BlackRock's Bitcoin holdings market value surpasses $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, demonstrating steadfast support for this cryptocurrency.
In terms of regulation, Canary Capital has submitted an application for a SOL ETF to the SEC, indicating a 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 in the third quarter increased by 79% year-on-year to $1.21 billion and plans to repurchase up to $1 billion in stock, showcasing confidence in future developments.
Overall, despite ongoing market fluctuations, Bitcoin remains a favorite among many investors, and the future outlook remains optimistic🚀.