Recent U.S. 13F filings have been gradually released. According to these reports, in the past quarter, 206 U.S.-listed companies with assets exceeding $100 million have confirmed holdings in Bitcoin spot ETFs.
(Previous context: Institutional whales buying cheap BTC? U.S. 13F report: 701 institutional funds bought Bitcoin spot ETFs in Q2)
(Background supplement: CZ: If you believe the “Bitcoin is dead” rhetoric, it’s your own fault… BTC approaches $90,000 threshold)
Recent U.S. 13F filings have been gradually released. According to these reports, in the past quarter, 206 U.S.-listed companies with assets exceeding $100 million have confirmed holdings in Bitcoin spot ETFs.
The 13F filing (English name 13Filings or SEC Form 13F) refers to the quarterly disclosure report that large U.S. institutional investors are required to file. The U.S. SEC mandates that institutional investors with assets under management exceeding $100 million must submit a 13F report within 45 days after the end of each quarter, disclosing their current holdings of U.S. equities and providing details on the allocation of their funds.
Goldman Sachs Holds Over $700 Million in Bitcoin Spot ETF
According to the 13F filings, the companies holding Bitcoin spot ETFs include: JPMorgan Chase, Goldman Sachs, Bank of Canada, HSBC, Morgan Stanley, Bank of America, UBS Group, and the Michigan Retirement Fund, among others.
Notably, Goldman Sachs’ Chief Investment Officer for Wealth Management, Sharmin Mossavar-Rahmani, expressed skepticism about cryptocurrencies in April this year, stating:
However, Goldman Sachs not only holds Bitcoin spot ETFs but has also increased its holdings from $400 million in August to over $700 million, indicating that even if the institution itself is not optimistic, client interest in Bitcoin continues to rise. (Or perhaps institutions say one thing and do another?)
Solidion Technology Announces Bitcoin Strategy
Notably, in addition to major U.S. banks and institutions increasing their Bitcoin holdings, several listed companies have recently announced their embrace of Bitcoin. For example, on November 14, U.S.-listed battery company Solidion Technology issued an announcement stating that it will allocate a significant portion of its excess cash reserves to purchase Bitcoin.
According to the announcement, Solidion Technology’s Bitcoin strategy includes:
– Allocating 60% of excess cash to purchase Bitcoin;
– Using interest income from cash held in money market accounts to purchase Bitcoin;
– Raising additional funds to purchase more Bitcoin in the future.
In response, Solidion Technology’s official statement reads:
Solidion Technology’s Stock Surges by 30%
Inspired by this strategy, Solidion Technology’s stock (STI) saw a significant increase yesterday, surging over 30% at one point and closing at $0.45.
Previously, companies like MicroStrategy, which has been consistently buying Bitcoin, and Metaplanet, often referred to as Japan’s MicroStrategy, along with Singapore-based education company Genius Group, which recently announced a Bitcoin-first strategy, have all seen their stock prices rise, demonstrating that purchasing Bitcoin has become a powerful tool for many companies:
– MicroStrategy: Up 11.44% over the past 5 days
– Metaplanet: Up 64% over the past month
– Genius Group: Up 70% over the past 5 days
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