US Institutions continue to accumulate Bitcoin, grab over $600 million from Coinbase Pro

US Institutions continue to accumulate Bitcoin, grab over $600 million from Coinbase Pro

New info from the CEO of CryptoQuant shows that amid Bitcoin’s correction, US investors have continued to gobble the digital asset. Ki Young Ju disclosed earlier today that institutions acquired 13,000 Bitcoins from the U.S.-based exchange Coinbase.

The chief executive of the analytics platform took to Twitter to share that these big-money players spent a staggering $624 million to acquire Bitcoin at an average price of $48,000 per coin. Following the purchase, the funds were moved out of Coinbase possibly into cold storage wallets.

Meanwhile, the San Francisco-based trading giant, Coinbase, has filed for a direct initial product offering with the U.S. Securities and Exchange Commission. If successful, Coinbase would become the first crypto exchange to go public, a major win for the industry.

Data from Axios currently sets the firm’s valuation at over $100 billion, with investors buying Coinbase stocks in secondary markets for $373 per share.

The exchange also revealed that it had been investing in the flagship currency and other digital assets since 2012.

Overall, institutions are actively buying the dip. As reported by BTC PEERS, MicroStrategy just bought $1.02 billion worth of Bitcoin.

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$70M Committed to Boba Network as Foundation Concludes BOBA Token Agreement with FTX Recovery Trust

$70M Committed to Boba Network as Foundation Concludes BOBA Token Agreement with FTX Recovery Trust

Grand Cayman, Cayman Islands, July 1st, 2025, Chainwire Boba Governance Foundation today announced a significant milestone with a $70 million capital commitment secured from Awaken Foundation and LDA Capital to fund the continued development and ecosystem expansion of Boba Network, the leading Layer-2 blockchain for AI-powered decentralized applications (dApps), enabled

By John Williams