The shares of digital asset bank Silvergate Capital have risen over 120% since January and nearly 1,300% since going public in November 2019, as CNN reported on Monday. Unlike most U.S. banks, Silvergate Capital has been focused primarily on providing cryptocurrency-specific services, which seems to have paid off.
For years, Peter Schiff, an economist and investor, has been an ardent critic of Bitcoin.
Despite the recent wave of adoption Bitcoin experienced at the hand of institutional investors, Schiff is still very much against Bitcoin. Responding to a comment from Tesla CEO Elon Musk who this week wrote on
Square has bought another $170 million worth of Bitcoin, as the company revealed in its fourth quarter financial report on Tuesday.
The financial services company led by Twitter CEO Jack Dorsey announced the purchase "as part of its ongoing commitment to the cryptocurrency."
Square previously allocated one percent
Square has bought another $170 million worth of Bitcoin, as the company revealed in its fourth quarter financial report on Tuesday.
The financial services company led by Twitter CEO Jack Dorsey announced the purchase "as part of its ongoing commitment to the cryptocurrency."
Square previously allocated one percent
The shares of digital asset bank Silvergate Capital have risen over 120% since January and nearly 1,300% since going public in November 2019, as CNN reported on Monday. Unlike most U.S. banks, Silvergate Capital has been focused primarily on providing cryptocurrency-specific services, which seems to have paid off.
For years, Peter Schiff, an economist and investor, has been an ardent critic of Bitcoin.
Despite the recent wave of adoption Bitcoin experienced at the hand of institutional investors, Schiff is still very much against Bitcoin. Responding to a comment from Tesla CEO Elon Musk who this week wrote on
MicroStrategy stunned the Bitcoin space early last week when it revealed it would be raising $600 million in a new offering of convertible senior notes. The business strategies firm said it wanted to use the proceeds of the sale to purchase additional bitcoin.
This announcement in itself came as a
Tesla was revealed to have acquired $1.5 billion worth of bitcoin, as reported by the BTC Times in January.
According to SEC filings, the firm acquired $1.5 billion worth of bitcoin with cash from its balance sheet. The firm wrote that they wanted "more flexibility to further
Popular finance news and information site The Motley Fool has become the latest firm to allocate capital to Bitcoin. Of note, the company is a private firm, unlike other institutional Bitcoin players such as MicroStrategy.
In a Twitter thread, the firm wrote that they will be buying $5 million worth
Investment manager Grayscale has reached a new milestone in its assets under management.
According to a tweet published by the company on Wednesday, the firm now manages $40 billion worth of assets, $33.1 billion of which is allocated to the Grayscale Bitcoin Trust. The developments represent remarkable growth in
New York Digital Investment Group (NYDIG) applied with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF).
According to documents published by the regulator, NYDIG filed an S-1 in an attempt to launch a Bitcoin ETF on Feb. 16. The papers cite NYDIG Trust
