Institutions Hold Firm on Bitcoin Despite Market Crash

Bitwise, a crypto asset manager, surveyed 15 major institutions and found that none of them cut their Bitcoin holdings during the market crash between Q4 2025 and Q2 2026. In fact, some even bought more as prices fell. This contradicts the idea that big institutions are quick to dump crypto when markets decline.

The survey shows that these institutions are not treating Bitcoin as a short-term trade. Every firm with crypto exposure held Bitcoin, and for most, it was their first, largest, and longest-held digital asset. Many saw BTC as a store of value and compared it to gold, including as a way to protect against fiat money losing its worth.

The survey also found that most institutions kept their crypto allocations fairly small, usually about 1% to 2% of their investable assets, although across the group, the range stretched from 0.5% to 13%. This suggests that institutional demand might be stronger than the price charts alone suggest.