BUSINESSJun 8 · 21:29 UTCBITCOIN MAGAZINEMicah Zimmerman

Coinbase Executive: Massive Institutions Are Buying Bitcoin’s Crash

Bitcoin fell below $60,000, marking a 50% decline from its peak. Coinbase's John D’Agostino stated institutions are buying Bitcoin at a discount, citing Mubadala Investment Company's increased holdings in BlackRock's Bitcoin Trust and sustained $100 billion in Bitcoin ETF exposure despite the price drop.

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Mentioned

John D’AgostinopersonCoinbaseorganizationBitcointopicMubadala Investment CompanyorganizationBlackRock’s iShares Bitcoin TrustorganizationMichael SaylorpersonUAEplaceAbu Dhabiplace

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