GlobalStake and BitGo partner to deliver enhanced institutional staking solutions

BitGo, the leading infrastructure provider of digital asset solutions, today announced that it has partnered with GlobalStake to deliver a next-generation institutional staking solution combining best-in-class security, sustainability, and scalability. As BitGo’s first fully bare-metal staking partner, GlobalStake’s infrastructure will be integrated directly into all BitGo institutional client UIs for SOLANA, ETHEREUM, BNB, POLKADOT, and the new WALRUS NETWORK from SUI, with more asset support to follow, allowing for direct staking through a unified and trusted interface.

“BitGo has earned its reputation as a trusted custodian for institutions, and GlobalStake’s expertise in…

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LATEST: Abu Dhabi Wealth Fund Allocates $408M to BlackRock Bitcoin Investment ETF

Major investment players are doubling down on crypto with new filings showing Abu Dhabi’s Mubadala Investment Company and Citadel Advisors expanding their positions in BlackRock’s spot Bitcoin ETF iShares Bitcoin Trust or IBIT. Mubadala now holds 8.7 million IBIT shares worth $408 million as of March 31 up from 8.2 million at the end of 2024.

Citadel Advisors also made a big move growing its stake to over 3 million IBIT shares valued at $147 million up from just 1 million in December. The firm further showed strong exposure with $676 million in call options and $366 million in put options tied to IBIT. These developments signal continued confidence in Bitcoin among major institutions.

Other big players are also backing IBIT including Goldman Sachs Avenir Group and Millennium Management which still holds 17.5 million shares worth $823 million. Despite some exits like the State of Wisconsin Investment Board overall institutional interest in crypto remains solid and growing.

13F filing

Thursday Mailbag: Dinners, memecoins and lobbyists

This is a segment from The Breakdown newsletter. To read full editions, subscribe.

“The value of all Wares arise from their Use; things of no use, have no value.” 

— Nicholas Barbon (1690)

Q: What did dinner with the president cost?

The final TRUMP holder to qualify for dinner with the president held 4,196 tokens, which were worth about $60,000 at the cut-off.

But that’s not the cost of the invite, because holders were free to sell as soon as the period or record ended.

If they did, they would have taken about a 10% loss, making the real cost of dinner with the president (and 219 others) about $6,000.

This is a bargain!

For comparison, a Super PAC…

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Abu Dhabi’s Sovereign Wealth Fund Reveals $408 Million Investment In BlackRock’s Bitcoin ETF

Mubadala, Abu Dhabi’s sovereign wealth fund, disclosed a $408.5 million stake in the iShares Bitcoin Trust (IBIT), according to a 13F filing released today. The fund reported holding 8,726,972 shares as of March 31, 2025, an increase from 8,235,533 shares reported at the end of 2024. 

In a 13F filed today, Mubadala, the Abu Dhabi sovereign wealth fund, disclosed owning 8,726,972 shares of IBIT as of March 31, valued at $408.5 million.

That’s an increase from 8,235,533 shares previously reported as of December 31.

This is an important one.

Filing:…

— MacroScope (@MacroScope17) May 15, 2025

This big move from Mubadala adds fuel to the fire for U.S. spot Bitcoin ETFs, which have been…

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DDC Enterprise Announces Bitcoin Reserve Strategy, Targets 5,000 BTC Within 36 Months

DDC Enterprise Ltd., a China- and U.S.-based consumer brand and e-commerce company, has announced plans to adopt Bitcoin as a strategic reserve asset, targeting the accumulation of 5,000 BTC over the next 36 months. The move, revealed in a shareholder letter today by Founder, Chairwoman, and CEO Norma Chu, positions DDC as one of the first companies in its sector to embrace Bitcoin as part of its core financial strategy. 

