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BNY Mellon boosts stake in Bitcoin firm Strive, gaining indirect Bitcoin exposure via shares.

Market News
12 Nov 2026, 17:28 WIB
Tokenpost
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Bullish
BNY Mellon boosts stake in Bitcoin firm Strive, gaining indirect Bitcoin exposure via shares.

BNY Mellon increased its investment in Strive, a company holding over 43,000 Bitcoin, by September 30. Instead of buying Bitcoin directly, BNY Mellon gains exposure through Strive's publicly traded shares. Strive finances its Bitcoin purchases mainly through equity and preferred stock, avoiding traditional debt. This move allows BNY Mellon, which manages trillions in assets, to tap into Bitcoin's market indirectly through a major corporate holder.

BNY Mellon's increased holdings in Strive, a major Bitcoin holder, come as context for cryptocurrency market activity on Pluang. For readers following crypto, here is Pluang's market snapshot as of Nov 12, 2026 22:32 WIB: out of 50 major cryptocurrencies, only 6 rose while 43 fell. EOS gained 8.13% to Rp12.649 with a typical hold time of 87 days, contrasting with AAVE's 7.60% drop to Rp2.046.095 and a 36% sell order activity, and UNI's 6.61% decline to Rp108.355 alongside a dominant 75% sell order activity.

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