Bitcoin Holders Refuse to Sell Despite Massive Gains
Despite Bitcoin's record-breaking surge to over $117,000, major institutional holders are refusing to sell.
Strategy's Bitcoin Empire
Strategy, a software company turned Bitcoin holding giant, boasts nearly 600,000 BTC, resulting in an estimated $28 billion in unrealized profit. Co-founder Michael Saylor has repeatedly stated he has no intention of selling.
Metaplanet and El Salvador's Gains
Japanese firm Metaplanet holds 15,555 coins, now worth roughly $1.83 billion, translating to an unrealized profit of $284 million. El Salvador, the first nation to adopt Bitcoin as legal tender, holds 6,234 BTC worth nearly $733 million, turning losses into a $232 million paper gain.
Other Beneficiaries and the 'Maxi' Mentality
Semler Scientific and France's Blockchain Group are also riding the rally. Many of these holders, known as "Bitcoin maxis," are committed to holding the asset indefinitely, demonstrating strong faith in its long-term potential.