Goldman Sachs, one of the largest and most influential investment banks in the world, has recently made waves by disclosing its substantial investments in Bitcoin exchange-traded funds (ETFs).

This move represents a significant shift for a company that has historically been skeptical of Bitcoin. As of June 30, 2024, reported Goldman Sachs Bitcoin ETF holdings were above $400 million, according to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC).

In its quarterly 13F filing, Goldman Sachs revealed that it holds positions in seven different Bitcoin ETFs available in the U.S. market. The bank’s largest holding is in BlackRock’s iShares Bitcoin…

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Marathon Digital Holdings, one of the largest publicly traded Bitcoin miners, has made a significant move by purchasing $249 million worth of Bitcoin. This acquisition increases Marathon’s Bitcoin treasury to over 25,000 BTC, solidifying its position as a major player in the cryptocurrency space.

On August 12th, Marathon announced a $250 million convertible note offering to fund further Bitcoin acquisitions. The offering was met with strong demand, allowing the company to raise $300 million. Marathon swiftly used $249 million of these funds to buy 4,144 Bitcoin at an average price of $59,500 per coin.

With this latest purchase, Marathon is doubling down on its long-term strategy to accumulate and hold Bitcoin, similar to the approach taken by MicroStrategy. This move highlights the growing trend among public companies to adopt Bitcoin as a strategic reserve asset, leveraging low-cost borrowing to secure the digital currency.

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Binance, the world’s largest cryptocurrency exchange, has resumed services for Indian users after a seven-month suspension. The pause was due to regulatory issues, with Indian authorities accusing the platform of operating illegally. Binance has now registered as a reporting entity with India’s Financial Intelligence Unit (FIU), a move that ensures compliance with local anti-money laundering and anti-terrorism financing laws.

The exchange’s return marks a significant step for the Indian crypto market, with Binance emphasizing its commitment to adhering to Indian regulations. Richard Teng, CEO of Binance, stated that this compliance allows the platform to better serve Indian users and contribute to the country’s evolving digital asset landscape. As Binance’s website and apps are now operational in India, this development signals a positive shift for the local cryptocurrency community.

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A recent analysis from Bitcoin Magazine Pro showcases the power of dollar-cost averaging (DCA) in Bitcoin compared to traditional assets like gold, Apple stock, and the Dow Jones Industrial Average (DJI). The data reveals that consistently investing $10 weekly into Bitcoin over the last five years would have grown a total investment of $2,620 into $7,913.20, reflecting a remarkable 202.03% return.

In contrast, the same $10 weekly investment in gold yielded a return of 34.47%, growing the initial $2,620 to $3,523.06. Apple stock also performed well, with a 79.13% return,…

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A wallet linked to the US government recently transferred over 10,000 Bitcoin (BTC), as per data from Arkham Intelligence. This transfer follows a significant $2 billion Bitcoin transaction by the government in late July, which led to a 1.2% dip in Bitcoin’s price. Currently, Bitcoin is trading around $59,000, down 3% in the last 24 hours. The transferred Bitcoin eventually reached Coinbase Prime, a leading crypto exchange.

With over 203,200 BTC in its possession, the US government is the largest national holder of Bitcoin globally, valued at around $12 billion. These holdings largely stem from law enforcement actions, including the Silk Road seizure. Besides Bitcoin, the government also controls over 50,000 Ether (ETH), worth approximately $134 million. Arkham Intelligence reported that 300 ETH, valued at about $699,000, was moved to a new wallet earlier this month.

The State of Wisconsin Investment Board has significantly increased its stake in Bitcoin. According to a recent SEC filing, the board now holds 2,898,051 shares of the iShares Bitcoin Trust, valued at $98.9 million as of June 30. This marks a substantial rise from the 2,450,400 shares reported in May. This move reflects growing confidence in cryptocurrency as a viable investment option. By boosting its Bitcoin holdings, Wisconsin joins a growing number of institutional investors embracing digital assets, signaling a positive outlook for the future of cryptocurrencies.

SEC Filing

The State of Wisconsin Investment Board (SWIB) has increased its investment in BlackRock’s iShares Bitcoin Trust (IBIT), according to a new SEC filing today, as first reported on X by MacroScope. 

In an SEC filing today, the State of Wisconsin Investment Board reported owning 2,898,051 shares of the iShares Bitcoin Trust as of June 30 (valued at $98.9 million as of that date).This is an increase from the 2,450,400 shares that Wisconsin previously reported in May.…

— MacroScope (@MacroScope17) August 14, 2024

As of June 30, the board owns 2,898,051 shares, valued at $98.9 million. This marks a substantial increase of 447,651 shares from the 2,450,400 shares reported in May. Notably,…

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