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According to decrypt Institutional investment in cryptocurrency shows no signs of slowing down, with reports that Germany is set to introduce legislation that would enable managers of institutional investment funds to allocate 20% of them to crypto.
Current BTC price is: $54,311.33
Tokyo-based game publisher Nexon has bought $100 million worth of Bitcoin.
Elsewhere, Japanese game publisher Nexon has joined the ranks of firms buying Bitcoin for their treasuries, while Tesla's $1.5 billion Bitcoin holdings have ballooned to nearly $2.5 billion.
And institutions are broadening their horizons, too; the University of Wyoming has appropriated $4 million for cryptocurrency staking: University of Wyoming to Generate Revenue From Crypto Staking
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