Original author: Nancy, PANews

After more than two years, Bitcoin has once again reached the $60,000 mark for the first time, and its price has reached a record high against a variety of legal currencies. As the price of Bitcoin soared, the giant whales with heavy positions also made a lot of money. In this article, PANews took stock of the positions and profits of 8 mainstream institutions and countries. The average floating profit exceeded US$1.12 billion, and the average return rate reached 134.8%. Among them, the U.S. Government, MicroStrategy, Marathon Digital and Coinbase Global have the largest holdings. At the same time, Meitu, El Salvador and Telsa have the highest acquisition costs compared to other institutions.

American government

The U.S. government is one of the largest holders of Bitcoin in the world, and has purchased huge amounts of Bitcoin for zero yuan in various legal actions. Arkham Intelligence data shows that as of February 29, the U.S. government held more than 200,000 Bitcoins (currently worth more than $12.44 billion).

MicroStrategy

“Multiple Bull” MicroStrategy is the listed company that holds the largest number of Bitcoins in the world. Saylortracker data shows that as of February 29, MicroStrategy held a total of 193,000 Bitcoins (currently worth over US$11.893 billion). The average purchase cost of each Bitcoin was approximately US$31,780, and its floating profit exceeded US$6.135 billion. The return on investment reaches 100.03%.

Marathon Digital

Marathon Digital is one of the largest Bitcoin miners in North America, and its stock price has recently hit a two-year high due to the impact of the Bitcoin market. Bitcoin Treasures data shows that as of February 29, Marathon Digital held a total of 15,741 Bitcoins (currently worth US$967 million), with an average purchase cost of US$13,785, and a floating profit of over US$777 million. Investment The return rate exceeds 411.4%.

Coinbase Global

Coinbase Global is the first U.S. company in the cryptocurrency space to go public. Bitcoin Treasures data shows that as of February 29, Coinbase Global held a total of 9,480 Bitcoins (currently worth US$497 million), with an average purchase cost of US$23,294, and a floating profit of nearly US$362 million. The return on investment Over 163.8%.

Telsa

Telsa is a diamond player and has not conducted any buying or selling operations on Bitcoin for 6 consecutive quarters since the second quarter of 2022. Bitcoin Treasures data shows that as of February 29, Telsa held a total of 9,720 Bitcoins (currently worth US$602 million), with an average purchase cost of approximately US$34,722, and a floating profit of over US$259 million. Investment The return rate is 77%.

Block Inc.

Block Inc. is a financial technology company co-founded by Jack Dorsey, the former CEO of Twitter and a huge fan of Bitcoin. Bitcoin Treasures data shows that as of February 29, Block Inc. held a total of 8,027 Bitcoins (currently worth US$497 million), with an average purchase cost of US$27,407, and a floating profit of approximately US$273 million. The return on investment exceeds 124.2%.

El Salvador

As the first country in the world to adopt Bitcoin as legal tender, El Salvador’s Bitcoin holdings have been losing money over the past two years. As Bitcoin has surged this year, El Salvador has also turned a profit, and President Nayib Bukele recently said that the country has no plans to sell Bitcoin. Nayibtracker data shows that as of February 29, El Salvador held a total of 2,849 Bitcoins (currently worth over US$175 million), with an average purchase cost of US$42,504, and a floating profit of over US$60.099 million. The return on investment is approximately is 49.63%.

beautiful pictures

As the first Hong Kong-listed company to publicly hold Bitcoin, Meitu has spent huge sums of money to purchase Bitcoin and Ethereum many times. However, it has suffered serious losses due to the plummeting market and has basically not purchased cryptocurrencies since 2021. Meitu said last year that the company would no longer focus on and buy such assets and might sell them at the appropriate time. CoinGecko data shows that as of February 29, Meitu held a total of 940 Bitcoins (currently valued at US$58.254 million). The average purchase cost was US$52,659. The floating profit exceeded US$8.754 million, and the return on investment exceeded US$8.754 million. 17.7%.