Bitcoin (BTC) has continued to attract multiple investments from institutional investors over the past few months. The latest corporate investor to hop on the Bitcoin train is a Connecticut-based hedge fund that majors in volatile investments—One River Asset Management. The Chief Executive Officer of the firm, Eric Peters, announced that the company established a separate […]
2020 continues to bring more institutional investors for Bitcoin (BTC), as Ruffer joins the trend. Ruffer Multi-Strategies Fund, a UK-based investment company, has earmarked 2.5% of its portfolio for Bitcoin. The company controls about $620 million in assets under management, putting its BTC investment of about $15 million. The firm noted that the Bitcoin purchase […]
Bitcoin (BTC) and other altcoins have been trading on a mixed sentiment for a while now, as investors struggle to get any clarity on the crypto market’s next move amid the presence of intense volatility. Last week, Bitcoin plunged as low as $17,600 before finding some support, which sent it on a rebound. Last night, […]
2020 saw numerous prominent and institutional investors give recognition and take a huge stake in Bitcoin (BTC). Whether it as a result of the coronavirus-induced economic crisis, Bitcoin’s maturation, the recent BTC halving event, or something entirely different, the fact remains that Bitcoin has been further catapulted into the limelight this year. One of the […]
After only two days since its foray to the $17,500 area, Bitcoin (BTC) appears to have recovered fully after a dramatic spike to the $19k region over the weekend. Several other Altcoins joined in on the weekend rally, except for Ripple (XRP), which remains bearish following the Spark (FLR) airdrop snapshot. On Friday, the benchmark […]
MicroStrategy (NASDAQ: MSTR), a business intelligence company, has exceeded its previous plans to offer $400 million in convertible notes, as reported in a previous article. The firm announced today that it has ended up raising $650 million through senior convertible notes offering and confirmed that the proceeds will be invested in Bitcoin (BTC). Officially, the […]
The Massachusetts Mutual Life Insurance Company, a US-based mutual firm with over five million clients, has become the latest large corporation to allot a significant sum to Bitcoin (BTC). A recent Wall Street Journal report shows that the insurance firm has just purchased $100 million worth of BTC for its general investment account. Massachusetts Mutual […]
Analysts at JPMorgan Chase & Co have asserted that Bitcoin (BTC) has appropriated a huge chunk of gold’s (XAU/USD) market share. The analysts pointed out the depreciating difference in funds allocated in the yellow metal and BTC, adding that the shift “represents the transfer of billions in cash.” The cryptocurrency community has argued for years […]
MicroStrategy, an analytics and mobility platform, currently HOLDs a significant amount of Bitcoin (BTC) and plans to keep stacking its holding. The firm recently revealed that it is seeking financing to acquire more large chunks of Bitcoin. According to an official press release on December 7, MicroStrategy was considering taking on a $400 million private […]
