The leading U.S. exchange for technology giants is moving toward blockchain-based listing and trading of stocks, filing a request with the SEC to pursue it.
MicroStrategy expanded its bitcoin holdings with a $217 million purchase, amid recent investor pushback as the stock slides and its valuation relative to bitcoin weakens.
Despite record bitcoin treasury holdings, the sharp drop in average purchase size shows weakening institutional appetite, even as Taiwan's Sora Ventures prepares a $1 billion BTC Treasury fund.
Christian Catalini warns that corporate-led blockchains like Stripe’s Tempo and Circle’s Arc risk repeating the compromises that doomed Libra’s open vision.
The purchases, disclosed in recent trade filings, consisted of 387,000 shares of BitMine and 144,000 shares of Bullish, with ARK Innovation ETF (ARKK) leading the way.
The U.S. jobs report revealed only 22,000 job additions in August, far below expectations, increasing the likelihood of a Fed rate cut. Still, BTC remains below $112K.
The new unit, led by former Hashdex executive João Marco Braga da Cunha, will operate within Itaú's multidesk investment structure, which oversees $21.6 billion in assets.