As 2024 comes to an end, this year will be remembered as a game-changer for Bitcoin ๐ช, with major institutions making massive investments. Here's a look back at the highlight
1. MicroStrategy โ July 2024 ๐
MicroStrategy acquired 21,550 Bitcoin ๐ค for $2.1 billion, boosting its total holdings to an astonishing 423,650 Bitcoin. This solidified their position as the ultimate Bitcoin whale ๐.
2. BlackRock โ November 2024 ๐
The worldโs largest asset manager saw its Spot Bitcoin ETF surpass 500,000 Bitcoin โก, valued at over $48 billion ๐. This historic move cemented BlackRockโs commitment to crypto.
3. El Salvador โ December 2024 ๐
El Salvador ๐ธ๐ป, 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 โ May 2024 ๐ฆ
Crypto exchange Kraken raised $14 million in a Series C funding round ๐ผ, reflecting growing institutional confidence in the crypto space.
5. ARK Invest โ October 2024 ๐ฆพ
ARK Invest, led by Cathie Wood, invested $500 million ๐ธ in Bitcoin ETFs, doubling down on its bullish outlook for the cryptocurrency market.
A Historic Year for Bitcoin ๐
These investments propelled Bitcoin to an all-time high ๐, crossing $100,000 in December 2024 ๐. The year highlighted growing institutional trust and mainstream adoption of crypto.
๐ก What are your predictions for
Bitcoin in 2025? Let us know in the comments!
