Strategy has slowed down its Bitcoin acquisition strategy with smaller buys this month, while the number of crypto millionaires grows closer to a quarter million.
Bitcoin’s (BTC) price has slumped in September, but that didn’t stop Michael Saylor’s Strategy from scooping up over 7,000 BTC.
Inflows into Bitcoin exchange-traded funds (ETFs) totalled over $240 million in September. This is proving to be a boon for some firms, such as BlackRock, which has generated $260 million in revenue from its ETF offerings in the last two years.
In the US, progress on crypto laws has slowed down; many legislatures are out of session or on recess. Still, crypto laws moved forward in five states this month, and Wisconsin introduced a bill regarding data centers and Bitcoin mining.
