FIRST STATE PURCHASE OF BTC \ stacker news ~bitcoin

FIRST STATE PURCHASE OF BTC

421 sats \ 16 comments \ @bitties 15 May bitcoin

FIRST STATE PURCHASE OF BTC 🏦

BREAKING: State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF

I knew there’d be more…

And this may be the most unexpected one yet.

The state of Wisconsin has just disclosed its Bitcoin holdings.

That’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 BlackRock’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 Grayscale’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 surprises…

The point to focus on?

Institutions tend to move in herds. 🐑

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1021 sats \ 13 replies \ @0xbitcoiner 15 May

Bitcoin ETF is a paper Bitcoin

111 sats \ 1 reply \ @Kontext 15 May

THIS. It's a fucking IOU FFS

0 sats \ 0 replies \ @bitties OP 15 May

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.

0 sats \ 10 replies \ @bitties OP 15 May

It most definitely is. This is good news for BTC though, no matter what your stance.

96 sats \ 9 replies \ @0xbitcoiner 15 May

The title of your post is wrong

0 sats \ 8 replies \ @bitties OP 15 May

Are you trying to make an issue out of nothing? You like to comment on my posts with arguments that aren’t quite arguments. I hope you have a good day.

1 sat \ 7 replies \ @0xbitcoiner 15 May

There was no argument from my side, I was merely laying out the FACTS

0 sats \ 2 replies \ @bitties OP 15 May

Yea, I tried to find anything showing it’s not the first state and all I get is more proof that it IS the first state. So please enlighten me? I am here to learn.

1 sat \ 1 reply \ @0xbitcoiner 15 May

The error I pointed out isn't about being the first state. I don't know if it is, and I don't care. The error was saying that they bought bitcoin. What they bought was paper bitcoin.

0 sats \ 0 replies \ @bitties OP 15 May

Uh duh. We already went over that. Jesus Christ dude have a good one.

Waste of my time.

reply on another page

0 sats \ 3 replies \ @bitties OP 15 May

Gotcha, so you are nitpicking nothing. Just needed to be clear. Did you know that if you believe me to be wrong? Posting that fact with proof is a better response. Much more mature.

1 sat \ 2 replies \ @0xbitcoiner 15 May

There's no need to get upset. Showing a bit of humility and admitting your mistake would have made you look better in the photo.

0 sats \ 1 reply \ @bitties OP 15 May

Being mature and posting the correction, now that would have made you look better in the photo