June 15 (Cointime) - Major banks and corporations, including BlackRock, Fidelity, and Bank of America, are increasing their exposure to Bitcoin through purchases of MicroStrategy (MSTR) stocks. This serves as a proxy investment for those not interested in buying Bitcoin directly. While institutions currently hold a significant amount of Bitcoin, they are largely underwater at current prices. Only a few of the top corporate holders have benefited from their investments in Bitcoin so far.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
$10 Trillion Asset Manager and Top Banks Increasingly Betting on Bitcoin through MicroStrategy Stocks
-
Wechat scan to share
Recommended for you
-
Bitcoin L2 Stacks was down for nearly 9 hours yesterday due to Bitcoin reorganization and unexpected miner behavior
Bitcoin's L2 expansion network, Stacks, experienced downtime on Friday, stopping block production for nearly 9 hours. This event was caused by Bitcoin reorganization (reorg) and "unexpected miner behavior," causing STX prices to drop 12% that day. "Unexpected miner behavior" may refer to miners not updating their software or coordinating effectively to respond to Bitcoin reorg, causing block production delays and implying technical or operational issues among miners. Stacks co-founder Muneeb Ali pointed out that the upcoming Nakamoto upgrade focuses on a new consensus mechanism aimed at eliminating the possibility of forks and reducing the impact of Bitcoin reorg. The Nakamoto upgrade was originally expected to be launched in late spring, but due to potential issues being too severe to be resolved in subsequent updates, it was postponed at the last minute and is now planned to be released in August. -
Bitcoin Miners and Exchange Reserves Drop 183,253 BTC Since January
Data shows that within the 158 days since the beginning of this year, the amount of Bitcoin held by exchanges and miners has decreased by 183,253 BTC, worth nearly $13 billion. These funds were withdrawn from the joint wallets of miners and exchanges, with approximately 90.95% of the Bitcoin withdrawals coming from cryptocurrency exchange reserves, and about 9.05% (16,578 BTC, worth $1.17 billion) being withdrawn from the collective addresses of current Bitcoin miners. -
Bitcoin and Stablecoins are a Threat to Weak Emerging Market Currencies
Bitcoin is changing the world. With change comes uncertainty and, for many, anxiety. It is natural to wonder what the future will look like, and also to worry about whether this change will be for the better or the worse. We are creatures of planning, of preparation, but more than anything, of adaptation.
-
Cointime May 25 News Express
1. British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office -
British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office
A court in London, UK, sentenced a British Chinese woman named Jian Wen to 6 years and 8 months in prison for assisting her employer in money laundering related to Bitcoin. The Financial Times reported that the UK's Crown Prosecution Service has initiated civil recovery proceedings in the High Court for the confiscated assets. If no one else claims ownership of the criminal assets, half will go to the UK police and half to the UK Home Office. Huang Feng, a professor at the G20 Anti-Corruption and Asset Recovery Research Center at Beijing Normal University, said that according to UK law, if a victim of the crime asserts a claim to the property, the UK court will suspend the civil recovery application made by UK law enforcement agencies to determine the ownership of the relevant property. -
Cointime's Evening Highlights for May 19th
1.US spot Bitcoin ETFs saw net inflows of $948.3 million this week -
Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce.
-
Cointime May 3rd News Express
1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days -
Bitcoin Conference to Bring Star-Studded Lineup of Speakers to Hong Kong on Dawn of Historic ETFs.
Excitement is brewing in the heart of Asia as Hong Kong regulators pave the way for a new era of innovation with the recent approval of spot Bitcoin exchange-traded funds (ETFs). This groundbreaking development underscores Hong Kong's commitment to becoming a regulated hub for Bitcoin. At the same time, the Bitcoin Conference is bringing the best and brightest Bitcoiners from around the world to Hong Kong for Bitcoin Asia.
Daily Must-Read
-
OpenAI reportedly considering shift to for-profit as CEO stacks board
-
What are validiums, and how do they work?
-
Why is Bitcoin price down today?
-
Friend.tech's plan to develop own blockchain leaves users confused
-
Binance reaches 200M users with $100B in assets under custody
-
OpenAI launches official ChatGPT support for universities and nonprofits
All Comments