000 mark for the first time, setting new all-time highs against multiple fiat currencies. As Bitcoin's price surges, major holders—so-called "whales"—are reaping massive profits. This article by PANews examines the holdings and profit performance of eight major institutions and countries, revealing an average unrealized gain exceeding $1.12 billion and an average return rate of 134.8%. Among them, the U.S. government, MicroStrategy, Marathon Digital, and Coinbase Global hold the largest amounts. Meanwhile, Meitu, El Salvador, and Tesla have the highest purchase costs compared to other entities.
U.S. Government
The U.S. government is one of the world’s largest Bitcoin holders, having acquired massive amounts at zero cost through various law enforcement actions. According to Arkham Intelligence data, as of February 29, the U.S. government holds over 200,000 Bitcoins (currently valued at over $12.44 billion).
MicroStrategy
Bullish firm MicroStrategy is the public company holding the most Bitcoin globally. Saylortracker data shows that as of February 29, MicroStrategy holds 193,000 Bitcoins (currently valued at over $11.893 billion), with an average purchase price of approximately $31,780 per Bitcoin. The company has realized an unrealized profit of over $6.135 billion, achieving an investment return rate of 100.03%.
Marathon Digital
Marathon Digital is one of North America’s largest Bitcoin mining companies, and its stock price recently hit a two-year high due to the rising Bitcoin market. Bitcoin Treasuries data indicates that as of February 29, Marathon Digital holds 15,741 Bitcoins (currently worth $967 million), with an average acquisition cost of $13,785, generating an unrealized profit of over $777 million and a return rate exceeding 411.4%.
Coinbase Global
Coinbase Global is the first publicly listed cryptocurrency company in the United States. Bitcoin Treasuries data shows that as of February 29, Coinbase Global holds 9,480 Bitcoins (currently valued at $497 million), with an average purchase price of $23,294, realizing nearly $362 million in unrealized gains and a return rate exceeding 163.8%.
Tesla
Tesla has been a "diamond-handed" holder, making no Bitcoin trades for six consecutive quarters since Q2 2022. Bitcoin Treasuries data shows that as of February 29, Tesla holds 9,720 Bitcoins (currently worth $602 million), with an average purchase price of approximately $34,722, achieving an unrealized profit of over $259 million and a return rate of 77%.
Block Inc.
Block Inc., co-founded by former Twitter CEO Jack Dorsey, is a fintech company, and Dorsey is a staunch Bitcoin supporter. Bitcoin Treasuries data shows that as of February 29, Block Inc. holds 8,027 Bitcoins (currently worth $497 million), with an average purchase price of $27,407, realizing an unrealized profit of approximately $273 million and a return rate exceeding 124.2%.
El Salvador
As the first country in the world to adopt Bitcoin as legal tender, El Salvador experienced continuous losses on its Bitcoin holdings over the past two years. With Bitcoin's remarkable rally this year, the country has turned profitable. President Nayib Bukele recently stated the nation has no plans to sell its Bitcoin. Nayibtracker data shows that as of February 29, El Salvador holds 2,849 Bitcoins (currently worth over $175 million), with an average purchase price of $42,504, achieving an unrealized profit of over $60.099 million and a return rate of approximately 49.63%.
Meitu
As the first Hong Kong-listed company to publicly hold Bitcoin, Meitu made significant purchases of Bitcoin and Ethereum, suffering severe losses during the market downturn. Since 2021, it has largely refrained from further crypto acquisitions. Last year, Meitu indicated it would no longer focus on or buy such assets and might sell them at an appropriate time. CoinGecko data shows that as of February 29, Meitu holds 940 Bitcoins (currently worth $58.254 million), with an average purchase price of $52,659, realizing an unrealized profit of over $8.754 million and a return rate exceeding 17.7%.
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