Institutional Bitcoin reserves are growing: the top 100 holders account for 1,258,090 $BTC, with Strategy leading the list with a massive position of 845,256 $BTC.
Analysts at The Kobeissi Letter said that Strategy, formerly MicroStrategy, the largest corporate holder of Bitcoin, has faced what they estimate to be the largest unrealised loss in the history of its investments in the leading cryptocurrency.
Shares of the company led by Tom Lee fell another 5.9% on Wednesday, dropping below $17 and extending their decline to 28% since the beginning of May. The stock has now fallen below its February lows to the lowest level since the company announced its shift to an Ethereum treasury strategy in 2025.
El Salvador continues to purchase one bitcoin per day despite the cryptocurrency’s price decline. Under the leadership of Nayib Bukele, who marked seven years in office on June 1, the country has accumulated more than 7,000 bitcoins.
According to Grayscale, Elon Musk’s SpaceX could become the most valuable public company holding bitcoin after its expected IPO, while Strategy is likely to remain the largest holder by $BTC volume. Its S-1 filing lists 18,712 $BTC under “digital assets”.
Strategy has repurchased $1.5 billion of its own convertible notes maturing in 2029. The transaction was carried out at a discount of around 8% to par.
US Representatives Nick Begich and Jared Golden have introduced the American Reserve Modernization Act (ARMA) of 2026 — a bipartisan initiative that, if approved, would establish a US Strategic Bitcoin Reserve to be maintained for at least 20 years
Italy’s largest bank, Intesa Sanpaolo, significantly increased its cryptocurrency-related holdings during the first quarter of 2026. According to the released data, the bank expanded its crypto-related assets from approximately $100 million in the fourth quarter of 2025 to around $235 million as of March 31.
Forward Industries, which describes itself as the world’s largest corporate holder of Solana, reported a net loss of $585.6 million in its first-quarter earnings report. At present, the company’s unrealized losses have nearly reached $1 billion.
Bitmine Immersion Technologies added another 26,659 $ETH to its reserves. According to the company’s latest report, the total value of its crypto assets, cash holdings, and venture investments has reached $13.4 billion.
Cryptocurrency exchange Binance released a new version of its monthly “Proof of Reserves” report, aimed at demonstrating that user assets are backed on a one-to-one basis. The report includes user balances, blockchain wallet assets, and reserve ratios for Bitcoin, Ethereum, stablecoins, and many major altcoins.
The five largest known Bitcoin holders store more than 2.3 million Bitcoin worth approximately $191 billion on their balances, according to data from Bitcoin Treasuries as of May 6. This represents more than 11% of Bitcoin’s total possible supply, which is capped at 21 million coins.
Tether, the issuer of the world’s largest stablecoin, purchased about 6 metric tons of gold for its reserves in the first quarter, down from 27 tons in the October–December period, according to a quarterly report published on Friday.
Analytics firm CryptoQuant, which specializes in cryptocurrencies, highlighted an important development in its recently published data. According to the firm’s analysis, stablecoin reserves on Binance have decreased by approximately $1.5 billion. This decline suggests that investors may be taking profits, especially after the recent market rally.
Morgan Stanley Investment Management has launched the Stablecoin Reserves Portfolio, a government money market fund designed to meet investment requirements under the proposed GENIUS Act for stablecoin issuers.
Michael Saylor, founder of Strategy — a company focused on institutional Bitcoin treasury operations — once again drew attention with his latest post on X, where he used the phrase “₿back to Work.” Saylor’s message has fueled expectations that the company may be preparing to announce a new acquisition.
Українська
Русский
English