The largest institutional investors in crypto listed and ranked

If you asked large companies and institutional investors a few years ago to buy a significant amount of cryptocurrencies, you would most likely have been laughed at. But when the value of Bitcoin began to rise drastically, the whole world turned its attention to crypto, and we can definitely say that it was the starting point of the revolution in the financial system.

Nowadays, we see the world’s leading companies investing millions and billions in cryptocurrencies and the results have been huge until the 2022 crypto market crash.

From the very beginning of the year 2022, the Bitcoin price started to fall and today it shows one of the lowest numbers. This process has had a very negative impact on institutional investors as they have lost a significant portion of their holdings. As a result, some of them started selling part of their crypto holdings since the market experienced a severe decline.

However, there are a decent number of companies that have maintained their holdings as they hope the crypto market will rise again and they will get back even more money in the future. Below we will highlight some of the biggest institutional investors in crypto and show you the current situation they are in!

Micro strategy

We would like to start with MicroStrategy, which is a very popular platform that mainly specializes in business. They have adopted Bitcoin as a major reserve asset and the last two years have been the most prominent since the company accumulated millions of dollars of crypto. As of this writing, MicroStrategy has 129,699 Bitcoins which equates to approximately $2.8 billion.

However, given the fact that the crypto market experienced a crash, MicroStrategy began to lose a significant portion of its holdings. This has resulted in quite negative results for the company, but according to Bitindex AI, the CEO is not losing hope that BTC will one day reach millions. As we read in his statement, Bitcoin is a much better asset than gold these days; that is why he will continue to invest in this cryptocurrency until it reaches the highest possible numbers.

Galaxy Digital Holdings

Galaxy Digital Holdings is a merchant bank that mainly focuses on the crypto market and currently holds almost 16,500 Bitcoin. This is roughly over $360 million given the current price of Bitcoin. This company has established partnerships with the leading crypto firms ever since its launch, which is why it is considered one of the largest institutional investors in crypto.

However, unlike the CEO of MicroStrategy, the founder of this company believes that the volatility of BTC can be a significant disadvantage of the crypto market. The current situation has certainly proven his point, and he suggested that investors are holding less Bitcoin than gold because of this very reason. But the company remains the largest holder of BTC directly involved in the crypto industry.

Voyager Digital LTD

According to multiple sources, Voyager Digital has nearly 12,260 Bitcoins, which equates to approximately $267 million. The company has been generating quite good revenue for the past two years, and the CEO has stated that the recognition of cryptos as investable assets has grown dramatically during this period.

However, we have to say that the 2022 crypto market crash has been a disaster for Voyager Digital. They have revealed that the company had over $660 million of exposure to crypto investment firm Three Arrows Capital due to the current market conditions. As a result, they were forced to file for bankruptcy.

Tesla

Tesla is one of the most well-known companies in the world that started investing in crypto in December 2020. They had invested approximately $1.5 billion in Bitcoin at that time. The CEO of the company is Elon Musk, and he has been doing a lot of weird and confusing things ever since Tesla invested in Bitcoin. For example, he has decided to accept payment in Bitcoin, but after two months he has completely refused to do so since the consumption of fossil fuel for Bitcoin mining has grown rapidly.

Additionally, due to the drastic actions that took place during the coronavirus outbreak, Tesla has decided to sell 75% of Bitcoin, which is approximately $1 billion. They wanted to maximize their cash position and in case events take a desired turn, they will continue to invest in this cryptocurrency in the near future.

Marathon Digital Holdings

Marathon Digital Holdings is a Bitcoin mining company that has almost 10,055 Bitcoin, which is worth $218 million at today’s price. The main goal of this company is to become one of the largest Bitcoin mining operations at the lowest energy costs, and it is certainly on its way to doing so.

Currently, the company is mining Bitcoin for around $6,200 per coin since the operating costs are low these days!