Important Points
- Strategy currently has nearly 600,000 BTC, resulting in a staggering $28 billion in unrealized profits at present values.
- El Salvador, along with Metaplanet and Semler Scientific, has accrued significant paper gains through their Bitcoin engagements.
- Despite these profits, major Bitcoin holders, including Michael Saylor from Strategy, have expressed no immediate plans to sell.
Bitcoin is trading at an all-time high, surpassing $117,000, yet major institutional investors are opting to retain their vast profits instead of liquidating their holdings. Strategy, a company that has transformed from a software provider to a major Bitcoin holder, controls almost 600,000 BTC and has garnered an unrealized profit of approximately $28 billion based on current values.
According to data from BitcoinTreasuries.Net, Strategy holds this Bitcoin on its balance sheet, while BlackRock’s holdings are tied to an investment trust for its investors.
Michael Saylor, the co-founder of Strategy, has consistently stated that he will not sell, notably remarking during Bitcoin’s previous price surge, “The halls of eternity echo with the cries of those who sold their Bitcoin.”
Rival holders like Metaplanet have amassed 15,555 BTC, leading to unrealized profits of about $284 million. El Salvador, the pioneering country in adopting Bitcoin as legal currency, holds 6,234 BTC. Their initial investment has produced $232 million in paper gains, marking a recovery from previous downturns during the bear market.
Smaller enterprises, such as Semler Scientific, mimic the treasury strategies seen in other major holders, owning 4,636 BTC with gains totaling $160 million on paper.
