What are some major institutions investing heavily in bitcoins in 2024 ?

[krishnaverma]

What are some major institutions investing heavily in bitcoins in 2024 ?  And how is it going to impact the future prices for bitcoin according to you ?

[Dr.Bitcoin_Strange]

What are some major institutions investing heavily in bitcoins in 2024 ?  And how is it going to impact the future prices for bitcoin according to you ?

Based on your question, I know that MicroStrategy, Galaxy Digital Holdings, Marathon Digital Holdings, Tesla, and Coinbase Global are some of the of the top investors in Bitcoin, and they hold a great deal of it. Also, based on my research, blackrock holds about 256,681 BTC as of this month, while microstrategy owns about 214,246 bitcoins as of last month, less than what blackrock's holding.Upon the factors that influence the price of Bitcoin, we all know that whales are one factor that contributes to the price volatility of Bitcoin. So, in the future, it will definitely contribute to the impact of the BTC price. 

[taufik123]

Based on your question, I know that MicroStrategy, Galaxy Digital Holdings, Marathon Digital Holdings, Tesla, and Coinbase Global are some of the of the top investors in Bitcoin, and they hold a great deal of it. Also, based on my research, blackrock holds about 256,681 BTC as of this month, while microstrategy owns about 214,246 bitcoins as of last month, less than what blackrock's holding.Upon the factors that influence the price of Bitcoin, we all know that whales are one factor that contributes to the price volatility of Bitcoin. So, in the future, it will definitely contribute to the impact of the BTC price. 

The amount of investment is increasing, and its value is increasing enough, it is higher.
This makes some institutions that invest in Bitcoin have quite a lot of profits.

Let's see, how Tesla was initially quite serious about Bitcoin, Until now Tesla continues to collect Bitcoin.

Total Bitcoins held: 9,720 BTC and Current investment value (April 5, 2024): $324 million.
Tesla has also sold some of their Bitcoin holdings in 2022 by about 75% with the value of Bitcoin at the time $926 Million.
But now they're starting to re-enter and buy gradually, and Elon Musk says it's going to be held for the long term.

[Moreno233]

Based on your question, I know that MicroStrategy, Galaxy Digital Holdings, Marathon Digital Holdings, Tesla, and Coinbase Global are some of the of the top investors in Bitcoin, and they hold a great deal of it. Also, based on my research, blackrock holds about 256,681 BTC as of this month, while microstrategy owns about 214,246 bitcoins as of last month, less than what blackrock's holding.Upon the factors that influence the price of Bitcoin, we all know that whales are one factor that contributes to the price volatility of Bitcoin. So, in the future, it will definitely contribute to the impact of the BTC price. 

The amount of investment is increasing, and its value is increasing enough, it is higher.
This makes some institutions that invest in Bitcoin have quite a lot of profits.

Let's see, how Tesla was initially quite serious about Bitcoin, Until now Tesla continues to collect Bitcoin.

Total Bitcoins held: 9,720 BTC and Current investment value (April 5, 2024): $324 million.
Tesla has also sold some of their Bitcoin holdings in 2022 by about 75% with the value of Bitcoin at the time $926 Million.
But now they're starting to re-enter and buy gradually, and Elon Musk says it's going to be held for the long term.

Tesla was not too fair to Bitcoin in the last market cycle and I can say that overall they hurt Bitcoin more than helped because what they did was pure price manipulation. They raised the hope of people, who were eager to see Bitcoin accepted in the mainstream, when they announced that Tesla will be accepting Bitcoin for the purchase of their electric cars, little did we know that they will change their mind so fast. Maybe they thought about the regulatory aspect of it as well as the taxation and decided not to put their business at any form of risk.

Therefore, I am not too comfortable with institution such as Tesla getting involved in Bitcoin because of their antecedents. It will be really hard to believe the words of Elon Musk regarding investment in Bitcoin.

[Mate2237]

What are some major institutions investing heavily in bitcoins in 2024 ?  And how is it going to impact the future prices for bitcoin according to you ?

