Bitcoin Surge

With Bitcoin trading at a record high of over $117,000, its largest institutional holders are seeing substantial gains without plans to cash out.

Major Holders

Strategy (MSTR), a software company turned bitcoin giant, owns nearly 600,000 BTC, with estimated $28 billion in unrealized profits. They have spent over $42 billion to amass this fortune, making them the third-largest holder of Bitcoin, behind only Satoshi Nakamoto and BlackRock.

BlackRock holds Bitcoin through its iShares Bitcoin Trust (IBIT), while Strategy keeps it on its balance sheet. Michael Saylor, the company’s co-founder, has expressed no intent to sell, famously stating, “The halls of eternity echo with the cries of those who sold their Bitcoin.”

Other Notable Holdings

Other corporations are also experiencing significant gains.
– Metaplanet (Japan) owns 15,555 BTC, valued at 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 worth nearly $733 million, realizing a $232 million gain since its investment.
– Semler Scientific owns 4,636 BTC with $160 million in potential profits.
– France’s Blockchain Group has 900 BTC, netting $30.5 million in gains.

Most of these organizations remain committed to holding their assets. Within the Bitcoin community, many are referred to as “maxis,” who prefer to retain their Bitcoin indefinitely, despite the potential for immediate profit.