Strategy Buys Another $1.99B in Bitcoin, Nears 500k BTC Holding

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📈 Preview On Today’s News:

1. - Strategy Buys Another $1.99B in Bitcoin, Nears 500k BTC Holding

2. - DekaBank Launches Crypto Trading and Custody Services for Institutional Clients 

3. - SEC Ends Investigation Into Robinhood Amid Crypto Policy Shift 

Keep reading below for more!

Today’s News:

1)

Strategy Buys Another $1.99B in Bitcoin, Nears 500k BTC Holding

Michael Saylor's rebranded company, Strategy, has acquired an additional $1.99 billion worth of Bitcoin, purchasing 20,356 BTC at an average price of $97,514 per coin. This purchase brings Strategy's total Bitcoin holdings to 499,096 BTC, valued at over $33 billion, as part of its ongoing 21/21 plan. The company remains one of the most vocal supporters of Bitcoin, continuing its aggressive accumulation strategy despite the cryptocurrency's current price of $95,000. Strategy's recent purchase is its first since February 10th, when it added $742 million worth of Bitcoin. Additionally, BlackRock, a $11.6 trillion asset manager, increased its stake in Strategy to 5% earlier this month, showcasing growing institutional support.

• Strategy purchased 20,356 BTC for $1.99 billion, bringing its total holdings to 499,096 BTC valued at over $33 billion.

• The company's ongoing Bitcoin accumulation aligns with its 21/21 plan, with continued institutional support, including BlackRock's 5% stake.

2)

DekaBank Launches Crypto Trading and Custody Services for Institutional Clients 

Germany's DekaBank, a leading asset manager with $395 billion under management, has launched crypto trading and custody services for institutional clients, marking a significant step in the financial institution's digital asset strategy. The Frankfurt-based investment bank received regulatory approval from Germany’s Federal Financial Supervisory Authority (BaFin) under the German Bank Act, following two years of development. DekaBank, which serves as the asset manager for Sparkassen-Finanzgruppe—Germany's largest financial services group—emphasizes security and compliance as core aspects of its new crypto offerings, reflecting the growing institutional adoption of digital assets in Europe.

• DekaBank, managing $395 billion, launched crypto trading and custody services for institutional clients, gaining regulatory approval from BaFin.

• The move follows two years of development, highlighting growing institutional crypto adoption, with a focus on security and compliance.

3)

SEC Ends Investigation Into Robinhood Amid Crypto Policy Shift 

The US Securities and Exchange Commission (SEC) has officially ended its investigation into Robinhood, deciding not to pursue any enforcement action. This move follows the issuance of a Wells Notice in May 2024, which Robinhood’s chief legal officer, Dan Gallagher, argued was unwarranted. The conclusion of this probe is part of the SEC’s broader strategic shift away from its previous adversarial approach to cryptocurrency regulation under the Gary Gensler-led administration. This shift aligns with the recent launch of the SEC's new crypto task force aimed at fostering industry growth and establishing clearer regulatory frameworks in the United States. Robinhood has expressed optimism about collaborating with the SEC to develop transparent guidelines for cryptocurrency regulation moving forward.

• The SEC has ended its investigation into Robinhood with no enforcement action, reflecting a strategic policy shift in its approach to cryptocurrency regulation.

• Robinhood welcomes the decision and aims to work with the SEC on establishing clear regulatory guidelines for the crypto industry in the US.

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