<div id="readability-page-1"><ul><li>Goldman Sachs has revealed a $500M Bitcoin stake, diversifying across major ETFs.</li><li>Michael Saylor’s MicroStrategy held 226,500 BTC, highlighting Bitcoin’s growing corporate appeal.</li></ul>As Bitcoin [BTC] approaches the $60K mark, exciting news has emerged from the cryptocurrency world.<h2>Goldman Sachs’ Bitcoin holdings revealed</h2>Dennis Porter, CEO and co-founder of SatoshiActFund, recently took to Twitter to reveal that Goldman Sachs has disclosed a significant $500 million stake in Bitcoin.He added,<blockquote>“Even the bankers cannot resist Bitcoin.”</blockquote>Porter also provided a detailed analysis of Goldman Sachs’ Bitcoin holdings. According to a quarterly 13F filing, Goldman Sachs holds positions in seven out of the eleven Bitcoin ETFs available in the U.S. The bank’s largest investment is in the iShares Bitcoin Trust (IBIT), with a substantial stake of $238.6 million. This is followed by Fidelity’s Bitcoin ETF (FBTC) at $79.5 million, Invesco Galaxy’s BTC ETF (BTCO) at $56.1 million, and Grayscale’s GBTC at $35.1 million. Goldman Sachs also maintains smaller holdings in BITB, BTCW, and ARKB, reflecting a broad and strategic approach to Bitcoin investments.<div id="attachment_414373"><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/08/Dennis-Porter.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1844" height="1390" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/08/Dennis-Porter.webp"/>Source: Dennis Porter/X</div><h2>Bitcoin ETF update</h2>In the meantime, on the 13th of August, Bitcoin ETFs experienced a notable influx of capital, with total inflows amounting to $39 million as per Farside Investors. Leading the charge was BlackRock’s IBIT, which saw substantial inflows of $34.6 million. Fidelity’s FBTC further followed itwith $22.6 million, while Bitwise’s BITB attracted $16.5 million. In contrast, Grayscale’s GBTC faced outflows totaling $28.6 million, followed by ARK 21Shares’ ARKB totaling $6.1 million. The remaining ETFs saw no significant changes. This divergence in ETF performance highlights shifting investor sentiment within the Bitcoin market.<h2>Michael Saylor’s BTC holdings uncovered</h2>That being said, Goldman Sachs isn’t the only major player revealing its Bitcoin holdings. Michael Saylor, co-founder and chairman of MicroStrategy, recently disclosed that he owns 17,732 BTC. Notably, Saylor emphasized that he has retained every single one of these digital assets, without selling any.<blockquote>“I continue to acquire more. I think it’s a great capital investment asset for an individual, family, institutional corporation or country. I can’t see a better place to put my money.”</blockquote>In addition to Michael Saylor’s personal Bitcoin stash, MicroStrategy holds 226,500 BTC, valued at around $12.7 billion, making it the largest public corporate Bitcoin holder.<h2>What’s changed?</h2>This landscape underscores how Bitcoin ETFs have transformed Bitcoin and the broader crypto market. Yet, this stands in stark contrast to Goldman Sachs’ earlier stance on digital assets. In April, Sharmin Mossavar-Rahmani, chief investment officer of Goldman Sachs Wealth Management for the past 23 years, reiterated to the Wall Street Journal and said,<blockquote>“We do not think it is an investment asset class. We’re not believers in crypto.”</blockquote></div>

Goldman Sachs has disclosed a significant stake in Bitcoin as it diversifies across major ETFs, holding positions in seven out of eleven Bitcoin ETFs in the U.S. Its largest investment is in iShares Bitcoin Trust. This development comes as Bitcoin's popularity grows among corporations, highlighted by MicroStrategy holding 226,500 BTC. Despite Goldman Sachs' earlier skepticism about crypto as an investment asset, this latest move indicates a shifting perspective in the financial sector towards Bitcoin.

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Goldman Sachs reveals $500M Bitcoin stake: ‘Even bankers cannot resist BTC’