Based on your question, I know that MicroStrategy, Galaxy Digital Holdings, Marathon Digital Holdings, Tesla, and Coinbase Global are some of the of the top investors in Bitcoin, and they hold a great deal of it. Also, based on my research, blackrock holds about 256,681 BTC as of this month, while microstrategy owns about 214,246 bitcoins as of last month, less than what blackrock's holding.Upon the factors that influence the price of Bitcoin, we all know that whales are one factor that contributes to the price volatility of Bitcoin. So, in the future, it will definitely contribute to the impact of the BTC price. 

Yes those are some of the companies that have invested heavily in bitcoin this year and I also read a flash news about MicroStrategy that the company has acquired more bitcoins of that amount to $2,5 billions but I can't really get the exact figure again and little research on it provide this to me but I will not rely on this for now.

The enterprise software maker, whose corporate strategy includes buying the digital currency, purchased 9,245 Bitcoin for $623 million between March 11 and March 18, according to a US Securities and Exchange Commission filing on Tuesday.

https://www.bloomberg.com/news/articles/2024-03-19/microstrategy-owns-about-1-of-all-bitcoin-with-latest-purchase-mstr
But I will still check on fillippone thread to see the exact amount. And there is one company which is competing with microstrategy in possession of bitcoin.

[Upgrade00]

And how is it going to impact the future prices for bitcoin according to you ?

Institutional investors can hold Bitcoin for much longer periods of time, bitcoins which could have otherwise increased sell pressure on the market or could have been dumped by panic sellers during dips in the market. The major benefit this has on Bitcoin is that bear curves will not be as steep as it used to be and recoveries between bull periods will start to have less and less dips between.

[yhiaali3]

As far as I know, the two largest companies currently investing in Bitcoin and holding the largest amounts of Bitcoin are MicroStrategy and BlackRock.

Of course, there are many other companies, but these two companies are the largest in terms of the number of Bitcoins they own, and they are constantly working to increase their possession of Bitcoins.

Of course, then come the ETF companies in general, which are also trying to increase their stocks. Distributing Bitcoin among this company is better for the market and decentralization.

[The Cryptovator]

I don't know exactly how many companies are accumulating bitcoin this year. But always, I have seen MicroStrategy around Twitter posting about their new accumulation. Due to ETF, many brokers, including BlackRock, are heavily investing in Bitcoin. As a result, we can see Bitcoin flying around. So definitely, new institutional investors are having a huge impact on Bitcoin value lately. I think more institutions will be interested next year, especially when halving ends. There would be another bull trend later halving. 

[seoincorporation]

Not only institutions, we should think about the countries who are investing in bitcoin too, like El Salvador, they made public their cold wallets some weeks ago, and they are holding more than 5,000 BTC now.

You can see on the next link the companies who have invested in Bitcoin and how many BTC they have, the list was posted on 9/Jan/2024
https://www.statista.com/statistics/1228305/publicly-listed-companies-with-bitcoin/

MicroStrategy (U.S.)   189,150
Marathon Digital Holdings Inc (U.S.)   15,174
Tesla, Inc (U.S.)   10,725
Hut 8 Corp (Canada)   9,195
Coinbase Global, Inc. (U.S.)   9,000
Galaxy Digital Holdings (U.S.)   8,100
Block, Inc. (U.S.)   8,027
Riot Platforms, Inc. (U.S.)   7,362
Bitcoin Group SE (Germany)   3,830
CleanSpark Inc (U.S.)   3,002
Voyager Digital LTD (Canada)   2,287
NEXON Co. Ltd (Japan)   1,717
HIVE Digital Technologies (Canada)   1,707

[btc78]

What are some major institutions investing heavily in bitcoins in 2024 ? 

Microstrategy Inc., Galaxy digital holdings, and Marathon digital holdings are top three biggest companies that hold the most bitcoin. There are much more that might be a little more familiar to others.

And how is it going to impact the future prices for bitcoin according to you ?

It’s not. The only way these companies can impact the value is if they buy and sell without being careful and considerate of how this will affect the movement of the market. But this doesn’t mean that if they sell, I would also sell.

Their opinion of bitcoin is important to check but it is not the ultimate judgment.

