Institutions Hold Firm on Bitcoin Despite 50% Price Crash

15 large investors, including university endowments, pension funds, and state-owned investment funds, refused to sell their Bitcoin holdings during a 50% price crash between October 2025 and April 2026.

These investors, who manage assets ranging from hundreds of millions to tens of billions of dollars, were interviewed by crypto fund manager Bitwise. The report does not name the institutions, but it reveals that none of them cut their crypto holdings during this period.

In fact, several of these institutions even bought more Bitcoin during this time. Most of them treat Bitcoin as a store of value, often paired with gold, and hold onto it regardless of price fluctuations.

'If the thesis is right, given the S-curve of adoption, selling now would be selling too early,' read an excerpt in the Bitwise report, citing an investment consultant.