Investment banking giant Goldman Sachs has disclosed a significant cryptocurrency portfolio valued at $2.36 billion in its 13F filing for the fourth quarter of 2025. The filing reveals the bank's specific allocations: $1.1 billion in Bitcoin (BTC), $1 billion in Ethereum (ETH), $153 million in XRP, and $108 million in Solana (SOL).
This marks the first time Goldman Sachs has officially reported holdings in XRP and Solana through this regulatory channel. The bank stated that cryptocurrency investments constitute approximately 0.33% of its total portfolio. Notably, the bank's crypto asset holdings increased by 15% compared to the previous quarter, a move described as significant given it occurred during a period of high market volatility.
Following the disclosure, Binance founder Changpeng Zhao (CZ) commented on the social media platform X. He highlighted the importance of the bank increasing its crypto positions to $2.36 billion despite volatile conditions. CZ also delivered a pointed message to retail investors, stating, "Cryptocurrencies are probably one of the rare areas where you can get started earlier than banks. But if you sold your cryptocurrencies last quarter and banks are buying, then..." The comment subtly underscores a potential divergence in behavior between institutional accumulation and retail selling.
While the crypto allocation remains a small fraction of Goldman Sachs' overall portfolio, the billion-dollar scale of the investment signals that major Wall Street institutions continue to engage with and allocate capital to digital assets.
