Latest news with #JackMallers
Yahoo
3 days ago
- Business
- Yahoo
Bitcoin To See $400B In Inflows From Institutions By 2026, Report Says
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A recent report suggests that the influx of institutional capital into Bitcoin may only just be starting. The report suggests Bitcoin interest from a heterogeneous group of investors. The anticipated demand for Bitcoin is likely to drive its price significantly higher. For years, Bitcoiners said institutions were coming. Now, without a doubt, they are finally here. Last year, spot exchange-traded funds backed by the asset saw nearly $37 billion in inflows, and several corporations jumped on the Bitcoin treasury strategy popularized by MicroStrategy (NASDAQ:MSTR). A recent report suggests that the influx of institutional capital into Bitcoin may only just be starting. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Bitcoin will see $427 billion in institutional inflows by the end of 2026, according to a UTXO and Bitwise joint report last week. This number includes $120 billion expected to flow in this year, the report said. UTXO and Bitwise analysts expect public corporations to accumulate up to 1 million BTC by the end of 2026. At the same time, they expect the number of Bitcoin treasury firms to double. MicroStrategy already holds over 580,000 BTC with plans to purchase an additional $84 billion worth of BTC through 2027. Meanwhile, firms like Semler Scientific (NASDAQ:SMLR), Metaplanet and GameStop continue to accumulate. There are also new firms emerging, like Twenty One, a venture backed by Tether and SoftBank. Twenty One revealed plans to launch with 42,000 BTC, and its CEO, Jack Mallers, has suggested that the firm plans to surpass MicroStrategy's Bitcoin holdings. Another anticipated driver for the predicted Bitcoin demand is U.S. states. Trending: New to crypto? on Coinbase. Earlier this month, New Hampshire became the first state to enact a law allowing its state treasury to invest in digital assets with market caps exceeding $500 billion. Currently, this includes only Bitcoin. Texas may be set to follow suit, as similar legislation has passed in the state House and is headed to the state Senate for approval of changes made in the lower chamber. If these changes are approved it would go to the desk of Gov. Greg Abbott, who has signaled support for the bill. Meanwhile, Arizona Gov. Katie Hobbs vetoed a bill that would have made the state treasury an active buyer of digital assets, but signed another into law allowing the state to build a reserve from seized digital assets. UTXO and Bitwise estimate that these laws could drive nearly $20 billion in inflows to Bitcoin by the end of 2026. Other drivers of Bitcoin demand highlighted by the joint report include increased adoption by nation-states, sovereign funds and wealth management platforms. These are anticipated to bring in approximately $162 billion, $8 billion and $120 billion in Bitcoin inflows, respectively, by the end of next year. 'We're entering a new era of Bitcoin adoption—one that is not driven by hype cycles, but by balance sheet fundamentals, sovereign strategy, and long-term fiduciary mandates,' UTXO Research Lead Guillaume Girard said in a blog post. As highlighted in the UTXO and Bitwise report, this anticipated Bitcoin demand is likely to drive up the price of the asset significantly higher. While the report does not specify how high the asset's price could surge, Bitwise has previously predicted that Bitcoin will surge to $200,000 by the end of the year. At last look, the asset is trading at $109,000. Read Next: A must-have for all crypto enthusiasts: . 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article Bitcoin To See $400B In Inflows From Institutions By 2026, Report Says originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
3 days ago
- Business
- CNBC
Saylor's bitcoin buying strategy is 'exploding' globally, but Wall Street is skeptical
