Mexican billionaire Ricardo Salinas has disclosed that a significant portion of his wealth is allocated to Bitcoin (BTC), gold, and shares in his own companies. Speaking with Bloomberg, Salinas revealed that Bitcoin dominates his portfolio, reinforcing his long-standing support for the cryptocurrency.
Salinas Allocates 70% of Wealth to Bitcoin
Salinas, whose net worth is estimated at approximately $5.8 billion, expressed a preference for Bitcoin and precious metals over traditional financial assets. His statement coincides with his plans to delist Grupo Elektra and ongoing legal and tax disputes with the Mexican government.
“I’ve got about 70% in Bitcoin-related exposure and 30% in gold and gold miners. I don’t have a single bond and I don’t have any other stocks except my own,” he stated.
Notably, his 70% allocation to Bitcoin marks a notable shift from 2020, when he revealed that only 10% of his portfolio was in the cryptocurrency. The increase has caught the attention of market observers, with some considering it a strong endorsement of Bitcoin as a store of value.
Jacqueline Marjory, a market commentator, highlighted the significance of Salinas’ decision.
“He’s clearly betting on it as a hedge against inflation and traditional markets. Definitely something to watch—if big players like him are this committed, we could see even more institutional adoption down the line,” she shared on X.
Institutional Investors Continue to Accumulate Bitcoin
Beyond Salinas, institutional investors have also been ramping up their Bitcoin holdings. For instance, Tokyo-based investment firm Metaplanet has been steadily adding to its BTC reserves despite prevailing bearish sentiment in the crypto market.
On March 3, Metaplanet acquired 156 BTC for $13.4 million at an average price of $85,890 per Bitcoin. The latest purchase follows another just days earlier, when the company bought 135 BTC for $13 million. As of March 3, Metaplanet holds a total of 2,391 BTC, acquired for roughly $196.3 million at an average price of $82,100 per Bitcoin, according to CoinTab.
Meanwhile, Fidelity Investments has made headlines with a substantial Bitcoin purchase. Arkham Intelligence, a blockchain analytics firm, confirmed in a recent X post that Fidelity acquired $100 million worth of BTC. The post included a chart illustrating Bitcoin transfers between two wallet addresses.
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