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3 Reasons Why The Motley Fool Is Buying $5M Worth of Bitcoin
3 Reasons Why The Motley Fool Is Buying $5M Worth of Bitcoin
News  •  Bitcoin  •  Feb 18, 2021 by Nick Chong

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

Grayscale Reaches $40 Billion in Assets Under Management
Grayscale Reaches $40 Billion in Assets Under Management
News  •  Bitcoin  •  Feb 17, 2021 by Dariusz Z

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

Elon Musk on Bitcoin Involvement: "Only a Fool Wouldn't Look Elsewhere" Than Cash
Elon Musk on Bitcoin Involvement: "Only a Fool Wouldn't Look Elsewhere" Than Cash

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

News  •  Bitcoin  •  Feb 18, 2021
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Elon Musk on Bitcoin Involvement: "Only a Fool Wouldn't Look Elsewhere" Than Cash
Elon Musk on Bitcoin Involvement: "Only a Fool Wouldn't Look Elsewhere" Than Cash

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

News  •  Bitcoin  •  Feb 18, 2021
3 Reasons Why The Motley Fool Is Buying $5M Worth of Bitcoin
3 Reasons Why The Motley Fool Is Buying $5M Worth of Bitcoin

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

News  •  Bitcoin  •  Feb 18, 2021
Grayscale Reaches $40 Billion in Assets Under Management
Grayscale Reaches $40 Billion in Assets Under Management

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

News  •  Bitcoin  •  Feb 17, 2021
New York Digital Investment Group Files for Bitcoin ETF
New York Digital Investment Group Files for Bitcoin ETF

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

News  •  Bitcoin  •  Feb 16, 2021
BlackRock CIO on Bitcoin: "We've Started to Dabble in It"
BlackRock CIO on Bitcoin: "We've Started to Dabble in It"

The world's largest asset manager has "started to dabble in" Bitcoin. Only in January, a twin filing with the SEC issued by $7 trillion behemoth BlackRock made waves in the Bitcoin space as the firm wrote some of its funds "may engage in futures contracts

News  •  Business  •  Feb 16, 2021
MicroStrategy Upgrades Note Offering to $900M as Bitcoin Soars
MicroStrategy Upgrades Note Offering to $900M as Bitcoin Soars

On Tuesday, MicroStrategy revealed its intent to raise $600 million through a new offering of convertible senior notes to buy more bitcoin.  Just one day later, the firm is already upsizing the size of the round to $900 million. In an announcement early Wednesday morning, the business services company wrote

News  •  Bitcoin  •  Feb 16, 2021
Twitter CEO Jack Dorsey and Jay-Z Announce Bitcoin Development Fund
Twitter CEO Jack Dorsey and Jay-Z Announce Bitcoin Development Fund

According to a tweet from Jack Dorsey published on Friday, the Twitter CEO and artist Jay-Z will be giving 500 bitcoin to an endowment to fund Bitcoin development. 500 bitcoin is currently worth around $24 million, according to BTCTimes Bitcoin pricing data.  The fund, called Btrust, will be focused on

News  •  Bitcoin  •  Feb 12, 2021
Deutsche Bank Plans to Launch a Digital Asset Custody Platform for Institutional Clients
Deutsche Bank Plans to Launch a Digital Asset Custody Platform for Institutional Clients

Deutsche Bank is planning to present its minimum viable product (MVP) for a digital asset custody platform aimed at institutional clients this year, according to a report by the World Economic Forum. The report itself was published in December of 2020, but initially received little attention. Alongside information on Bitcoin,

News  •  Business  •  Feb 12, 2021
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