BlackRock's Bitcoin holdings market value exceeds $30 billion 🎉, marking a continued increase in institutional investors' confidence in Bitcoin. Meanwhile, MicroStrategy plans to raise $42 billion over the next three years to increase its Bitcoin holdings, showing strong support for this cryptocurrency.
In terms of regulation, Canary Capital has submitted an application for a SOL ETF to the SEC, reflecting the growing demand for cryptocurrency investment products. Additionally, Reddit sold off most of its cryptocurrency holdings in the third quarter, reflecting market volatility.
Coinbase's revenue grew 79% year-over-year in the third quarter to $1.21 billion, and it plans to buy back up to $1 billion in stock, demonstrating confidence in future development.
Overall, despite ongoing market volatility, Bitcoin remains a favorite among many investors, with an optimistic outlook for the future 🚀.