Goldman Sachs disclosed indirect exposure to approximately 13,740 Bitcoin (BTC) — valued at roughly $1.7 billion at the end of Q4 2025 but now worth an estimated $920 million after a nearly 50% decline — along with holdings in Ethereum (ETH), XRP (XRP), and Solana (SOL), according to the bank's latest Form 13F filing.
What Happened: Goldman's Crypto Filing
The investment bank's Q4 2025 regulatory disclosure, which went viral on X on Feb. 10, showed Goldman held about $1.1 billion in BTC, $1 billion in ETH, $153 million in XRP, and $108 million in SOL through U.S.-based spot ETFs. Journalist Eleanor Terrett first flagged the numbers on social media, noting that Goldman CEO David Solomon was scheduled to speak at the World Liberty Financial Forum in Palm Beach.
The 13F filings reflect holdings values at the end of the quarter, not the purchase price or current market value. Goldman's BTC position was worth approximately $1.7 billion at the close of Q4 but has since fallen to around $920 million, with BTC dropping below $67,000 on the morning of Feb. 11.
The bank has not reduced its Bitcoin position, according to the filing, and the decline represents an unrealized loss.
Goldman also added exposure to XRP and SOL, whose spot ETFs launched during Q4 last year.
Also Read: Ethereum Stalls Below $2,050 As Bears Tighten Grip
Why It Matters: Institutional Crypto Shift
The disclosure drew immediate attention on social media, where commentators framed it as evidence of deepening Wall Street commitment to digital assets.
The timing raised additional questions, as the filing landed while the White House continues work on the CLARITY Act, a crypto regulatory bill that has met resistance from parts of the banking industry.
Some observers suggested Goldman's public positioning may be strategic rather than routine. The bank's CEO is engaging directly with crypto-aligned political circles, and the filing's release coincides with active legislative debate — a combination that several analysts on X described as a deliberate power move rather than a standard transparency exercise.
Read Next: Third-Largest Bitcoin Miner Sells 4,451 BTC Marking Pivot To AI