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Top 10 “Whale” Institutions and Entities Holding BTC Worldwide When analyzing institutional Bitcoin holdings worldwide, the distinction between traditional finance (TradFi) and crypto-native giants is becoming increasingly clear. The market is primarily divided into two core camps: centralized custodians of spot ETFs and publicly listed companies with corporate treasuries. I. Traditional Asset Management Giants: Three-Way Race in Spot ETFs Since the approval and listing of U.S. spot ETFs, asset management giants have become the world’s largest BTC custodians through ETFs: * BlackRock (IBIT): Holds approximately 811,000 BTC. As the world’s largest spot Bitcoin ETF, IBIT has a significant capital-siphoning effect and leads by a wide margin. * Fidelity (FBTC): Holds approximately 260,000 BTC. Its independent custody system (Fidelity Digital Assets) has secured its position in the second tier of asset managers. * Grayscale (GBTC/BTC): Holds approximately 220,000 BTC. Though the long-established trust has seen outflows, it still has substantial reserves. II. Publicly Listed Company Treasuries: Strategy Leads the “Corporate Dollar-Cost Averaging” Race Ranked by BTC held directly on companies’ own balance sheets: * Strategy (formerly MicroStrategy): Holds 849,000 BTC (average cost approximately $66,384). It continues to make frequent large purchases through “stock issuance + debt issuance,” accounting for approximately 4.04% of the total BTC supply. * MARA Holdings: Holds approximately 43,000 BTC. A North American mining leader that adheres to a full-retention “HODL” strategy. * Metaplanet: Holds approximately 43,000 BTC. Dubbed “Asia’s MicroStrategy,” it actively uses low-interest yen financing to build treasury reserves. * Twenty One Capital: Holds approximately 43,000 BTC. An emerging player allocating assets to corporate treasuries. * Bullish: Holds approximately 24,000 BTC. An institutional-grade crypto trading and liquidity services provider. * Riot Platforms: Holds approximately 15,000 BTC. A traditional mining infrastructure giant. * CleanSpark: Holds approximately 13,000 BTC. A mining company focused on green energy. * Tesla: Holds approximately 10,000 BTC. A core long-term holding of Elon Musk’s company, with most of it remaining untouched. * Coinbase Global: Holds approximately 9,000–16,000 BTC (proprietary assets only; excludes customer funds held in custody). * Block, Inc.: Holds approximately 8,000 BTC. The payments giant led by Jack Dorsey makes regular purchases based on a fixed percentage of its profits. $BTC $BNB
Today's crypto market: another reminder not to mistake short-term volatility for a trend.
Bitcoin surged to around $80,000 yesterday, then pulled back today and traded in the $75,000–$78,000 range. The whole market got hammered alongside the Nasdaq and AI stocks, with long positions liquidated one wave after another. Market cap fell from nearly $2.7 trillion to around $2.6 trillion. It looks scary, but honestly, this move didn't surprise me at all.
My key takeaways:
1. Crypto still isn't truly “uncorrelated” It may claim to be an independent asset, but its actions tell the truth. When U.S. tech stocks fall and macro sentiment sours, BTC and ETH follow right away. As long as leverage remains and liquidity still relies mainly on the dollar system, this correlation won't disappear. Anyone hoping the “crypto narrative” will make them completely immune to traditional market risks might want to wake up. 2. There's too much short-term sentiment trading and too little genuine value investing After the midterm election results came out, shorts got squeezed and prices surged. Then the next day, one weak macro data point or a dip in stocks was enough to liquidate the longs. Back and forth, it's all a leveraged game. The people who can truly ride out the noise are still those who can hold BTC for years—not those staring at charts every day, shouting “It's going to $100K!” or “It's going to zero!” 3. My long-term view on BTC hasn't changed It's still the best candidate for “digital hard money” we have today. Its fixed supply, censorship resistance, and global transferability—these qualities will only become more valuable in an uncertain macro environment. But don't expect it to go up every day, and don't question the entire thesis because of one pullback. Volatility is part of its price. If you can't handle it, stay away. 4. The biggest thing to watch out for right now isn't a price drop—it's leverage The number of liquidations today shows that plenty of people in the market are still using high leverage to bet on direction. A bull market can make you money; a bear or sideways market can liquidate you. Personally, I prefer spot buying and holding for the long term, with less tinkering.
In short: Today's market action is “normal”—almost boringly so. Don't let daily price swings dictate your decisions. Managing your position size and thinking through your thesis are far more useful than checking the charts all day.
What do you think of this move? Do you think prices will keep sliding, or are people already gradually accumulating at these lows?
