I can't even imagine that besides Binance, there are others that have more holdings of bitcoin, but it turns out that Binance actually has the most holdings, then Grayscale is next. But I was wondering why Blackrock is on this?
Then the Robinhood exchange also holds more bitcoins than Kucoin, Gate.io, Bitget, Bybit, and others that are on the top exchange in the market as well. This is just proof that bitcoin is still a big attraction in terms of long-term investment.
One thing you need to know is that most of all this institutions or exchanges you see that have high number of bitcoin in their holdings than this days top exchanges are because they were once the big exchanges until they had to either stop service or got hacked but since the bitcoin associated with them are still on the addresses unmoved That’s why they are on that list. Example is MtGotx and also bitfinix which have been long in the game than those you listed above but due to some of the reason stated above or policy issue many do not use them again.
they are not just smart but also risk taker , aside from Satoshi those listed Company/Person trusted Bitcoin when it is almost nothing , (well they only risk small amount lucky that they have learn this when the value is just Cents)
Not all of them actually believed in bitcoin from the start an example is Michael Saylor who was actually a big critic of bitcoin at first but later realized the potential. Some of these institutions had large funds to invest and when they realized they cash in big. Which I think should be one of the top priority of been a bitcoin holder. Have an outside funds where you turn to in case of emergency crises as this will aid you into been a long bitcoin holder