[Benedictare]

   
1.Barry Silbert is the founder of Digital Currency Group, which invests in popular cryptocurrency and blockchain companies.
Digital Currency Group has invested in 218 blockchain- and cryptocurrency-related companies.Other portfolio companies include Genesis, a liquidity provider—an entity that funds a pool with cryptocurrency—for cryptocurrency buyers and sellers in the over-the-counter market. Digital Currency Group also invests in Grayscale Investments, which manages the Bitcoin Trust (GBTC), an investment vehicle that holds $15.6 billion in bitcoin as of Feb.19, 2023, which gives investors exposure to its price movements without requiring them to hold any directly.
2. Michael Saylor is the CEO of MicroStrategy, which is investing heavily in Bitcoin.
The co-founder and CEO of business intelligence firm MicroStrategy, Michael Saylor, believes that cryptocurrency is the next biggest investment. MicroStrategy increased its bitcoin holdings in 2022 by purchasing 8,813 bitcoins at an average price of $32,670. The company holds a total of 132,500 bitcoins as of Feb. 19, 2023.


3.Cameron and Tyler Winklevoss are believed to be the first Bitcoin billionaires, reportedly holding about 70,000 coins.
Cameron and Tyler Winklevoss are investors in several cryptocurrencies and blockchain-related businesses, most notably the privately-owned Gemini exchange. They are believed to be the first to reach billionaire status by investing in Bitcoin, reportedly holding about 70,000 coins, according to Forbes.4

The Winklevoss twins launched the Gemini exchange in 2015.7 The company allows investors to buy, sell, and store their digital assets. Gemini launched bitcoin futures on the CBOE Options Exchange (CBOE) in December 2017.8



4.Elon Musk's company Tesla purchased $1.5 billion in Bitcoin in 2021 but is down to $191 million as of its 2022 annual filings.Elon Musk is the CEO and co-founder of Tesla (and other companies). Tesla engineers and builds electric vehicles and clean energy products. As an innovative company standing at the forefront of technology, it should be expected that it would own cryptocurrency—Tesla purchased $1.5 billion worth of bitcoin in 2021 to begin accepting it as a form of payment.9 As of its 2022 annual report, the company has converted 75% of its digital assets, reducing its holdings to $191 million.
5. Michael Novogratz founded Galaxy Digital Holdings, a broker-dealer and cryptocurrency and digital asset management firm.

Galaxy Digital focuses on digital assets; in the third quarter of 2021, it purchased $62 million worth of non-fungible token (NFT) related companies.10 NFTs are digital assets that use blockchain technology for security and ownership identification. They became popular in 2021 after digital art secured by NFT technology began selling for millions of dollars.

Galaxy reported about $2 billion in assets under management in its third-quarter 2022 results, with $875 million of those assets used in its fund products.

Source:https://www.investopedia.com/articles/people/091516/top-5-investors-investing-bitcoin.asp

[hd49728]

Bitcoin Treasuries have information about institutional investors, public companies and governments too.

MicroStrategy is a first name to mention and they purchased bitcoins four times since 2024.  They already bought 25,095 bitcoins in 2024.
https://saylortracker.com/

Companies from Wall Street that purchase Bitcoin on behalf of their customers are other entities to mention but most of bitcoins they bought are not for themselves, but for customers, and those bitcoins were stored, secured by third party custodians like Coinbase.
https://www.coinglass.com/bitcoin-etf

[CODE200]

MicroStrategy (U.S.)   189,150
Marathon Digital Holdings Inc (U.S.)   15,174
Tesla, Inc (U.S.)   10,725
Hut 8 Corp (Canada)   9,195
Coinbase Global, Inc. (U.S.)   9,000
Galaxy Digital Holdings (U.S.)   8,100
Block, Inc. (U.S.)   8,027
Riot Platforms, Inc. (U.S.)   7,362
Bitcoin Group SE (Germany)   3,830
CleanSpark Inc (U.S.)   3,002
Voyager Digital LTD (Canada)   2,287
NEXON Co. Ltd (Japan)   1,717
HIVE Digital Technologies (Canada)   1,707

Wow, the 2nd in the leaderboard is so far from the 1st place, that's a really good way to see how dominant MicroStrategy is when it comes to bitcoin accumulation, there's got to be a threshold as to when they're going to sell any amount of that bitcoin, definitely not a bad idea if they do right now and it's going to be chaotic for the market if they ever sell because it's definitely going to make the price go down once MS takes profit and a lot of these companies in the leaderboard will definitely follow MS and take their own profits, we're going to see bitcoin go down more than we've ever seen, that's a guarantee and with that possibility it's probably a good idea to start saving some fiat now and be ready for the case that you're going to need to buy because of how low the price of bitcoin is.

