Bitcoin has surged past the $60,000 mark for the first time in over two years, setting new all-time highs against multiple fiat currencies. As prices skyrocket, major institutional "whales" are reaping significant profits. This article examines the holdings and unrealized gains of 8 key institutions and governments, revealing an average unrealized profit of over $1.12 billion and an average return rate of 134.8%. The US Government, MicroStrategy, Marathon Digital, and Coinbase Global hold the largest positions, while Meitu, El Salvador, and Tesla face the highest acquisition costs.
US Government
The US Government is among the world's largest Bitcoin holders, accumulating vast quantities through law enforcement actions. According to Arkham Intelligence, as of February 29, the US holds over 200,000 BTC (valued at ~$124.4 billion), seized at near-zero cost.
👉 How governments profit from Bitcoin seizures
MicroStrategy
The "big bull" of corporate Bitcoin, MicroStrategy holds more BTC than any other publicly traded company. Saylortracker data shows 193,000 BTC (~$118.93 billion) as of February 29, with an average cost basis of **$31,780 per BTC. Current unrealized profits exceed $61.35 billion, yielding a 100.03% ROI**.
Marathon Digital
This North American mining giant holds 15,741 BTC (~$9.67 billion) at an average cost of **$15,785, per Bitcoin Treasuries. Unrealized gains: $7.77 billion (411.4% ROI**).
Coinbase Global
The first U.S.-listed crypto company holds 9,480 BTC (~$4.97 billion), acquired at **$23,294 per BTC. Unrealized profits: $3.62 billion (163.8% ROI**).
Tesla
Tesla has held steady since Q2 2022, maintaining 9,720 BTC (~$6.02 billion) at an average cost of **$34,722. Current gains: $2.59 billion (77% ROI**).
👉 Why Tesla holds Bitcoin long-term
Block Inc.
Jack Dorsey’s fintech firm owns 8,027 BTC (~$4.97 billion) at **$27,407 per BTC. Unrealized profits: $2.73 billion (124.2% ROI**).
El Salvador
The first Bitcoin-adopting nation now turns a profit after prolonged losses. Nayibtracker reports 2,849 BTC (~$1.75 billion) at **$42,504 per BTC, with $60.1 million in gains (49.63% ROI**).
Meitu
The Hong Kong-listed firm paused crypto purchases after 2021’s downturn. It holds 940 BTC (~$58.25 million) at **$52,659 per BTC, with $8.75 million in gains (17.7% ROI**).
FAQs
Q: Which institution has the highest Bitcoin ROI?
A: Marathon Digital leads with 411.4%, thanks to its low average purchase price of $15,785 per BTC.
Q: Why does the US government hold so much Bitcoin?
A: Primarily through seizures in law enforcement operations, acquired at minimal cost.
Q: Has El Salvador sold any Bitcoin?
A: No. President Nayib Bukele confirmed the country has no plans to sell its BTC holdings.