Monat: März 2025

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Michael Saylor’s Strategy to raise up to $21b to buy more Bitcoin

  • Strategy is the world’s largest corporate holder of Bitcoin
  • Fresh purchases with the new capital will push the company’s total BTC holdings beyond 500,000 BTC
  • Michael Saylor recently attended the White House Crypto Summit

Strategy, formerly MicroStrategy, has announced plans to raise additional capital for general corporate operations, including the purchase of more Bitcoin (BTC).

In the announcement on March 10, Strategy said it plans to issue and sell shares of up to $21 billion in its at-the-market (ATM) program.

The offer will be for its 8.00% Series A Perpetual Preferred Stock (STRK), with proceeds expected to fund the company’s general corporate purposes. Most of this will go into more Bitcoin purchases as Strategy continues to accumulate BTC. Strategy will also utilize raised funds for working capital.

Strategy’s holdings just under 500k BTC

Michael Saylor’s artificial intelligence and business intelligence company – now the world’s largest corporate BTC company – first added BTC as a treasury asset in 2020. Since then, its been a prolific buyer of the benchmark digital asset.

With its last purchase in February 2025, Strategy pushed its haul to 499,096 BTC.

This is where it currently stands, with total holdings just below the landmark 500,000 Bitcoin. So far, the company has spent $33.1 billion to buy Bitcoin. Per details, the company’s average purchase price was $66,357 per Bitcoin.

News that Saylor was looking to buy more BTC slightly buoyed bulls during early trading on March 10. Per market data, the top cryptocurrency’s price hovered around $83,252 at the time of writing.

While Bitcoin’s price was down 1.4% in the past 24 hours, the slight gains had seen BTC rebound from lows of $80,120. BTC nonetheless continues to struggle despite last week’s executive order on a Strategic Bitcoin Reserve and the first-ever White House crypto summit.

The post Michael Saylor’s Strategy to raise up to $21b to buy more Bitcoin appeared first on CoinJournal.

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BBVA gets nod to offer Bitcoin and Ethereum trading services in Spain

  • BBVA customers in Spain will soon be able to trade Bitcoin (BTC) and Ethereum (ETH)
  • The bank will roll out the crypto trading services in phases
  • First, the bank will allow a select group of customers to test the services before expanding it to retail customers

Spain’s Banco Bilbao Vizcaya Argentaria (BBVA), the country’s second-largest bank, has received regulatory approval from the Comisión Nacional del Mercado de Valores (CNMV) to offer Bitcoin (BTC) and Ethereum (ETH) trading services.

Following the approval by the securities regulator, BBVA announced that its clients will soon be able to buy, sell, and manage BTC and ETH directly through its mobile banking app, a move that underscores the growing convergence of legacy banking and digital assets.

This development positions BBVA as a trailblazer among European banks, capitalizing on the increasing demand for crypto-related services. With Bitcoin (BTC) trading at approximately $82,808 and Ethereum (ETH) at $2,118, the bank aims to tap into a market that has seen explosive growth and institutional interest.

Notably, BBVA’s decision reflects a broader trend of traditional financial institutions adapting to the evolving preferences of tech-savvy customers, many of whom view cryptocurrencies as both an investment opportunity and a hedge against economic uncertainty.

A phased rollout approach

BBVA will roll out its crypto trading in phases. Initially, the service will be available to a select group of users, allowing the bank to test and refine its platform before a wider rollout.

Afterwards, the lender will gradually expand access to all private banking customers across Spain.

This cautious yet deliberate strategy highlights BBVA’s commitment to ensuring a seamless and secure experience for its clients, leveraging its own cryptographic key custody platform to maintain full control over digital asset holdings without relying on third-party providers.

The bank’s proprietary custody solution is a key differentiator. By keeping customer assets in-house, BBVA aims to enhance security and trust—crucial factors in a sector often plagued by concerns over hacks and mismanagement.

This move also aligns with the bank’s long-standing emphasis on technological innovation, positioning it as a leader in the digital transformation of finance.

Building on the rising crypto adoption trends

BBVA’s crypto journey is not a sudden leap, but a calculated expansion of efforts that began years ago. In June 2021, the bank launched Bitcoin custody and trading services for private banking clients in Switzerland, where regulatory clarity provided an early foothold.

Since then, BBVA’s Swiss branch has broadened its offerings to include ETH and the USDC stablecoin after partnering with Ripple’s Metaco, catering to a sophisticated clientele comfortable with digital assets.

More recently, in January 2025, BBVA’s Turkish subsidiary, Garanti BBVA Kripto, introduced crypto trading services to the public, further solidifying the bank’s global footprint in this space.

The approval in Spain builds on these successes, adapting lessons learned from Switzerland and Turkey to meet the unique needs of the Spanish market.

With each step, BBVA is demonstrating a strategic vision to integrate cryptocurrencies into its core offerings, aligning with shifting regulatory and consumer landscapes.

Notably, the timing of BBVA’s Spanish rollout coincides with the full implementation of the European Union’s Markets in Crypto-Assets Regulation (MiCA), which took effect at the end of 2024. MiCA establishes a harmonized framework for crypto services across the EU, providing banks and firms with the legal clarity needed to operate confidently.

Under this regulation, companies have until July 2026 to achieve full compliance during an 18-month transitional phase, giving BBVA ample time to refine its operations.

The post BBVA gets nod to offer Bitcoin and Ethereum trading services in Spain appeared first on CoinJournal.