LAS VEGAS — The bitcoin treasury play that lifted Strategy's market cap past $80 billion is now being mimicked by meme stock companies, media firms, and multinational conglomerates. But Wall Street isn't buying all the hype. This week, Trump Media announced plans to raise $2.5 billion to buy bitcoin, and GameStop revealed a $500 million allocation. Meanwhile, Tether, SoftBank, and Strike's Jack Mallers unveiled Twenty One, a bitcoin-native public company expected to launch with more than 42,000 bitcoin on its balance sheet, enough to make it the third-largest corporate holder of the asset globally. For now, the market doesn't see the next Strategy in any of them. Trump Media shares have dropped more than 20% since the announcement, while GameStop is down nearly 17%. Strategy, formerly known as MicroStrategy, has multiplied by 26 times since the end of 2022, amassing a bitcoin stake worth over $60 billion. "Maybe the market wanted them to buy more bitcoin," said Strategy Chairman Michael Saylor in an interview at Bitcoin 2025 in Las Vegas. "But these are short-term dynamics. Over the long term, bitcoin on the balance sheet has proven to be extraordinarily popular." Saylor called Trump Media's move "courageous, aggressive, and intelligent" — and said the flood of similar announcements marks a global shift in corporate finance. "Everywhere I go at this conference, someone says, you know, I'm working on a bitcoin treasury company in Hong Kong. I'm doing this thing in Korea. I've got this thing I'm working on in Abu Dhabi. We're going to do this in the Middle East, you know, we've got this in the U.K.," he said. "There's an explosion of interest right now." Saylor said bitcoin ambassadors are "planting the orange flag everywhere on earth." What began as a fringe financial maneuver is quickly becoming a geopolitical race. Under the Biden administration, corporate bitcoin adoption was often treated as a regulatory red flag. But under President Donald Trump, the tone has changed. In March, Trump signed an executive order establishing a U.S. Strategic Bitcoin Reserve, instructing federal agencies to treat bitcoin as a long-term store of value. The reserve will be funded entirely through bitcoin seized in criminal and civil forfeiture cases, according to White House Crypto and AI Czar David Sacks. The order also empowers the government to explore additional budget-neutral mechanisms for acquiring more bitcoin. For the first time, the federal government will conduct a full audit of its digital asset holdings, currently estimated at more than 200,000 bitcoin. The order explicitly prohibits the sale of any bitcoin from the reserve, cementing its role as a permanent sovereign asset. Vice President JD Vance this week became the first sitting vice president to address the bitcoin community directly, framing crypto as a hedge against inflation, censorship, and "unelected bureaucrats." And in a further move to boost bitcoin, the Department of Labor rolled back guidance that had discouraged bitcoin investments in retirement plans. "No force on Earth can stop an idea whose time has come," Saylor said. "Bitcoin is digital capital and maybe the most explosive idea of the era." Some corners of the corporate world are still resistant. Late last year, Microsoft shareholders rejected a proposal to use some of the software company's massive cash pile to follow Saylor's lead. In a video presentation supporting the effort, Saylor told investors that "Microsoft can't afford to miss the next technology wave." While Strategy has reaped the rewards of early adoption, Saylor suggested the market's cooler reaction to Trump Media and GameStop may stem more from structural financing dynamics than from skepticism toward bitcoin itself. He pointed to GameStop's initial announcement that it was considering a bitcoin strategy, which led to a 50% pop in the stock and tenfold increase in trading volume. The company quickly capitalized on the momentum with a $1.5 billion convertible bond raise — a move he described as "extraordinarily successful." Trump Media took a similar approach, raising capital through a large convertible bond offering. Saylor said those financing methods can create short-term downward pressure, but that over time investors will benefit. When it comes to Strategy, Saylor said there's no ceiling to his bitcoin accumulation plans. His company is already by far the largest corporate holder of the cryptocurrency. "We'll keep buying bitcoin," he told CNBC. "We expect the price of bitcoin will keep going up. We think it will get exponentially harder to buy bitcoin, but we will work exponentially more efficiently to buy bitcoin." For critics who worry that state and media actors embracing bitcoin will undermine its decentralized ideals, Saylor argues the opposite. "The network is very anti-fragile, and there's a balance of power here," he said. "The more actors that come into the ecosystem, the more diverse, the more distributed the protocol is, the more incorruptible it becomes, the more robust it becomes, and so that means the more trustworthy it becomes to larger economic actors who otherwise would be afraid to put all of their economic weight on the network."
