Zeta Network Group Secures $231 Million Bitcoin-Backed Investment
Zeta Network Group Secures $231 Million Bitcoin-Backed Investment
Zeta Network Group has secured a $231 million bitcoin-backed investment through a private placement involving solvBTC. The company aims to strengthen its balance sheet and signal growing institutional confidence in bitcoin-based treasury assets. $231 Million Bitcoin Investment by Zeta Network Group Sees Adoption of SolvBTC Zeta Network Group (Nasdaq: ZNB) has announced a $231 million […]
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BlackRock’s Bitcoin Bet Pays Off: IBIT ETF Breaks $100 Billion Barrier
According to statements made on CNBC, BlackRock’s spot Bitcoin ETF, IBIT, has topped $100 billion in assets under management less than two years after it launched. Related Reading: Dogecoin Sheds 25% As $57M Flees Market — Can The Memecoin Recover? That figure marks one of the fastest rises for any ETF in recent memory. It also puts the world’s largest asset manager squarely at the center of institutional Bitcoin holdings. BlackRock Now Holds A Large Share Of Bitcoin Supply Based on reports, BlackRock holds 804,944 BTC. At current, lower market levels, that stash is worth close to $90 billion. When Bitcoin hit an all-time high last week, the same holding was worth more than $100 billion. BlackRock’s position represents 3.83% of Bitcoin’s total supply. For comparison, Strategy (formerly MicroStrategy) owns 640,250 BTC, or 3.048% of supply, according to available figures. Those numbers show how ownership of Bitcoin is shifting toward big financial firms as ETFs and other products bring new capital into crypto markets. Tokenization Push Adds New Dimension Larry Fink told viewers the firm is moving faster into digital assets and that tokenization will be used for a wide range of investments, from property to bonds. BlackRock also manages an Ethereum portfolio valued at more than $17 billion. The company has launched tokenized money market vehicles, and one product called BUIDL has become the largest tokenized cash money market fund, according to the firm. With about $4 trillion reportedly sitting in digital wallets worldwide, BlackRock sees an opportunity to reach investors who prefer digital channels. Institutional Shift In Ownership Is Clear Reports show IBIT’s rapid growth has changed the balance of large holders. Where corporate treasuries and early adopters once dominated ownership, institutional funds now control a rising share. That matters for liquidity and for how large inflows or outflows might affect the market when they happen. It also shifts some power over market behavior to managers who must answer to clients and regulators. Bitcoin Price And Market Conditions Based on market updates, Bitcoin fell below $112,500 on Wednesday. Price action cooled after recent gains, with renewed headwinds including US-China trade tensions and a temporary US government shutdown contributing to weaker sentiment. Analysts say the next few weeks could offer buying chances as funding and perpetual markets calm. Institutional flows into ETFs like IBIT will be watched closely because they can tilt short-term demand. Related Reading: BNB’s Comeback Meal — Trader Says The Token Ate The Dump For Breakfast What This Means Going Forward BlackRock’s move signals a larger reality: digital assets are now part of mainstream finance. Fink’s change in tone — from caution to active investment — reflects that shift. The presence of a major manager with hundreds of thousands of BTC and a growing set of tokenized offerings will influence how investors view crypto exposure. Featured image from Michael Nagle/Bloomberg/Getty Images, chart from TradingView
Mystery Deepens Around 16,237 BTC Moved From Lubian Wallets Amid $36B US Bitcoin Cluster
On Tuesday, Bitcoin.com News covered the U.S. government’s move to seize more than 127,000 bitcoins from Chinese national Chen Zhi and an international fraud ring dubbed Prince Group. Our newsroom noted in a follow-up post that the trove was tied to an old mining pool, Lubian.com, which authorities allege was both bankrolled and managed by […]
Japan Declares War On Crypto Insider Trading – Details
Japan’s top financial authorities are pushing to tighten rules on cryptocurrency trading, with plans that would make buying or selling tokens on the basis of undisclosed information illegal. Related Reading: Bhutan Picks Ethereum To Anchor Citizen Identity On The Blockchain According to Nikkei and other reports, the Financial Services Agency (FSA) is discussing reclassifying some […]
- CoinDesk
The Fortunes of Tomorrow Will Be Built on Compute Power
In the 20th century, investors who understood energy shaped industries and built massive fortunes. This century, the commodity that matters most is compute, whether you’re mining bitcoin or training AI models, writes HIVE Blockchain Technologies’ Frank Holmes.
Bitcoin Price Falls to $110,000 as Bitcoin Corporate Adoption Hits Record Highs
Bitcoin Magazine Bitcoin Price Falls to $110,000 as Bitcoin Corporate Adoption Hits Record Highs Bitcoin slumped a bit today, trading in the mid $110,000s range. This post Bitcoin Price Falls to $110,000 as Bitcoin Corporate Adoption Hits Record Highs first appeared on Bitcoin Magazine and is written by Micah Zimmerman.