Financial giants such as Bank of America, BlackRock, Fidelity, etc. invested $75M in MicroStrategy, indirectly showing their faith in Bitcoin?

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Financial giants such as Bank of America, BlackRock, Fidelity, etc. invested $75M in MicroStrategy, indirectly showing their faith in Bitcoin?

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2 Comments

  1. eunit250 on 15. April 2023 at 12:28

    Those companies made over 100 billion dollars last year, $75 million in MicroStrategy represents less than 0.1% of Bank of America’s total revenue and less than 0.5% of BlackRock’s total revenue.

    I think that these types of companies have such an obscene amount of money they can afford to invest in pretty much everything, and they don’t want to miss out.

     


  2. nzubemush on 15. April 2023 at 12:28

    Big companies and governments have been directly or indirectly investing in blockchain and by extension, bitcoin. A lot of them just don’t make it to the main crypto news platforms.

    For example, Weaver Labs, a Web3 startup driving growth through connectivity, was selected as a winner of the UK Government Future Ran Competition (FRANC), this was in late 2021. The project is close to launching its blockchain now and already has several products already.