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Topic: Bitcoin - Institutional Investments in 2020 and beyond - page 3. (Read 524 times)

legendary
Activity: 2114
Merit: 1150
https://bitcoincleanup.com/
I am creating this topic to track all institutional investments in Bitcoin up to this point and beyond,
Track the movements of big players and mutual funds.
legendary
Activity: 2156
Merit: 1151
Nil Satis Nisi Optimum
I am creating this topic to track all institutional investments in Bitcoin up to this point and beyond, there were a massive investments in 2020, and this probably propelled BTC into new highs, reaching ATH above $40k USD.

The list will consist from the investment groups and funds that published their involvement and total funds with them, without Grayscale, since that is a custodian for a large number of individual investors, which is arguably the biggest BTC holder at the moment with above 600k BTC at the moment, according to their website https://grayscale.co/bitcoin-trust/

May 2020 - Paul Tudor Jones


BVI Fund invested small part of their portfolio (there is no disclosure how much) into BTC, as a hedge from "The Great Monetary Inflation", and Tudor explained that BTC remains him on Gold, when he started investing business in 1976

https://www.cnbc.com/2020/05/11/paul-tudor-jones-calls-bitcoin-a-great-speculation-says-he-has-almost-2percent-of-his-assets-in-it.html

August 2020 - Microstrategy


Microstrategy bought 21.454 BTC for $250 million, as their CEO Michael Saylor changed his mind regarding BTC, and became a Bitcoin maximalist, they added to the holdings two times, first buying for $175 million more BTC and then issuing convertible senior notes to purchase more BTC, for $650 million, with their final position amounts almost $1.1 billion USD spent and 70.470 BTC bought, which is above $2.5 billion at the moment

https://www.microstrategy.com/en/company/company-videos/microstrategy-announces-over-1b-in-total-bitcoin-purchases-in-2020
https://news.bitcoin.com/microstrategy-buys-29646-more-bitcoins-holds-over-1-billion-btc/
https://www.coindesk.com/microstrategy-buys-more-bitcoin

October 2020 - Square


Square announced as well that they will buy BTC for their treasury and bought 4.709 BTC for $50 million

https://squareup.com/us/en/press/2020-bitcoin-investment

November 2020 - Stanley Druckenmiller

Stanley had an interview on CNBC and proclaimed that he own more gold than BTC, but that he thinks that "if the gold bet works, the bitcoin bet will probably work better"

https://www.coindesk.com/druckenmiller-invests-bitcoin

November 2020 - PayPal


PayPal announced in November that their users in US can buy BTC, among other three cryptocurrencies directly through-out their account, and, according to cryptoslate portal, they have bought BTC in amount of 70% newly minted BTC in November, through Ibit provider

https://www.reuters.com/article/paypal-cryptocurrency/update-1-paypal-to-open-up-network-to-cryptocurrencies-idUSL1N2HC0PL
https://cryptoslate.com/bitcoin-shortage-paypal-bought-70-of-all-mined-btc-last-month/

December 2020 - MassMutual


MassMutual, an insurance firm, first one of the kind, announced that they bought $100 million BTC for their general investment account. It is a small part of their portfolio, but first step into BTC world from one insurance firm

https://www.investopedia.com/decoding-insurance-giant-massmutuals-bitcoin-investment-5092586

December 2020 - Ruffer Investment


On December 16, Ruffer Investment, UK based investment management fund bought $744 million into Bitcoin, indicating that they are hedging their much larger gold position
edit: 20210203 - their position is cut-down on half in BTC, same USD value, after having great gains during January

https://www.coindesk.com/ruffer-confirms-744m-bitcoin-investment

December 2020 - One River


One River announced that they bought over $600 million into BTC, and that they are planning to build up their position to $1 billion in near future, buying both BTC and ETH

https://news.bitcoin.com/1-billion-bitcoin-ether-one-river-hedge-fund-increase-holdings-600-million/
https://www.coindesk.com/one-river-digital-alan-howard-crypto-fund


Disclaimer: this is not an investment advise, just information list

20210114 - PayPal purchase added
20210203 - Ruffer sale activity added
20210208 - Tesla announced 1,5 billion USD holdings
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