Institutional Investors who have Expanded their Portfolio in 2021

Cryptocurrency and blockchain investments from the first 9 months of 2021 have surpassed last year's grand total. In the first half of 2021, the worldwide crypto and blockchain activity was $8.7 million, more than double last year's figures. It is a significant sign that institutional money is streaming into the crypto space. Furthermore, it increases the investor base, and thus the institutional awareness and knowledge of this sector are also surging. The "institutional adoption" of crypto is already underway. Today…

MicroStrategy Adds 5,050 BTC to Its Holdings As Stock Sales Continue

On September 13, 2021, MicroStrategy CEO Michael Saylor announced the financial entity had added 5,050 bitcoin to its total crypto holdings. This latest bitcoin bump cost the firm $242.9 million. This indicates that it bought BTC before the price crash on September 7. According to a statement today, the firm is now in possession of 114,042 BTC. Michael Saylor tweeted that the company bought the coins at an average of $48,099 per bitcoin. He noted that they #hodl ~114,042 bitcoins acquired for almost $3.17 billion…

6% of BTC in Circulation Scooped by Asset Managers and Companies, Analysis Show

As recently recorded, Asset Managers and financial institutions currently hold approximately 6% of the total supply of BTC. As analysts speculate, 21M BTC will circle the finance world by 2140. 18M are presently in circulation. On May 22, 2010, slightly over a year after bitcoin had been coded into existence, Florida man Lazslo Hanyecz officially became the first person to use the digital currency in a commercial transaction. Hanyecz paid for a couple of pizzas worth about $30, with 10,000…

MicroStrategy Plans to Offer $400 Million of Senior Secured Notes

MicroStrategy recently made public plans to offer $400 million worth of senior secured notes to purchase additional bitcoins. The company, founded in 1989, would be acquiring its third security debt offering with over $2 billion worth of Bitcoin invested through credit raised from the sale of convertible security tokens and direct cash purchases. The fortune 500 company intends to offer senior secured notes due 2028. However, it will depend on market conditions like volatility, among others. The company has no…

BTC Price Breaks Above $50K As Major Companies Support Crypto

The bitcoin bulls breached $50K on Feb 16, with the price touching a new all-time high of $50,487 at 7:30 a.m. ET. Investors had been eagerly waiting for the king coin to hit this milestone on spot exchanges for the first time in history. The world's largest cryptocurrency has embarked on a blistering rally in recent months, having surged from just below $4K in March of 2020 to fresh highs above the hyped $50K mark.  Bitcoin recently saw its single-largest…

Microstrategy Launches $600 million Fundraiser To Buy Bitcoin

Leading Business intelligence firm Microstrategy has announced the private sale of $600 million in convertible notes to investors. The fundraising, according to Microstrategy, is to buy more bitcoins into its existing portfolio. More Bitcoins for Microstrategy  Microstrategy revealed this development in a press release today on its website. As per the announcement, initial purchasers of the convertible notes will have an option to purchase within 13 days. The notes will also be unsecured, and MicroStrategy will bear interest payable semi-annually…

Social Media Giant Twitter Could Add Bitcoin To Portfolio Says CFO

Twitter CFO Ned Segal has hinted that the Social Media giant could add bitcoin to its balance sheets. This comes on the back of increasing demand for bitcoins from institutions in recent weeks.  Twitter could join Bitcoin Train Segal revealed this stance in an interview with CNBC on February 10, 2021, when quizzed about cryptocurrencies. The Twitter chief stated that the tech giant might consider bitcoin depending on a few factors.  Segal explained that if Twitter employees and clients request…

Investment Firm Microstrategy Makes Fresh Purchase of 295 Bitcoins

The world’s largest independent business intelligence firm, Microstrategy, has completed the purchase of 295 bitcoins for approximately $10 million. This latest purchase continues the company’s accumulation of BTC that began in 2020.  Microstrategy BTC Portfolio Worth $2.4 billion Microstrategy CEO Michael Saylor revealed this latest purchase on Twitter. According to the tweet, Microstrategy purchased the 295 bitcoins using cash per its treasury reserve policy. The firm also spent $10 million to complete this latest round of transactions, including fees and…

Universities Following the Footsteps of Institutional Investors into the Crypto Space

Harvard University, Yale University, Brown University, and the University of Michigan are among the universities using their multi-billion-dollar donations to buy cryptocurrency directly from exchanges. Historically, universities have implemented two investment strategies with their donations: most have pursued very conservative investment strategies in well-known names and stable sectors. In contrast, some savvy schools in developing regions have taken risky bets to make big profits. First Institutions, Now Universities University donations have a unique legal structure that aims to raise investment…

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