As 2024 comes to an end, this year will be remembered as a game-changer for Bitcoin šŖ, with major institutions making massive investments. Here's a look back at the highlight
1. MicroStrategy ā July 2024 š
MicroStrategy acquired 21,550 Bitcoin š¤ for $2.1 billion, boosting its total holdings to an astonishing 423,650 Bitcoin. This solidified their position as the ultimate Bitcoin whale š.
2. BlackRock ā November 2024 š
The worldās largest asset manager saw its Spot Bitcoin ETF surpass 500,000 Bitcoin ā”, valued at over $48 billion š. This historic move cemented BlackRockās commitment to crypto.
3. El Salvador ā December 2024 š
El Salvador šøš», the pioneer in adopting Bitcoin as legal tender, added 1,000 Bitcoin to its reserves during a price dip, demonstrating unwavering faith in its long-term value.
4. Kraken ā May 2024 š¦
Crypto exchange Kraken raised $14 million in a Series C funding round š¼, reflecting growing institutional confidence in the crypto space.
5. ARK Invest ā October 2024 š¦¾
ARK Invest, led by Cathie Wood, invested $500 million šø in Bitcoin ETFs, doubling down on its bullish outlook for the cryptocurrency market.
A Historic Year for Bitcoin š
These investments propelled Bitcoin to an all-time high š, crossing $100,000 in December 2024 š. The year highlighted growing institutional trust and mainstream adoption of crypto.
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Bitcoin in 2025? Let us know in the comments!