Institutions Ride Out Crypto Crash, Some Even Buy More Bitcoin
The world's largest institutional investors stood firm during the recent crypto price crash between October 2025 and April 2026, with none reducing their cryptocurrency allocation.
Bitwise Asset Management conducted a study of senior allocators at 15 major institutions, including endowments, pension funds, sovereign wealth funds, family offices, and public companies. The report found that not one institution sold its crypto assets during the sell-off, and some even bought more.
The majority of these institutions own Bitcoin as their first and largest holding, with nearly all having held it for a long time. In fact, every institution in the study that owns crypto holds Bitcoin exclusively, while other cryptocurrencies are viewed as speculative technology bets.
Some investors now treat Bitcoin as a hedge against currency debasement, similar to gold. One endowment described its position as a long-term bet on Bitcoin becoming a $20 trillion market within the next five to 15 years.