Institutional Investors and Whales

ForkLog 9 27.03.2024

Fifth Largest Bitcoin Wallet Transfers 94,500 BTC

On March 23, the fifth largest Bitcoin wallet by holdings transferred coins worth over $6 billion to three new addresses. This was noted by experts at Arkham Intelligence. The 5th richest Bitcoin address just moved over $6 BILLION in BTC to three new addresses. 37X moved almost its ENTIRE BALANCE of 94.5K BTC ($6.05B) in […]

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ForkLog 25 26.03.2024

Bitcoin Surges Past $71,000 Amid Rising Investment Demand

On March 26, the price of the leading cryptocurrency once again surpassed $71,000, gaining 6% in a day. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the coin is trading at $71,260. Its market capitalization stands at $1.4 trillion with a trading volume of $45 billion, according to CoinGecko. Following Bitcoin, […]

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ForkLog 26 20.03.2024

Kraken Introduces Custodial Service for Institutional Clients

The cryptocurrency exchange Kraken has launched a custodial service for its institutional platform, Kraken Institutional. Kraken Custody is the first product under our new institutional brand. Offered via Kraken Financial, our state-chartered bank that holds fiat deposits in full reserve, it is ideally suited to offer qualified custody solutions for US institutional clients.https://t.co/1TzDm00CBZ — Kraken […]

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ForkLog 27 19.03.2024

MicroStrategy’s Bitcoin Holdings Surpass 1% of Cryptocurrency’s Total Supply

Following its acquisition of 9,245 BTC for $623 million, MicroStrategy’s cryptocurrency reserves have reached 214,246 BTC, exceeding 1% of the total supply of digital gold. MicroStrategy has acquired an additional 9,245 BTC for ~$623.0M using proceeds from convertible notes & excess cash for ~$67,382 per #bitcoin. As of 3/18/24, $MSTR hodls 214,246 $BTC acquired for […]

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ForkLog 12 19.03.2024

Japan’s $1.5 Trillion Pension Fund Explores Bitcoin Diversification

The Government Pension Investment Fund of Japan (GPIF), managing assets worth ~$1.5 trillion, is considering portfolio diversification options, including the first cryptocurrency. Breaking: Japan’s Government Pension Investment Fund, the world’s largest pension fund with $1.5 trillion under management, announced that it will seek information on business diversification, including Bitcoin, gold, forests and farmland. This announcement […]

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ForkLog 27 15.03.2024

El Salvador Reveals Bitcoin Address Holding $400 Million

The government of El Salvador has transferred its acquired bitcoins to a cold wallet “within the country’s territory.” President Nayib Bukele disclosed the address holding 5689.69 BTC (~$406.6 million). We’ve decided to transfer a big chunk of our #Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national […]

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ForkLog 25 05.03.2024

Institutional Investment in Cryptocurrencies Set to Rise, Experts Predict

Institutional investors holding cryptocurrencies are planning to increase their investments amid positive industry prospects. This is according to a survey by Nickel Digital, reports The Block. “The compelling returns of the sector, combined with the approval of spot Bitcoin ETFs, have understandably boosted optimism, but the number of respondents intending to increase investments is noteworthy,” […]

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ForkLog 22 05.03.2024

Stanford Students Allocate 7% of Portfolio to Bitcoin

The student-managed Blyth investment fund at Stanford has incorporated digital gold into its portfolio via BlackRock’s IBIT, allocating a 7% share. Stanford Endowment has bought Bitcoin at 45k. In February, pitched IBIT to Blyth Fund, the student-run fund which manages a portion of Stanford’s Endowment. Bitcoin is now ~7% of the portfolio. Here’s the pitch […]

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ForkLog 10 05.03.2024

Deutsche Börse Launches Crypto Exchange Targeting Institutional Investors

The stock exchange operator Deutsche Börse has launched a regulated platform focused on institutional investors for spot trading, settlement, and custody of cryptocurrency assets, named Deutsche Börse Digital Exchange (DBDX). Settlement and custody services will be provided by its subsidiary Crypto Finance (Deutschland), which holds licenses from BaFin. “We will ensure transparent and secure market […]

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ForkLog 15 04.03.2024

Michael Saylor Declares a ‘Gold Rush’ for Bitcoin

Spot Bitcoin ETFs have accelerated the adoption of digital gold among institutions. This trend will be bolstered by the rise of autonomous artificial intelligence, according to MicroStrategy founder Michael Saylor. MUST WATCH‼️ — Michael Saylor: We are in the Bitcoin Gold Rush era. It started in January 2024 and will last until the end of […]

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ForkLog 10 01.03.2024

Astute Whale Nets $3.5 Million from PEPE, Invests in Altcoins

On February 29, an unidentified crypto investor sold all 1.97 trillion PEPE accumulated on Binance for $6.07 million, netting a profit of $3.49 million. This was highlighted by Lookonchain. A smart whale deposited all 1.97T $PEPE($6.07M) to #Binance and made a profit of $3.49M. Then he changed his position from $PEPE to $SHIB, withdrawing 75.9B […]

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ForkLog 38 27.02.2024

Bybit Identifies Ethereum as Leading Institutional Crypto Asset

The share of Bitcoin and Ethereum in institutional portfolios increased from 50% to 80%. Open interest in options for the second-largest cryptocurrency by market capitalization reached a new all-time high. The growth is linked to increased volatility, expectations for the Dencun upgrade, and prospects for ETF approval. Ethereum has taken the largest share among cryptocurrencies […]

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