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SoFi Bank Reveals $82mn #Bitcoin Holdings
San Francisco-based #SoFi Bank, which has 6.2 million customers, has revealed that it holds $82mn worth of Bitcoin in its Q2 earnings report. This makes SoFi Bank one of the largest institutional investors in Bitcoin in the United States.
SoFi Bank's decision to invest in Bitcoin is a sign of growing institutional interest in the cryptocurrency. In recent months, a number of major financial institutions have announced plans to invest in Bitcoin, including BlackRock, Goldman Sachs, and Morgan Stanley.
The growing institutional interest in Bitcoin is being driven by a number of factors, including the increasing volatility of the traditional financial markets and the growing belief that Bitcoin is a store of value.
