Recent U.S. 13F filings have been gradually released, according to which, in the past quarter, 206 U.S.-listed companies with assets exceeding $100 million have confirmed holding positions in Bitcoin spot ETFs.
(Preceding context: Institutional Investors Frenzy Buying Cheap BTC? U.S. 13F Report: 701 Institutional Funds Bought Bitcoin Spot ETF in Q2)
(Background: CZ: If You Believe in “Bitcoin Is Dead” Rhetoric, It’s Your Own Fault…BTC Approaches $90,000 Barrier)
Recent U.S. 13F filings have been gradually released, according to which, in the past quarter, 206 U.S.-listed companies with assets exceeding $100 million have confirmed holding positions in Bitcoin spot ETFs.
The 13F filing (English name 13Filings or SEC Form 13F) refers to the quarterly disclosure reports that large institutional investors in the United States are required to file. The U.S. Securities and Exchange Commission (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 information on the allocation of 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 State Retirement Fund, among others.
Notably, Sharmin Mossavar-Rahmani, Chief Investment Officer of Goldman Sachs Asset Management, expressed skepticism about cryptocurrencies in April this year, stating:
However, Goldman Sachs not only holds Bitcoin spot ETFs but has also increased its position 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 grow (or perhaps the institution says one thing and does another).
Solidion Technology Announces Bitcoin Strategy
Notably, besides 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 use 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 Surged 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, known as the “Japanese MicroStrategy” Metaplanet, and Singapore-based education company Genius Group, which recently announced a Bitcoin-first strategy, have also seen their stock prices rise, demonstrating that purchasing Bitcoin has become a stock market magic weapon 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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