Anchorage Digital Buys 10,141 BTC Worth $1.19 Billion

Anchorage Digital and the Event Landscape

Anchorage Digital, the first federally licensed digital asset bank in the United States, is headquartered in San Francisco with branches in Singapore, New York and Porto. It provides financial institutions with custody, trading and staking services. The company, founded in 2017 by Diogo Mónica and Nathan McCauley, has built a reputation for managing digital assets for banks, hedge funds and large institutions thanks to its advanced security infrastructure and strict compliance. Institutions are increasingly considering Bitcoin (BTC), the world’s largest cryptocurrency, as a strategic investment.

The acquisition of over 10,141 BTC into the treasury is a significant milestone, placing Anchorage Digital among the largest Bitcoin holders. It is only behind organizations such as Strategy (601,550 BTC) and Marathon Digital Holdings (26,500 BTC). Anchorage is expanding its portfolio and strengthening its role as a custody provider for financial institutions with a current total BTC asset value exceeding $1.19 billion. The deal was funded by the company with capital from previous funding rounds, including a $350 million Series D in 2022, demonstrating the company's long-term strategy to accumulate BTC.

What made them create a Bitcoin reserve?

Strong investor confidence in Bitcoin ETFs has reached $5.5 billion since April 2025, with $900 million in the past week. Crypto-friendly policies from the Trump administration and growing adoption by public companies have caused Bitcoin to fall slightly by 2% from its high of $120,000.

Anchorage may have taken advantage of what it considers an attractive price after the recent correction, especially as other whales like MicroStrategy and SharpLink Gaming continue to accumulate. Additionally, Anchorage’s custody strategy may be suitable for BTC accumulation as Anchorage can use these BTC as a reserve asset to meet customers’ storage needs, especially as institutions increasingly seek safe havens.

For Anchorage, owning 10,141 BTC not only increases the value of their assets but also allows them to earn profits through services such as lending or staking on partnering platforms. This could increase their revenue from custody fees, which reached a record $45 million in Q2 2025. This could also strengthen its competitive position against competitors such as Coinbase Custody and BitGo.

Facing Huge Losses If Bitcoin Hits $100,000

The deal faces several risks, despite its potential. First, a sharp decline, such as from $117,500 to $100,000, could reduce the value of Anchorage’s portfolio from $1.19 billion to $1 billion, as Bitcoin is a highly volatile asset. Second, as U.S. law is still evolving, the SEC could impose stricter regulations on cryptocurrency custody, which could make compliance more costly.

Additionally, pressure from recent cryptocurrency hacks and competition from other custody firms would force Anchorage to maintain high security standards. The deal could negatively impact the company’s reputation if risks are not managed well, especially since institutional clients place a lot of trust in the security of its custody services.

Disclaimer: The information presented in this article is the author's personal opinion on the cryptocurrency field. It is not intended to be financial or investment advice. Any investment decision should be based on careful consideration of your personal portfolio and risk tolerance. The views expressed in the article do not represent the official position of the platform. We recommend that readers conduct their own research and consult with a professional before making any investment decisions.