“I am exceptionally enthusiastic to announce DDC’s Bitcoin Accumulation Strategy, a cornerstone of our long-term value creation plan,” said Chu. “Bitcoin’s unique properties as a store of value and hedge against macroeconomic uncertainty align perfectly…

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Bitcoin Magazine Launches “The Bitcoin For Corporations Show”

Bitcoin Magazine is proud to announce the launch of a new flagship series: “The Bitcoin for Corporations Show,” hosted by Pierre Rochard, CEO of The Bitcoin Bond Company. Pierre brings financial expertise and a decade-long track record of advocating for Bitcoin’s investment potential.

Following the momentum of the recent Bitcoin for Corporations 2025 event, hosted by Strategy (formerly MicroStrategy), this new show will serve as a dedicated platform to accelerate corporate Bitcoin adoption and demystify cutting-edge financial strategies for commercial, enterprise, and institutional market participants.

Each episode will feature exclusive interviews with global leaders in…

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Flash Launches Flash 2.0 To Simplify Bitcoin Payments For Businesses Worldwide

Flash, a Bitcoin payment platform, has officially launched Flash 2.0, its latest version designed to simplify and accelerate Bitcoin adoption for businesses. The update introduces a redesigned interface, expanded e-commerce compatibility, and a streamlined setup process that allows merchants to start accepting Bitcoin in just three minutes.

Accepting Bitcoin payments has at times been challenging for businesses, requiring third-party services and lengthy verifications. Flash 2.0 aims to eliminate those hurdles. Businesses can now accept Bitcoin directly, without any intermediaries, technical knowledge, or delays.

In addition to being a payment gateway, Flash 2.0 also serves as a…

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NEW: Bitcoin Set to Outperform Gold in Second Half of 2025, Says JPMorgan

Bitcoin is gaining momentum as investor attention shifts away from gold according to JPMorgan analysts. The once-popular debasement trade where both assets rose together has now split with bitcoin climbing and gold slipping. Since April 22 gold has dropped nearly 8 percent while bitcoin jumped 18 percent showing a clear trend in shifting investor preference.

Analysts point to a wave of crypto-specific catalysts fueling bitcoin’s rise. Companies like Strategy and Metaplanet are heavily investing in bitcoin with Strategy aiming to raise over $42 billion by 2027 and already reaching 60 percent of that goal. U S states such as New Hampshire and Arizona are adding bitcoin to their reserves creating long-term demand and boosting confidence in the asset.

Bitcoin is also benefiting from a more mature crypto market. Major U S exchanges including Coinbase and Kraken have acquired key derivatives platforms increasing institutional access and regulatory clarity. With gold weakening and crypto innovation accelerating analysts see strong upside potential for bitcoin in the second half of 2025.

FTX To Begin $5 Billion Creditor Payouts Starting May 30

FTX Recovery Trust announced that they will begin distributions of more than $5 billion to approved creditors on May 30, 2025, as outlined in the Chapter 11 Plan of Reorganization. This will apply to holders of allowed claims in the Plan’s Convenience and Non-Convenience Classes who have completed all pre-distribution requirements.

“Eligible creditors should expect to receive funds from their selected distribution service provider (a “Distribution Service Provider”), either Bitgo or Kraken, within 1 to 3 business days from May 30, 2025,” the company stated. Additional distribution dates will be announced in the future.

In the Second Distribution, in accordance with the…

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Coinsilium Raises £1.25M To Launch Bitcoin Treasury Strategy, Opens Retail Offer

Coinsilium Group Limited, which became the first blockchain firm to IPO in 2015, has launched a Bitcoin treasury strategy, raising £1.25 million in an oversubscribed placing to accelerate its Bitcoin treasury initiative through Forza (Gibraltar) Limited, its fully-owned treasury vehicle. 

The placing, priced at 3 pence per share, will fund the next phase of the company’s Bitcoin-focused strategy and support general operations. 

“I am delighted to announce this Placing today,” said Executive Chairman Malcolm Palle. “We have been very pleased by the response to the Company’s Forza! Initiative and these funds will allow us to advance the implementation of our…

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