FIRST STATE PURCHASE OF BTC šŸ¦
BREAKING: State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF
I knew thereā€™d be moreā€¦
And this may be the most unexpected one yet.
The state of Wisconsin has just disclosed its Bitcoin holdings.
Thatā€™s right - a state government now holds Bitcoin.
Through a quarterly 13F filing with the SEC, we can see that the State of Wisconsin Investment Board (SWIB) holds ~$100 million in BlackRockā€™s IBIT.
This disclosure marks SWIB as the first state-level institution to announce its Bitcoin holdings.
The filing also discloses that SWIB holds over $63 million in Grayscaleā€™s GBTC. Making their total investment into Bitcoin worth ~$163 million.
Today is also the deadline day for these 13F filings, so there still could be some last minute surprisesā€¦
The point to focus on?
Institutions tend to move in herds. šŸ‘
Bitcoin ETF is a paper Bitcoin
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111 sats \ 1 reply \ @Kontext 15 May
THIS. It's a fucking IOU FFS
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Well duh, is everyone gonna parrot this? Isnt it more of a circle-jerk than any discussion? I agree with you guys.
I have said this and I think maybe you are more worried about losing to an algorithm than having intelligent discussions.
I mean, read the last part of my post. SMH.
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It most definitely is. This is good news for BTC though, no matter what your stance.
With this pace I'll never reach my stack goal
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Slowly, then suddenly.
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Funny itā€™s Wisconsin of all states all they got over there is cheese and cows
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