SpaceX May Be Planning to Build Arizona’s Largest AI Data Center
SpaceX has filed for a 6 GW data center in Arizona, next to a power plant, with electricity from the grid. Texas’s new governor wants to freeze new data centers, but has no authority here. The site is in Cochise County in southeastern Arizona, spans 747 acres, and is adjacent to the Apache Generating Station. Up to 9 data center buildings, in 4 phases. The first phase is about 1.5 GW, and construction power draw is set to begin in March 2027. All electricity will come from the grid; there will be no on-site power plant. Each building will have only about 10 MW of natural-gas emergency generation, plus 24 GWh of batteries. Dry cooling, with no cooling towers. At full capacity, annual water use will be 7 to 10 acre-feet, which the application says is equivalent to 20 to 30 households.
🔥🧧🧧🧧Fed rate-hike odds for December surge above 80% The Fed held rates steady at 3.75%–4.00% at its October meeting, but the vote was 10–2, with two members insisting on a rate hike. CME pricing shows the odds of another 25-bp hike in December have already topped 80%. The current tightening cycle led by Warsh is nowhere near over. Some institutions even expect another hike in 2027 after this one. A hawkish pause ≠ the start of a rate-cut cycle. It’s time to cool down those hopes for looser policy in crypto and U.S. stocks.
Do you think there really will be another rate hike in 2027? Let’s discuss in the comments.🎁🎁🎁🧧🧧🧧
⚠️Information shared for informational purposes only; not investment advice #美联储 #加息 #宏观 $BTC
✨ Debut Livestream Preview · Lucky Rain Rainny ⏰ November 10, 18:00–20:00 Market insights, thoughtful discussions, and a leisurely chat about the vast world of Web3 🌙 Looking forward to seeing you all in the livestream
In the crypto world, I only recognize Binance—aside from CZ’s integrity and Yijie. I only recognize @光明社区-明道 . Let’s build Binance together, and of course the Bright Community.
Market analysis. If prices can consistently return above and hold above MA25 and the recent 7-day high zone, while trading volume and open interest rise in tandem, risk appetite may improve. A rebound led by major cryptocurrencies would then be more likely to sustain its momentum.
Sideways scenario: If prices fluctuate within the recent 7-day high-low range and trading remains subdued, the market is more likely to stay range-bound. In this environment, capital tends to favor highly liquid major assets, and divergence among altcoins is likely to become more pronounced.
Weakening scenario: If the recent 7-day low zone is breached again, accompanied by rising volume and open interest, selling pressure may once again take the lead. In this environment, highly volatile assets typically face greater pullback risk.
Yesterday's market brief showed that $BTC ,$ETH ,$SOL edged up only slightly overall, suggesting that the market has yet to form a broad consensus around a strong trend. Going forward, it is especially worth tracking macro liquidity, regulatory news, spot trading volume, and whether futures funding rates and open interest begin to strengthen or weaken in tandem. #AMD超预期大涨,AI叙事延续? #币安将恢复更多资产提现
Red envelopes 🧧🧧 are waiting for you Hong Kong plans to establish a licensing regime for virtual asset trading, custody, advisory and management services. Christopher Hui, Deputy Secretary for Financial Services and the Treasury, said the relevant amendment bill will be submitted to the Legislative Council in 2026. According to Foresight News, Hui made the remarks at the main forum of the 11th Hong Kong FinTech Week x StartmeupHK 2026. The event concluded on November 3, exploring how finance, artificial intelligence and global expansion can become drivers of growth.
Dear friends, something came up tonight. Some friends from abroad have arrived, and I need to pick them up at the airport and host them, so I won’t be livestreaming tonight. Thank you so much 🙏 for your support and kindness! I’ll be back live tomorrow night!
Munger: If you can't control your emotions, you can't control your wealth
The most expensive thing in investing is often not overpaying for a stock, but making a decision when you're in the worst emotional state.
When prices rise, we're afraid of missing out and can't help chasing them;
When prices fall, we're afraid of losing more and can't help selling.
The slightest jolt from the market can make people start abandoning their principles. What truly sets investors apart is often not who knows more, but who can still think clearly in extreme conditions.
Munger placed great importance throughout his life on people's psychological biases, because he understood clearly that the human brain isn't naturally suited to investing. We like to follow the crowd, get instant feedback, prove we're right, and we naturally hate losses.
These instincts may not be bad in everyday life, but in the capital markets, they can easily turn us into a “buy high, sell low” machine.
So the truly difficult part of investing has never been learning a valuation formula, but building a system that keeps us from readily abandoning discipline when we're gripped by fear or greed.
Wealth doesn't necessarily reward the smartest people. Very often, it rewards those who remain calm when everyone else loses control. ~~~~~~~~~~~~~~~~~~~~~We continue to make regular investments in BTC, BNB, and the stocks of the following companies listed on the Binance exchange $SPCXB