Michael Saylor’s Massive Bitcoin Bet Crosses $1B in Unrealized Profit
Saylor’s business software company, MicroStrategy, held more than 158,000 bitcoins as of Friday.
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Saylor’s business software company, MicroStrategy, held more than 158,000 bitcoins as of Friday.
Fees spiked to as high as 270 gwei late on Thursday, the data shows, temporarily touching a level last seen in June 2022.
The news comes a day after HSBC, one of the world’s largest banks, said it plans to start a digital-assets custody service for institutional clients.
CME’s rise to the top rank highlights the growing institutional demand for bitcoin, as the venue is almost exclusively used by large traditional financial institutions, one analyst noted.
Bitcoin hit an 18-month high near $38,000 before pulling back sharply.
The world’s largest asset manager already made waves by seeking to list a bitcoin ETF
The necessary technology is falling into place, and the industry has the right intentions — and so, hopeful, an influx of capital will soon follow. However, this time we must ensure is that DeFi’s growth remains sustainable, and this can only happen if it stays on the right side of the law and if institutions meet the obligations of their […]
We were full of “irrational exuberance” in November 2021.
In this week’s issue of Crypto for Advisors, learn how brands are leveraging blockchain to innovate loyalty programs.