BlackRock's BTC holdings approach 600,000 to top institutional list, Bridgewater founder Ray Dalio holds hedging fiat currency devaluation

According to the latest data from HODL15Capital, the top five institutions in terms of Bitcoin holdings have diverged. IBIT, a spot ETF product under BlackRock, holds the top spot with 587,050 BTC, followed closely by MicroStrategy (MSTR) with 478,740 BTC, Fidelity FBTC (208,507), Canary Release GBTC (199,644), and Tether (83,759), ranking third to fifth respectively. The total holdings of the five institutions exceeded 1.55 million BTC, accounting for about 7.8% of the current circulation.

 

On the same day, Ray Dalio, the founder of Bridgewater Associates, revealed for the first time in an interview that he still holds Bitcoin, but the size of his holdings is lower than that of gold. Dalio pointed out that the systemic depreciation of global fiat currencies has driven up the prices of hard assets such as gold and Bitcoin, but there are essential differences between the two: gold has advantages due to its cross-border liquidity, central bank reserve status, and stronger anti-regulatory properties. "Central banks cannot track the trading path of gold, nor can they directly tax it, while Bitcoin's transparent on-chain data allows regulatory agencies to accurately trace transactions." He acknowledged the value of Bitcoin as a diversified asset, but emphasized that its regulatory risks may limit its long-term storage potential.