15 institutions maintained Bitcoin holdings during 50% market crash

A report by Bitwise reveals that 15 large institutions, including pension funds and university endowments, refused to sell their Bitcoin holdings during a 50% market decline between October 2025 and April 2026. These investors view Bitcoin as a store of value and generally plan to hold unless the fundamental investment thesis changes. While some institutions increased their positions, others, such as Harvard's endowment, reduced their Bitcoin ETF stakes during the same period.