Strategy Stock Could Climb as New Rival Twenty One Validates Its Bitcoin Strategy

Michael Saylor’s bitcoin buying strategy had both believers and skeptics. But a new rival just emerged, already holding nearly $4 billion BTC on its balance sheet—and it’s a bullish sign, according to at least one Wall Street analyst. When SoftBank, Tether, and Cantor Fitzgerald unveiled plans to launch a new bitcoin investment company called Twenty…

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SoftBank Is Buying Bitcoin Again, After $130M Loss in 2018. Is This Time Different?

Japanese investment giant SoftBank is dipping its toes back into crypto by backing a new bitcoin (BTC) investment vehicle, Twenty One Capital, in conjunction with Tether, Bitfinex, and Cantor Fitzgerald. For some, the SoftBank Group—which has $308.7 billion assets under management—taking an interest in bitcoin is a welcome development and another sign of mounting institutional…

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El Salvador’s Top Crypto Regulator Meets With U.S. SEC: ‘It Was Very Refreshing’

El Salvador’s Comisión Nacional de Activos Digitales (CNAD), the agency in charge of regulating digital assets in the Central American nation, is seeking to establish a cross-border regulatory sandbox with the U.S. Securities and Exchange Commission (SEC). “We want to create international collaboration,” Juan Carlos Reyes, president of the CNAD, told CoinDesk in an interview….

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Bitcoin tests key threshold as short-term holders cash out and institutions buy in

Bitcoin (BTC) rose to $94,300 this week and is now testing a pivotal price level as short-term holders begin to realize profits and institutional interest strengthens, creating a “decision point” moment for the market. According to a report from Glassnode on April 24, BTC’s price hike momentarily broke above the Short-Term Holder (STH) Cost Basis,…

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