Wealthy investors own crypto but advisers lag, OKX hits $25B valuation, Strategy favors stock buybacks over Bitcoin
CoinShares survey shows most wealthy investors across seven economies hold digital assets while OKX raises funds at $25B and Strategy prioritizes STRC buybacks over Bitcoin purchases.
Why it matters
The survey signals growing comfort with crypto among high-net-worth individuals even as professional advisers remain cautious. OKX's valuation reflects continued exchange funding appetite, while Strategy's shift toward stock buybacks suggests capital allocation priorities may be evolving. Rising Treasury yields present a structural headwind for Bitcoin's momentum.
Key facts
A CoinShares survey found a majority of wealthy investors across seven major economies already own digital assets.
Reported by Cointelegraph
Many wealthy investors surveyed by CoinShares plan to increase their crypto exposure this year.
Reported by Cointelegraph
Strategy spent more than six times as much buying back STRC preferred shares last week as it did buying Bitcoin.
Reported by Cointelegraph
Treasury yields remain above 5%, providing an attractive alternative to risk assets according to Delphi Digital.
5 %Reported by Cointelegraph
What happened
Cointelegraph reports that a CoinShares survey found a majority of wealthy investors across seven major economies already own digital assets, with many planning to increase exposure this year. Separately, OKX has raised additional funding at a $25 billion valuation. Strategy (formerly MicroStrategy) spent more than six times as much buying back its preferred STRC shares last week as it did purchasing Bitcoin. Bitcoin posted a 43% gain in the third quarter, its best since 2017, and logged a third consecutive weekly advance, though Delphi Digital warns the rally faces resistance from Treasury yields above 5%.
How the story developed
- First report
First report by Cointelegraph
Crypto Biz: Wealthy investors are buying crypto, but their advisers aren’t sold
- Update
CoinShares survey published showing wealthy investor crypto ownership
Majority of affluent investors across seven economies hold digital assets with plans to increase allocation
- Update
OKX raises funding at $25 billion valuation
Exchange secures new capital at elevated valuation
- Update
Strategy prioritizes STRC buybacks over Bitcoin purchases
Company spent over 6x more on preferred stock repurchases than BTC acquisitions last week
- Update
Bitcoin posts 43% Q3 gain, best since 2017
Third consecutive weekly advance recorded amid rising Treasury yields
Affected entities
Also mentioned: Circle, Ripple
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Cointelegraph Crypto media | Crypto Biz: Wealthy investors are buying crypto, but their advisers aren’t sold | Original |
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