Yahoo
5 days ago
- Business
- Yahoo
Pantera Reveals Its Bets on Stocks That Adopted ‘Digital Asset Treasury' Strategy
Crypto investment firm Pantera Capital revealed a series of concentrated bets on a growing class of publicly-traded companies holding large digital asset reserves on Thursday. Among Pantera's portfolio is Twenty One Capital (CEP), a Bitcoin-focused treasury firm led by Jack Mallers and backed by Tether, Softbank and Cantor Fitzgerald, according to a note by general partner Cosmo Jiang. The firm also disclosed it is an early backer of DeFi Development Corp (DFDV), which applies the model to Solana SOL, and Sharplink Gaming (SBET), the Ethereum ETH treasury play supported by Ethereum software firm ConsenSys, per the note. This investment push signals Pantera's broader belief that traditional financial structures are increasingly viable pathways into digital assets, even as spot-based exchange-traded funds (ETF) and other regulated products expand. These firms —what Pantera calls Digital Asset Treasury companies, or DATs — seek to offer crypto exposure to equity market investors without requiring direct ownership of tokens, a play spearheaded by Michael Saylor's Strategy (MSTR). These stocks unlock crypto access for investors still wary of managing wallets or trading on crypto exchanges, Jiang argued. The companies function as closed-end funds on public markets, potentially limiting supply of the underlying assets — Bitcoin, Solana or Ethereum — and affecting price dynamics over time, he said. The note argued that under the right conditions — market volatility, financial engineering, and smart management — these companies can grow their token-per-share metrics faster than the tokens themselves appreciate, potentially offering more upside than direct crypto purchases. However, as the market is getting increasingly saturated with these offerings, a few analysts raised concerns about the long-term upside of these stocks: MSTR, for example, underperformed while bitcoin rose to fresh record highs this month, 10x Research in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Strike CEO says proof of reserves lending is 'gonna change the world'
During a May 13, 2025 podcast with Natalie Brunell, Strike CEO Jack Mallers introduced the company's new Bitcoin-backed loan product. Strike, Arch, and Nexo are among the companies now offering Bitcoin-backed loans with nearly instant approval. Secured by Bitcoin holdings, these loans reduce lender risk and give borrowers access to cash without a credit check or extensive personal disclosures. This type of lending appeals to Bitcoin holders who are hesitant to sell because they believe in its long-term value or want to avoid triggering a taxable event. Borrowers can use the funds for a variety of purposes, including a home purchase, medical expenses, starting a business, or even acquiring more Bitcoin. It's especially attractive to those who want to keep exposure to Bitcoin while unlocking liquidity. It functions similarly to a home equity loan, in which holders borrow against the value of their Bitcoin without selling it. To get started, users deposit their Bitcoin with the platform or a trusted third-party custodian. Once approved, funds are typically available within minutes and can be used however the borrower chooses. Strike and its competitors partner with capital providers to fund loans, ensuring smooth access to cash backed by digital assets. The loan amount is based on the value of the Bitcoin provided as collateral. Most platforms start with a loan-to-value (LTV) ratio of around 50%, meaning a borrower with $200,000 in Bitcoin could access up to $100,000 in cash. Some lenders offer loans as small as $1,000. Others have no maximum cap, making this an appealing option for both individuals and corporate borrowers. Credit cards typically come with adjustable APRs, fewer flexible terms and limits. Bitcoin-backed lenders offer fixed APRs on 12- to 24-month terms, allowing for predictable repayment plans. As the market matures, borrowers can expect longer terms and lower interest rates. By borrowing against their holdings, users can quickly unlock cash while retaining growth potential, which has historically exceeded the loan's APR. Collateralized Bitcoin lending offers a compelling alternative to traditional credit products. Strike and similar platforms allow Bitcoin holders to unlock liquidity without selling and sacrificing long-term gains. Strike CEO says proof of reserves lending is 'gonna change the world' first appeared on TheStreet on May 29, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
5 days ago
- Business
- Bloomberg
Jack Mallers Aims to One-Up Michael Saylor With Tether and Cantor's Help
Until recently, Jack Mallers was probably best known outside the hardcore crypto community for bursting into tears in 2021 while announcing that Bitcoin would be legal tender in El Salvador during the industry's largest conference in Miami. Now, four years later, Mallers is returning to the center stage at Bitcoin 2025 in Las Vegas on Thursday as the co-founder and chief executive officer of one of the most talked-about ventures in the digital asset world — Twenty One Capital Inc., an amalgamation of some of crypto and Wall Street's deepest-pocketed players, who are coming together to accumulate Bitcoin.