[Iranus]

Based on your question, I know that MicroStrategy, Galaxy Digital Holdings, Marathon Digital Holdings, Tesla, and Coinbase Global are some of the of the top investors in Bitcoin, and they hold a great deal of it. Also, based on my research, blackrock holds about 256,681 BTC as of this month, while microstrategy owns about 214,246 bitcoins as of last month, less than what blackrock's holding.Upon the factors that influence the price of Bitcoin, we all know that whales are one factor that contributes to the price volatility of Bitcoin. So, in the future, it will definitely contribute to the impact of the BTC price. 

The amount of investment is increasing, and its value is increasing enough, it is higher.
This makes some institutions that invest in Bitcoin have quite a lot of profits.

Let's see, how Tesla was initially quite serious about Bitcoin, Until now Tesla continues to collect Bitcoin.

Total Bitcoins held: 9,720 BTC and Current investment value (April 5, 2024): $324 million.
Tesla has also sold some of their Bitcoin holdings in 2022 by about 75% with the value of Bitcoin at the time $926 Million.
But now they're starting to re-enter and buy gradually, and Elon Musk says it's going to be held for the long term.

Tesla was not too fair to Bitcoin in the last market cycle and I can say that overall they hurt Bitcoin more than helped because what they did was pure price manipulation. They raised the hope of people, who were eager to see Bitcoin accepted in the mainstream, when they announced that Tesla will be accepting Bitcoin for the purchase of their electric cars, little did we know that they will change their mind so fast. Maybe they thought about the regulatory aspect of it as well as the taxation and decided not to put their business at any form of risk.

Therefore, I am not too comfortable with institution such as Tesla getting involved in Bitcoin because of their antecedents. It will be really hard to believe the words of Elon Musk regarding investment in Bitcoin.

They are business corporations and investors, what do you expect from them? Not only Tesla, but also Blockrock or MicroStrategy...any institution is investing in bitcoin to make profits. If they haven't sold their bitcoins yet, you consider them angels but when they take profits and dump their bitcoins you will soon call them bastards like Tesla. Whatever you consider bitcoin to be, they don't care and for them it is a financial market, a place for them to make profits and earn the profits they need to buy and sell.

Also, you feel uncomfortable with them investing in bitcoin but is there anything you can do to stop them? No, there's nothing you can do. So ignore what they do, adapt to everything and focus on your investment. That's something you and we can do.

[Lucius]

Based on your question, I know that MicroStrategy, Galaxy Digital Holdings, Marathon Digital Holdings, Tesla, and Coinbase Global are some of the of the top investors in Bitcoin, and they hold a great deal of it.
~snip~

Except for Microstrategy, all these other companies are real dwarfs with their investments considering how much they are actually worth. It seems to me that some of these companies are buying Bitcoin just to draw a little more attention to themselves, but they are far from serious investors.

As for Tesla and their great leader, some information appeared that they started buying BTC again, although some say that it might just be an accounting error.

[kryptqnick]

Well, there are companies that got their Bitcoin ETF approvals this year. If I got it right (because it turned out to be harder to find this info than I anticipated), they include Grayscale, BlackRock (iShares), Fidelity, VanEck, and some others. Then there's, of course, MicroStrategy, famous for its Bitcoin investments. So it seems that at least several major investment companies adopted Bitcoin, and I suppose the premature Bitcoin bull market can be attributed to that. We've already seen what the anticipation of approval at the end of last year and the actual approval this year got us in terms of the price: Bitcoin fully recovered and established a new ATH point. But I think we've already got all or most of the growth that comes from solid investments by big companies.

[Rabbitqt]

What are some major institutions investing heavily in bitcoins in 2024 ?  And how is it going to impact the future prices for bitcoin according to you ?

1. Large financial institutions such as JPMorgan Chase, Goldman Sachs, and Citibank.
2. Hedge funds like Renaissance Technologies and Bridgewater Associates.
3. Technology companies such as Square and MicroStrategy.
4. Sovereign wealth funds from countries like Singapore and Norway.

