Grayscale

The Canadian asset management firm, Ninepoint Partners, has recently raised a total of $180 million from investors in an Initial Public Offering (IPO) for its Bitcoin Trust Fund. In an official press release published Wednesday, the firm revealed that it had received regulatory approval earlier this month and has officially listed its shares for the Fund on the Toronto Stock Exchange. More Exposure The Fund was created to help investors gain exposure to the world of cryptocurrencies, bitcoin precisely, without…

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…

Chainlink set a new all-time high of $25.51 at 15:30 UTC Saturday, following a sharp rise over the past week. The milestone propelled Chainlink to the seventh spot on top cryptocurrencies by market cap, surpassing Litecoin. LINK, the native token of decentralized oracle provider Chainlink, has been one of the best performing crypto assets of the past year. This success is primarily attributable to the project’s development of smart contracts that connect blockchains to the real world. According to LINK…

The world’s largest independent business intelligence firm, Microstrategy, has completed 314 bitcoins for approximately $10 million. This purchase continues the accumulation of crypto assets by the intelligence firm, which began in 2020. 70,714 BTC in Microstrategy Portfolio Microstrategy CEO Michael Saylor revealed the purchase by his firm on Twitter. According to the tweet, the bitcoins were bought using cash per its treasury reserve policy.  In total, this latest round of bitcoin purchases totaled $10 million, including fees and expenses. The…

A new report shows that crypto investors are, on average older than they were a few years ago. Could this be a sign of the growing adoption of cryptocurrencies globally? Older investors take to cryptocurrency There is a conception that cryptocurrency has more adoption among young people who are likely to be aware of the technology. This trend appears to be changing in recent years as Bitcoins gain mainstream popularity. A recent report on the adoption of cryptocurrencies published by…

Bitcoin (BTC) price has been fairly stable this week, hovering within the $34k to $38k region. This relative period of stability has resulted in different analysis on the next price levels for the leading coin. Despite this, institutions continue to accumulate BTC, with Grayscale adding $600 million worth of BTC to its portfolio. Bitcoin market cap down by 5% Bitcoin has experienced a slight dip in the past 24 hours, losing 5% of its market cap during this period.  BTC…

The world’s largest independent publicly-traded business intelligence company, MicroStrategy, has completed the purchase of 29,646 more Bitcoins for approximately $650 million. $1 Billion Worth Of BTC Purchased In 2020 MicroStrategy revealed this latest purchase in a press release today and revealed more information on their current asset holdings. According to the investment firm, the latest purchase was in cash according to its treasury reserve policy. In total, this latest round of Bitcoin investments aggregated out to $650 million, including fees…

S&P Dow Jones Indices (S&P DJI) is set to launch a cryptocurrency index in partnership with New York-based digital asset firm Lukka by 2021. This makes it the latest major financial firm to foray into the cryptocurrency industry. According to the press release made today, S&P DJI will use data from Lukka to create indices for over 500 crypto-assets. This data will include Lukka’s aggregated data services Lukka Reference Data and Lukka Prime. Thus S&P DJI clients will work with…

Bitcoin has begun the new week with a positive dynamic as its price remains above $16,000 despite several corrections over the weekend.  This bodes well for the leading coin in its quest to hit record heights in the coming weeks. Bitcoin Maintains $16k Bitcoin's recent bullish run was the dominant feature in the crypto markets last week and the leading coin headed to the weekend of a yearly high of $16,500. However, it failed to make any significant price jumps…