By Marco Piccolo Strategy (formerly known as MicroStrategy) has made another significant addition to its Bitcoin portfolio, acquiring 4,020 BTC for approximately $427 million. The purchase brings the firm’s total Bitcoin holdings to 580,250 BTC, solidifying its position as the largest corporate holder of the asset. The acquisition was financed through a trio of at-the-market […]
Tag: IBIT
By Marco Piccolo Standard Chartered Bank is doubling down on its bold forecast that Bitcoin will reach a price of $500,000 by 2029, citing a surge in indirect government exposure to the asset through institutional investment vehicles. The British multinational bank believes that growing sovereign interest in Bitcoin proxies, especially Strategy (MSTR) shares, supports its […]
By Marco Piccolo Despite underperforming gold in terms of year-to-date price performance, Bitcoin is attracting stronger institutional investment flows, signaling a long-term vote of confidence in the digital asset’s prospects. Lifted by geopolitical tensions, inflationary concerns, and global economic uncertainties, the price of gold has rallied nearly 29% this year, while Bitcoin has managed a […]