Wall Street's Gold Rush: Goldman Sachs Bets the Farm On Bitcoin... Again?! 🤠💰🚀

Well now, if you thought bankers were as stodgy as a Sunday preacher’s tie, get a whiff of this: them sharp-dressed folks at Goldman Sachs up and wrangled themselves nearly 31 million shares in BlackRock’s fancy iShares Bitcoin Trust. Last time they peeked in, they’d only scraped together a measly 24 million, but greed or folly—hard to say—got them to toss nearly 6 million more into the pot.

Apparently, this stash is worth better’n $1.4 billion. That big ol’ heap of greenbacks right there makes Goldman king of the Bitcoin ETF hill—at least according to some outfit called MacroScope. Now, I ain’t saying MacroScope sounds like a name cooked up by a carnival hustler, but you step right up and judge for yourself. 🏦💸

Goldman Sachs Piles On That Bitcoin Wagon

As the government bean counters at the SEC see it, Goldman’s 30.8 million IBIT doodads—that’s a 28% jump up from their last haul—would fetch ‘em quite a pretty penny at the penny arcade, about $1.4 billion at today’s prices. If you’re keeping score, their hedge fund cousin Brevan Howard has a paltry 25 million shares. Just about the same value, but hey, nobody counts chickens at Wall Street till they hatch out of a Bitcoin egg 🥚.

Goldman Sheds Its Hedge, Plumps Up Its Bets

Back in the days of yore (that’s December in bank-speak), Goldman was straddling the fence with some call and put options on IBIT, probably nervously chewing a cigar and trying to look clever. Close to $157 million in calls, $527 million in puts, and—as a nod to diversity—$84 million in puts on Fidelity’s FBTC. But here in the present, there’s nary a hedge to be seen. Those options must’ve expired like last week’s oysters, and now it looks like Goldman’s just rolling the dice straight on the Bitcoin price table. 🎲💼

JUST IN: Goldman Sachs just disclosed owning $1.65 BILLION $BTC through Bitcoin ETFs – [@MacroScope17]

— Bitcoin Archive (@BTC_Archive) May 9, 2025

IBIT: The Biggest Bull in the Bitcoin Pasture

If you like your numbers real big, BlackRock’s iShares Bitcoin Trust is sitting on somewhere near $63 billion in assets—enough to make a riverboat gambler blush. Farside Investors reckons it’s drawn in a solid $44 billion in fresh loot since it hit the scene, and just this week, another $674 million came swaggering in. Friday’s tally? IBIT shares up $1.04, closing at $58.66, helped along by Bitcoin getting back on its horse and galloping above $60,000. Yeehaw! 🐎

The Herd Instinct—Wall Street Style

Goldman ain’t thundering across the ETF prairie alone. There’s Jane Street, D.E. Shaw, Symmetry Investments—just a pack of high-falutin’ financial coyotes chasing after IBIT. Goldman itself flashed about $1.2 billion in IBIT and another $288 million in FBTC earlier this year, just throwing around numbers most folks only dream about while fishing or winning the lottery.

This all says one thing clear as a summer sunrise: big shots on trading desks and in hedge fund dens are sniffing out Bitcoin—but only if it comes in a nice, tidy, government-approved ETF wrapper. None of that Wild West unregulated exchange stuff for these city slickers.

So, with Goldman laying down a fatter bet on Bitcoin than most of us could spell, it looks like the old coin’s found a new home in high society. Whether the rest of the banks follow or just shake their heads and mutter into their three-martini lunches remains to be seen. But boy, them spot Bitcoin ETFs sure are the cat’s pajamas for the institutional crowd right now. 🐾

All that’s left is to watch the dust, count the beans, and see if the Bitcoin bandwagon rolls or wobbles in the coming months. Place your bets, folks—the circus is in town! 🎪

2025-05-11 00:02

Wall Street’s Gold Rush: Goldman Sachs Bets the Farm On Bitcoin… Again?! 🤠💰🚀

Goldman Sachs Piles On That Bitcoin Wagon

Goldman Sheds Its Hedge, Plumps Up Its Bets

Read More