Strategy’s Main Bitcoin Acquisition Vehicle Sees Massive $1.5B Trading Explosion
Strategy now holds 818,869 Bitcoin, worth roughly $66 billion at current prices — a position that has become the largest corporate Bitcoin reserve anywhere in the world. That stockpile keeps growing, and the instrument fueling much of the buying just broke a record. Related Reading: Bitcoin Faces Major Test As 37% Recovery Collides With Bear Resistance A New Kind Of Funding Tool STRC, the company’s Variable Rate Series A Perpetual Stretch Preferred Stock, recorded $1.53 billion in trading volume on Thursday — the highest single-day figure it has ever posted. Chairman Michael Saylor....
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A bitcoin investment vehicle designed to enable European investors with liquid access to returns of bitcoin is now live again on Nasdaq Nordic following its acquisition by a US hedge fund. XBT Provider, a fully hedged bitcoin investment vehicle and the developer of Bitcoin Tracker (COINXBT) and Bitcoin Tracker EUR (COINXBE) has announced its acquisition by Jersey-based hedge fund Global Advisors. Following its acquisition, XBT Provider instruments have resumed trading at Nasdaq Nordic in Sweden. The acquisition also means that Global Advisors will become the new guarantor of Exchange....
MicroStrategy’s ongoing “Bitcoin Acquisition Strategy” sees it continue to take on debt to buy more BTC. Why do investors remain excited? The post Why Investors Are So Excited About MicroStrategy’s Bitcoin Acquisition Plan appeared first on Bitcoin Magazine.
Strategy, formerly known as MicroStrategy, is continuing its long‑standing Bitcoin (BTC) accumulation strategy despite ongoing market weakness and growing concerns around the firm’s unrealized losses. At the same time, Bitmine Immersion Technologies, chaired by well‑known market strategist Tom Lee, has revealed a major expansion of its Ethereum (ETH) holdings, underscoring a broader trend of corporate crypto accumulation even as prices remain under pressure. Strategy Adds 1,142 BTC Despite Rising Losses In a filing with the US Securities and Exchange Commission disclosed on Monday,....
Coinbase has revealed that it has had “an explosion of incoming capital.” Its assets under custody currently stand at $20 billion, $14 billion of which were accumulated since April. Coinbase highlights a string of bullish events that have “really unleashed” a wave of institutional adoption. Coinbase Has $20 Billion Under Custody Coinbase’s Head of Institutional Coverage, Brett Tejpaul, talked about institutional demand for bitcoin in an interview with Heidrick & Struggles International, published on Friday. Tejpaul has 25 years of experience in sales and....
Bitcoin treasury firm Strategy has resumed its buying spree after a two-week gap with a new $329.9 million acquisition of the cryptocurrency. Strategy Has Added 4,871 Tokens To Its Bitcoin Treasury In a new post on X, Strategy co-founder and chairman Michael Saylor has shared details related to the company’s latest Bitcoin acquisition. In total, […]