Sparkassen-Finanzgruppe execs once ruled out adopting crypto over concerns of volatility and risk, and the banking giant also blocked customer crypto transactions back in 2015.
The raise includes a transaction of $10 million where the company accepted Bitcoin instead of cash.
Bitcoin closed June at a record monthly high of $107,100 despite forming a spinning top candlestick pattern that suggests market indecision.
Bitfinex analysts say declining Bitcoin spot volume may indicate a “local top” but all eyes will be on the performance of spot Bitcoin ETFs this week.
Bitcoin could break past $110,000 as inflation pressures mount, equities rally, and passive capital flows grow on potential S&P 500 rebalancing events.
A trader under the handle qwatio has been liquidated eight times in the last week, with the latest a partial liquidation of an Ether position leveraged by 25X.
Metaplanet has become the fifth-largest corporate Bitcoin holder after its latest $108 million purchase, which comes on the same day the Japanese firm issued 0% interest bonds to buy more.
Long-term Bitcoin holders have been selling to institutions since spot ETFs launched, keeping prices stagnant.
Jordi Visser argued that growing dissatisfaction among those 25 and younger with the current financial system will increase BTC adoption.
Bitcoin price made a weekend rush on the $109,000 resistance and HYPE, BCH, LINK and SEI could be the first altcoins to rally if BTC bulls secure new highs.