Strategy purchased an additional 22,048 bitcoin (BTC) for approximately $1.92 billion last week, according to a regulatory filing released Monday morning. The acquisition was made at an average price of $86,969 per bitcoin.
BlackRock CEO Larry Fink said the U.S. Dollar could lose its global economic dominance if it fails to rein in soaring national debt, pointing to Bitcoin as a potential challenger to the dollar’s reserve currency status.
Brazil’s National Monetary Council (CMN) has issued a new resolution banning certain pension funds from investing in cryptocurrencies, citing high risk and volatility.
Top Stories in the Crypto Round-up today:
- Strategy Buys Another $1.92B in Bitcoin, Bringing Holdings to Over 500,000 BTC
- BlackRock’s Larry Fink Warns U.S. Dollar Risks Losing Reserve Status to Bitcoin
- Brazil Bans Major Pension Funds From Investing in BTC and Other Crypto Assets