The addresses received BTC on Sept. 22 and were emptied into one wallet on Oct. 9.
Fundstrat's Sean Ferrell said a potential MSCI exclusion of Bitcoin treasury companies is largely priced in. He sees Bitcoin reaching $95,000-$100,000 by year-end, though not reclaiming its record high.
Michael Saylor's bitcoin treasury company Strategy has announced plans to begin paying daily cash dividends on its STRC preferred shares starting Nov. 2, pending shareholder approval of changes to its dividend structure. The company also intends to maintain STRC's 12% annual dividend rate as it seeks to keep the stock trading near $100 per share.
Schwab's endorsement and regulatory clarity could bolster Bitcoin's legitimacy, potentially driving broader institutional adoption and market stability. Charles Schwab says Bitcoin still has strong fundamentals for the future.
The banking giant stressed that this move is part of a strategy to achieve an 8% compound annual growth rate in its corporate banking services by 2028. Deutsche Bank co-head Gerald Podobnik said these services will complement the bank's traditional offerings.
The cohort held about 4.08 million BTC on Oct. 16, up 12% from its July 29 low.
Unique Wealth's Bitcoin ETF strategy highlights evolving investment trends, influencing future asset allocation and ETF market dynamics. Unique Wealth discloses $10.4 million in Bitcoin exposure in latest 13F-HR filing.
MSCI approved rules threatening Strategy's index membership as its shares trade nearly 69% below their peak. On Oct. 15, the global index provider announced that it would adopt a new methodology excluding companies classified as non-operating businesses from its Global Investable Market Indexes.
Bitcoin was quoted at 79,864.4375 Tether (USDT) at 9:55 a.m. ET (13:55 UTC).
The new $SATS instrument is linked to a potential purchase of more than 7,500 BTC.
Bitcoin traded at $82,213 in the snapshot. Binance spot also favored buyers, while Coinbase spot and OKX perpetual markets had more sell orders.
Technical indicators suggest the bullish trend remains intact, but prediction market traders are sending mix signals.