Kraken raised $800M at a ~$20B valuation from Citadel, Jane Street, DRW, Tribe Capital, and more. The firm also confidentially filed for a U.S. IPO.

An Abu Dhabi backed fund tripled its bitcoin bet in the months before the crash. In a rare move, a spokesperson mentioned they see it as a store of value similar to gold, and expect both bitcoin and gold to be both short and long term positions.

Ledn received a strategic investment from Tether to scale bitcoin-backed credit and institutional services.

Metaplanet approved a ¥21.25B (~$140M) Class B preferred raise with a 4.9% dividend.

Cash App enabled “Pay with Bitcoin,” letting users spend BTC directly from the app at participating merchants across their 4m business customer base allowing merchants to auto convert revenue into bitcoin or dollars. 

Harvard tripled its bitcoin position to $448m as of September 30th, while doubling its gold position. Bitcoin is now the largest publicly known position in the endowment.

Emory doubled its bitcoin holdings to over $50m as of September 30th and added a gold holding as well.

Al Warda disclosed a bitcoin position worth over $500m as of September 30th. The investment firm is managed by the Abu Dhabi Sovereign Wealth Fund.

Fidelity enabled users to withdraw or sending digital assets from their wallets, more than 2 years after enabling buy/sell functionality. Fidelity also received approval for UK Bitcoin ETP.

PwC’s global survey found 55% of hedge funds invested in crypto, with the asset class making up 7% of their portfolios on average.

JPMorgan projected a potential $170,000 bitcoin price in the next 6–12 months in a client note.

MicroStrategy posted its Q3 earnings presentation, which detailed plans for the company to enter markets in Europe and Canada with its preferred financial instruments.

ARK Labs launched the Arkade public beta, a Bitcoin Layer-2 focused on instant payments and off-chain transactions.

Ledn posted a record Q3, citing growth in BTC-backed credit and institutional services.

Early Riders backed Aureo with $1.1M to scale secure Bitcoin custody and infrastructure across Latin America.

JPMorgan planned to let institutional clients borrow against bitcoin and ether holdings via a third-party custody model by late 2025.

Blackrock bitcoin ETF holdings have increased driven by holders moving their ownership directly into the ETF in kind.

River launched Supercharged Recurring Buys, adding DCA automation with increased purchasing on down bitcoin days.