Lutnick’s Firm Bought Bitcoin Company Stock as He Pushed for Crypto Reserve

Lutnick’s Firm Bought Bitcoin Company Stock as He Pushed for Crypto Reserve

💡Share this on Bluesky and XWhile Commerce Secretary Howard Lutnick was helping the Trump White House develop plans to establish a national Bitcoin reserve, his family-run financial firm Cantor Fitzgerald significantly increased its investment in Strategy, the top corporate holder of Bitcoin, whose co-founder has been the leading proponent of creating a strategic crypto reserve focused on Bitcoin.The Bitcoin-company stock purchases were identif…

Ark Invest Takes Swipe At MSTR, MARA, Says 'Bitcoin Treasury Companies Don't Make Sense:' 'Funding Purchases With Debt...Seems Like A Recipe For Disaster' - Cantor Equity Partners (NASDAQ:CEP)

Bitcoin (CRYPTO: BTC) treasury companies like Michael Saylor‘s Strategy Inc. (NASDAQ:MSTR) (formerly MicroStrategy) were in focus as Brett Winton, the chief futurist at ARK Investment Management LLC, highlighted that trouble could be brewing for such companies in the long run. What Happened: As companies like MSTR have been issuing equity and debt to raise funds for Bitcoin purchases, Winton underscored that funding purchases with debt “seems li…

Top crypto to buy as Saudi Central Bank reveals exposure to MSTR

Bitcoin and other crypto assets have been in an uptrend in recent sessions after the Saudi Central Bank (SAMA) confirmed significant exposure to MicroStrategy Inc. According to SAMA’s latest 13F filing, it owns a total of 25,656 shares of the business intelligence firm that has successfully transformed into a Bitcoin-proxy over the past few years. This institutional purchase together with the de-escalation of trade tensions between the US and Ch…

Saudi Central Bank Invests Indirectly in Bitcoin via MicroStrategy - Blockchain & Cryptocurrencies Tabloid

Saudi Central Bank gains Bitcoin exposure through MicroStrategy shares, signaling rising sovereign interest. The post Saudi Central Bank Invests Indirectly in Bitcoin via MicroStrategy appeared first on Blockchain & Cryptocurrencies Tabloid.

Saudi Arabia Central Bank Acquires 25,656 Shares of MicroStrategy, Gaining Bitcoin Exposure

The Saudi Arabia Central Bank has disclosed in a recent SEC 13F filing that it holds 25,656 shares of MicroStrategy Inc. (MSTR). This acquisition indicates the sovereign's strategic move to gain exposure to Bitcoin, as MicroStrategy is known for its significant Bitcoin holdings. The purchase reflects a growing trend among sovereign entities investing in cryptocurrency-related assets.This is an AI-generated article powered by DeepNewz, curated by…