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Bitwise Index expands to 22 firms holding over $54B in Bitcoin
Crypto index and ETF provider Bitwise Investments has updated its Bitwise Bitcoin Standard Corporations ETF, adding two new entrants: Fold Holdings and Bitdeer Technologies.
Fold Holdings Inc., a Phoenix-based financial services company known for its Bitcoin rewards debit cards, purchased 10 BTC at a price of $87,500 in February, solidifying its place among top corporate holders of digital gold. According to Bitwise, Fold Holdings now owns 1,485 BTC, valued at over $124 million.
Bitdeer Technologies, a publicly traded Bitcoin mining company listed on Nasdaq, operates in the U.S., Norway, and Bhutan. Bitdeer currently holds 1,090 BTC, worth more than $91 million.
The 1,000+ BTC club grows
Bitwise announced the ETF update in a post on social media platform X, stating its goal is to track companies holding more than 1,000 BTC.
View post on X Loading...
“The index now includes 22 companies holding a combined 648,000+ BTC (worth over $54 billion) — that’s 3.2% of total BTC supply,” Bitwise reported.
The company also clarified that its fund does not invest directly in Bitcoin or through derivative products referencing Bitcoin.
As of March 25, MicroStrategy leads the index with 506,137 BTC worth over $33.7 billion, accounting for the highest index weight of 22.64%. It’s followed by Marathon Digital Holdings (MARA) and Riot Platforms, with weights of 10.67% and 10.04%, respectively. Metaplanet ranks fourth with a 5% index weight based on its Bitcoin holdings.
As we wrote, Bitwise Asset Management CEO Hunter Horsley predicts that tokenization, artificial intelligence (AI), and “Bitcoin Standard Corporations” will drive market growth in 2025.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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