In the short term, this is positive, but I fear these massive players are nothing more than an attempt at control and mass accumulation. What I fear the most is what will happen when the supply dries up, and the only people holding are these traditional industries—everything that Bitcoin should be going against.

[Dr.Bitcoin_Strange]

Based on your question, I know that MicroStrategy, Galaxy Digital Holdings, Marathon Digital Holdings, Tesla, and Coinbase Global are some of the of the top investors in Bitcoin, and they hold a great deal of it.
~snip~

Except for Microstrategy, all these other companies are real dwarfs with their investments considering how much they are actually worth. It seems to me that some of these companies are buying Bitcoin just to draw a little more attention to themselves, but they are far from serious investors.

There is no doubt in what you have said, because if those other companies are serious about buying Bitcoin consistently with their strategy, they definitely will be very popular, like Micro Strategy, Black Rock, and Tesla. 

It is only when someone carries out a random search about a big investor in Bitcoin that they can come across the names of several Bitcoin investors, while an average Bitcoiner would first mention Micro Strategy as the big investor in Bitcoin because of how popular the name has become and how consistent they are in steadily buying Bitcoin. 

[Fivestar4everMVP]

What are some major institutions investing heavily in bitcoins in 2024 ?  And how is it going to impact the future prices for bitcoin according to you ?

Well, there are many of them to be honest, and personally, I won't be able to name them all, but first, we much recognize Microstrategy for that company's strong and unwavering believe in the the future of bitcoin and cryptocurrencies in general.

And after bitcoin Spot ETF was approved, major asset holders like Blackrock, Grayscale, Vanguard and so on and on all purchased various numbers of bitcoin, and even after the ETF was approved, I trust that this institutions plus alot of others have also purchased a lot of bitcoins as well.

Tesla is also a very popular name in the world of bitcoin investment, Elon musk announced when tesla bought its bitcoins, but later on, also announced when tesla also sold some of the bitcoin, and till date, Elon musk have never made any annoument again on Tesla selling it's remaining part of bitcoin they bought, which suggests that the company is still holding the remaining part of their bitcoin stash they kept after selling some.
Elon musk himself, I believe owns alot of bitcoins.

And speaking on the effect this has, or will have on the price of bitcoin, what other effect will it have if not that this will make the price of bitcoin go up significantly in the future, all this names are really big names and are likely not to sell their bitcoins anytime soon, so, while all this bitcoin are held in wallets that may never move them for several years from now, there are less bitcoin in the market and the more demand for bitcoin increases, so will the price of bitcoin as well will increase.

[taufik123]

-snip-
Maybe they thought about the regulatory aspect of it as well as the taxation and decided not to put their business at any form of risk.

Therefore, I am not too comfortable with institution such as Tesla getting involved in Bitcoin because of their antecedents. It will be really hard to believe the words of Elon Musk regarding investment in Bitcoin.

They are business corporations and investors, what do you expect from them? Not only Tesla, but also Blockrock or MicroStrategy...any institution is investing in bitcoin to make profits. If they haven't sold their bitcoins yet, you consider them angels but when they take profits and dump their bitcoins you will soon call them bastards like Tesla. Whatever you consider bitcoin to be, they don't care and for them it is a financial market, a place for them to make profits and earn the profits they need to buy and sell.

Also, you feel uncomfortable with them investing in bitcoin but is there anything you can do to stop them? No, there's nothing you can do. So ignore what they do, adapt to everything and focus on your investment. That's something you and we can do.

At the end of the day it's all about profit, no institutional or large corporate investor avoids big profits.
Tesla is even too quick to take advantage of the regulatory and taxation issues they will face, of course,
it will reduce their profits and eventually have to sell about 75% of their ownership but then in 2024 buy back.

And big companies like MicroStrategy, Blackrock etc. are just holding back longer to accumulate more Bitcoins.
There are times when they will drop some of their Bitcoin to take profits, of course this is very normal,
but it will cause the price of bitcoin to drop and retail traders start to panic.

Panic will only be cheaper repurchases for large companies.
Nothing can stop big companies from continuing to buy or sell, they have more money, and it is easier to manipulate and speculate.