Bitcoin returns to $60,000. How are mainstream institutions' holdings and profit and loss performance?

Original Author: Nancy, PANews

After more than two years, Bitcoin has once again crossed the $60,000 mark, and its price against various fiat currencies has reached an all-time high. As Bitcoin prices soar, the "whales" with heavy holdings are also reaping substantial profits. This article by PANews reviews the holdings and profit situations of 8 mainstream institutions and countries, with an average floating profit exceeding $1.12 billion and an average return rate of 134.8%. Among them, the U.S. government, MicroStrategy, Marathon Digital, and Coinbase Global have the largest holdings. Meanwhile, compared to other institutions, Meitu, El Salvador, and Tesla have the highest purchase costs.

U.S. Government

The U.S. government is one of the largest holders of Bitcoin in the world, acquiring massive amounts of Bitcoin through various legal actions at "zero cost." 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

The "big bull" MicroStrategy is the publicly traded company with the most Bitcoin holdings globally. According to Saylortracker data, as of February 29, MicroStrategy holds a total of 193,000 Bitcoins (currently valued at over $11.893 billion), with an average purchase cost of approximately $31,780 per Bitcoin, resulting in a floating profit of over $6.135 billion and an investment return rate of 100.03%.

Marathon Digital

Marathon Digital is one of the largest Bitcoin miners in North America, and its stock price has recently reached a two-year high due to Bitcoin market trends. According to Bitcoin Treasuries data, as of February 29, Marathon Digital holds a total of 15,741 Bitcoins (currently valued at $967 million), with an average purchase cost of $13,785, resulting in a floating profit of over $777 million and an investment return rate exceeding 411.4%.

Coinbase Global

Coinbase Global is the first publicly listed cryptocurrency company in the United States. According to Bitcoin Treasuries data, as of February 29, Coinbase Global holds a total of 9,480 Bitcoins (currently valued at $497 million), with an average purchase cost of $23,294, resulting in a floating profit of nearly $362 million and an investment return rate exceeding 163.8%.

Tesla

Tesla is a "diamond hand," having not engaged in any buying or selling of Bitcoin for six consecutive quarters since the second quarter of 2022. According to Bitcoin Treasuries data, as of February 29, Tesla holds a total of 9,720 Bitcoins (currently valued at $602 million), with an average purchase cost of approximately $34,722, resulting in a floating profit of over $259 million and an investment return rate of 77%.

Block Inc.

Block Inc. is a fintech company co-founded by former Twitter CEO Jack Dorsey, who is a staunch supporter of Bitcoin. According to Bitcoin Treasuries data, as of February 29, Block Inc. holds a total of 8,027 Bitcoins (currently valued at $497 million), with an average purchase cost of $27,407, resulting in a floating profit of approximately $273 million and an investment return rate exceeding 124.2%.

El Salvador

As the first country in the world to adopt Bitcoin as legal tender, El Salvador's Bitcoin holdings have been in loss for the past two years. With this year's remarkable Bitcoin surge, El Salvador has turned a profit, and President Nayib Bukele recently stated that the country has no plans to sell its Bitcoin. According to Nayibtracker data, as of February 29, El Salvador holds a total of 2,849 Bitcoins (currently valued at over $17.5 million), with an average purchase cost of $42,504, resulting in a floating profit of over $60.99 million and an investment return rate of approximately 49.63%.

Meitu

As the first Hong Kong-listed company to publicly hold Bitcoin, Meitu has spent heavily on multiple purchases of Bitcoin and Ethereum, but due to the market crash, it has suffered significant losses and has not made any further cryptocurrency purchases since 2021. Meitu stated last year that the company no longer focuses on or purchases such assets and may sell them at an appropriate time. According to CoinGecko data, as of February 29, Meitu holds a total of 940 Bitcoins (currently valued at $5.8254 million), with an average purchase cost of $52,659, resulting in a floating profit of over $8.754 million and an investment return rate exceeding 17.7%.