A couple of months ago, billionaire hedge fund manager Ray Dalio revealed he owns a "little" bit of Bitcoin (BTC). For a veteran who has often shared his pro-gold opinions, the portfolio reveal came as a surprise.
Now, as crypto becomes a part of the Wall Street parlance, another long-time skeptic has revealed their Bitcoin stash.
This time, it is Goldman Sachs CEO David Solomon.
Goldman Sachs has been quietly deepening its engagement with crypto infrastructure.
In 2024, Goldman participated in tests on Canton Network, an interoperable blockchain system built for institutional assets. That same year, executives began openly discussing investment opportunities in digital assets, including bankruptcy claims and secondary market plays.
Client demand has also been a catalyst. Following the launch of U.S. spot Bitcoin exchange-traded funds, Goldman confirmed growing interest from hedge funds and large institutional clients exploring crypto exposure.
By mid-2024, reports indicated Goldman planned to roll out three tokenization projects across U.S. and European markets and potentially launch marketplaces for tokenized assets.
In January 2026, Solomon revealed that Goldman Sachs was devoting time to research on crypto-adjacent technologies, such as tokenization and prediction markets, along with crypto regulations.
However, crypto exposure also comes with risks. Goldman’s recent regulatory filings show the bank holds indirect exposure to approximately 13,741 Bitcoin through spot ETFs. At fourth-quarter 2025 cycle highs, that position was valued at roughly $1.71 billion.
When Bitcoin was trading near $68,700, that same exposure was worth about $944 million, a roughly 45% decline driven largely by price movement rather than active selling.
Now that Bitcoin is down and trading in the $66,000 range at the time of writing, the decline has widened further.
The numbers underscore the reality Solomon once warned about: volatility is a defining feature of the asset class.
• Analyst predicts next big crash for Bitcoin as markets rally
In 2024, Goldman Sachs CEO Solomon made his position on crypto clear.
Two years later, the message is more nuanced.