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In what is a rather surprising development for the industry as a whole, the Wisconsin State Investment Board has completely sold off its entire $350 million stake in spot Bitcoin ETFs. Indeed, the US state pension fund exited its position in BlackRock’s iShares Bitcoin Trust (IBIT), according to its latest 13F filing with the US Securities and Exchange Commission (SEC). The US state had become the first of its kind to invest in the crypto-based ETF in 2024. Moreover, it had completely divested in the product in Q1 after Bitcoin plummeted more than 12%. In late 2024, the investment board had doubled its position in the asset before reversing course rapidly. Source: WSJ Also Read: Abu Dhabi’s Sovereign Wealth Fund Discloses $463M Bitcoin ETF Holdings Wisconsin Exits Bitcoin ETF Position in Major Shift After Landmark Investment in 2024 2025 has proven to be an increasingly volatile year for the cryptocurrency market. Among the most affected was Bitcoin. However, after a stark decline...

MicroStrategy stock (MSTR) had a phenomenal 2024 thanks to the company’s Bitcoin investments, and that’s expected to continue in 2025. MSTR stock is already rising in the opening days of the year, up nearly 12% during Friday’s trading session. Correspondingly, Bitcoin is creeping back towards $100,000, a mark the asset reached for the first time in 2024. In 2024, MicroStrategy, led by Michael Saylor, invested millions into the Bitcoin cryptocurrency. Saylor is one of the most bullish institutional investors for the asset in the industry. His influence sparked MicroStrategy to go all-in on Bitcoin, and in 2024, that went extremely well for MSTR investors. The company’s market capitalization reached a new high last year, as did its stock value. As Bitcoin continues to rise, the stock in MicroStrategy correspondingly climbs. MicroStrategy Stock Forecast For 2025 Per CoinCodex, MSTR may ultimately hit $400 this year. However, it’s important that the pro-crypto/...

Michael Saylor says he’s paying bitcoin taxes, unlike ‘crypto-anarchists’ MicroStrategy CEO Michael Saylor recently defended his belief that large financial institutions will end up owning a large and ever-growing portion of bitcoin’s supply. In an interview that he proudly posted to X and YouTube, Saylor claimed that the Bitcoin network will improve as companies and governments displace “crypto-anarchists.” When asked about the risk of government seizure as third-party custodians hold more bitcoin on behalf of their customers, Saylor responded, “I think that when the bitcoin is held by a bunch of crypto-anarchists who aren’t regulated entities — who don’t acknowledge government or don’t acknowledge taxes or don’t acknowledge reporting requirements — that increases the risk of seizure” (emphasis in original). Saylor insinuated that institutions like BlackRock or MicroStrategy, unlike self-sovereign Bitcoiners, will reliably file and pay their taxes. The irony of that ...

“Every time someone builds an application that’s cool on Bitcoin, like all the Ordinals and inscriptions and whatever that are driving up transaction fees, it’s a catalyst,” the MicroStrategy co-founder explained. advertisement I stopped by @PBDsPodcast this morning to discuss currencies, crypto, politics, #bitcoin, banking, macro, money, and the media with @patrickbetdavid. https://t.co/IctlB4l7gN pic.twitter.com/e6ljbGM124 — Michael Saylor ⚡️ (@saylor) May 9, 2023 Trending Stories MATIC Price Analysis : Polygon Price Losing Monthly Support Hints an Upcoming fall of 15%; Keep Holding? 24/7 Cryptocurrency News Market Correction offers Discount Opportunity in these Large Cap Cryptocurrencies; Buy Today? 24/7 Cryptocurrency News Cardano Price Analysis : Sellers in Control may Pressurize ADA Price for 18% Fall; Sell or Hold? 24/7 Cryptocurrency News XRP Price Analysis : XR...