The biggest altcoin by market capitalization seems to have received a boost from the news of the launch of a 100-million-euro ($120.8 million) digital bond sale on its network by the European Investment Bank.
Meanwhile, Bitcoin’s institutional adoption has continued to expand. Japanese game developer Nexon disclosed the purchase of 1,717 Bitcoin at an average price of $58,226, for a total consideration of about $100 million. Nexon president and CEO Owen Mahoney said the investment was done to protect shareholder value and maintain the purchasing power of cash assets.
Daily cryptocurrency market performance. Source: Coin360
It is not only the Bitcoin purchases by companies that are catching investor’s attention. Goldman Sachs said that crypto-related stocks have risen 43% this year, outperforming the S&P 500 by a wide margin, which is up over