After Bitcoin casually broke its 2017 price record of $20,000 a month ago and went on to climb as high as $41,000, it reignited the interest of various media outlets that had either declared it dead after 2017 or simply moved on to more sensational topics.
Yet, in
MicroStrategy has been one of the largest buyers of bitcoin in recent months.
The American business services company deployed $250 million into Bitcoin over August, then an additional $175 million in September. These two investments represented the first and second time a publicly-traded corporation had bought bitcoin for investment purposes.
2020 was the year Bitcoin caught the eye of institutions. While many were skeptical when MicroStrategy famously converted its corporate treasury reserves to Bitcoin, it didn't take long for Michael Saylor's move to awake the interest of other corporations and financial institutions.
As the developments of
2020 was the year Bitcoin caught the eye of institutions. While many were skeptical when MicroStrategy famously converted its corporate treasury reserves to Bitcoin, it didn't take long for Michael Saylor's move to awake the interest of other corporations and financial institutions.
As the developments of
After Bitcoin casually broke its 2017 price record of $20,000 a month ago and went on to climb as high as $41,000, it reignited the interest of various media outlets that had either declared it dead after 2017 or simply moved on to more sensational topics.
Yet, in
MicroStrategy has been one of the largest buyers of bitcoin in recent months.
The American business services company deployed $250 million into Bitcoin over August, then an additional $175 million in September. These two investments represented the first and second time a publicly-traded corporation had bought bitcoin for investment purposes.
Victoria, Jan 3rd—Today, Bitcoin infrastructure startup Blockstream unveiled Blockstream Jade, a fully open-source Bitcoin hardware wallet for storing bitcoin and Liquid assets securely offline.
Out of the box, Blockstream Jade will support Bitcoin as well as all Liquid assets issued on the Liquid Network. This includes L-BTC, major issuances
After a couple of days at consolidation around $29,000, Bitcoin passed $30,000 on January 2nd and climbed as far as $33,300, before retracing to the $31,000 range. This latest milestone puts the cryptocurrency 50% above its previous all-time high of $20,000. It also marks a
Between December 22nd and 23rd, the, digital currency asset manager Grayscale added half a billion dollars to its investment products, the majority of which flowed into the Grayscale Bitcoin Trust (GBTC). At press time, Grayscale counts $16.4 billion in assets under management.
Grayscale has served as one of the
Scott Minerd, Chief Investment Officer of asset management and investment advisory firm Guggenheim Investments, believes Bitcoin is severely undervalued.
In a video published by Bloomberg TV on Wednesday, Minerd shared that the firm had "started allocating toward Bitcoin when Bitcoin was at $10,000," adding that he was
As first noted by Grayscale Director Phil Bonello, MassMutual recently purchased $100 million worth of bitcoin. Assuming it bought the cryptocurrency at its current price of $18,150, that would mean the insurance company purchased 5,510 BTC.
MassMutual, also known as the Massachusetts Mutual Life Insurance Company, is a
