This could make Bitcoin and Ether more attractive to institutional investors seeking to maximize the utility of their assets. Investment banking giant JPMorgan Chase is reportedly planning to let clients use Bitcoin and Ether as collateral for loans, signaling Wall Street’s continued move toward embracing digital assets. The initiative would allow JPMorgan’s global clients to borrow against their Bitcoin (BTC) and Ether (ETH) holdings, according to a Bloomberg report published Friday, citing people familiar with the matter. The offering would store clients’ Bitcoin and Ether holdings through a third-party custodian, according to people who spoke to the news outlet. Read more
Corporate Bitcoin reserves now rival ETFs, and Botanix Labs founder Willem Schroé wants to turn those dormant holdings into active, yield-generating assets. Publicly listed companies are increasingly rebranding as Bitcoin (BTC) treasuries, with holdings now nearing 1.05 million BTC. Private companies have also piled in by adding another 279,185 BTC across at least 68 companies, bringing the total to 1.33 million, or about 6.3% of Bitcoin’s supply. The question now is whether these reserves will sit idle or be put to work. Willem Schroé, founder and CEO of Bitcoin yield network Botanix Labs, believes many won’t. Read more