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Cryptocurrency News Articles
Bitcoin (BTC) Recognized as the Highest-Performing Asset in Russia's Financial Markets for April 2025
May 16, 2025 at 06:07 am
The Central Bank of Russia has recognized Bitcoin as the highest-performing asset in the country's financial markets for April 2025, with an 11.2% increase
The Central Bank of Russia has recognized Bitcoin (BTC) as the highest-performing asset in the country's financial markets for April 2025, according to a report by the bank.
Bitcoin registered a 11.2% increase in April, making it the best-performing asset class in Russia. The cryptocurrency is also the top performer year-to-date, having achieved a 17.6% return, surpassing stocks, bonds, and gold.
Despite a short-term volatility with an 18.6% drop between January and April, Bitcoin has been identified as the top global investment since 2022, with a cumulative return of 121.3%.
Over the past year, Bitcoin has been identified as the most profitable investment by the Russian central bank, with a 38% return. Since 2022, Bitcoin's cumulative return has reached 121.3%, significantly outperforming traditional assets like gold, equities, and the S&P 500.
This recognition comes amid unprecedented institutional interest in the cryptocurrency.
In a separate development, the Saudi Arabia Central Bank has disclosed its ownership of MicroStrategy (NASDAQ:MSTR) shares, as reported by BTC Eco. This stake provides indirect exposure to Bitcoin, considering MicroStrategy's massive cryptocurrency holdings.
The bank's investment in MicroStrategy shares is a strategic move to gain exposure to Bitcoin, which has become a popular asset for institutional investors in recent times.
As of April, MicroStrategy's Bitcoin holdings amounted to approximately 190,000 BTC, valued at around $9.4 billion. The company's investment in Bitcoin began in 2020, when it acquired 70,000 BTC for $715 million.
Moreover, MicroStrategy is planning to sell $500 million worth of convertible senior notes to finance further Bitcoin purchases.
Saudi Arabia's central bank holding a stake in MicroStrategy provides a unique angle on the increasing institutional interest in both Bitcoin and MicroStrategy.
This development is expected to have implications for the cryptocurrency market and the investment strategies of major financial institutions in the coming period.output: Bitcoin (BTC) was recognized as the highest-performing asset in Russia's financial markets for April, according to the Central Bank of Russia.
Bitcoin's price rose by 11.2% in April, making it the best-performing asset class in the country. It was also the top performer year-to-date, with a 17.6% return, surpassing stocks, bonds, and gold.
Bitcoin is the top global investment since 2022, with a cumulative return of 121.3%. However, it faced a short-term volatility with an 18.6% drop between January and April.
Over the past year, Bitcoin has been identified as the most profitable investment by the Russian central bank, with a 38% return.
Since 2022, Bitcoin's cumulative return has reached 121.3%, significantly outperforming traditional assets like gold, equities, and the S&P 500.
This recognition comes amid unprecedented interest in the cryptocurrency from major institutions.
In a separate development, the Saudi Arabia Central Bank has revealed its ownership of MicroStrategy (NASDAQ:MSTR) shares, which provide exposure to Bitcoin due to the company's significant cryptocurrency holdings.
The bank's investment in MicroStrategy is a strategic move to gain exposure to Bitcoin, which has become a popular asset for institutional investors in recent times.
As of April, MicroStrategy's Bitcoin holdings amounted to approximately 190,000 BTC, valued at about $9.4 billion. The company's investment in Bitcoin began in 2020, when it acquired 70,000 BTC for $715 billion.
Furthermore, MicroStrategy is planning to sell $500 million worth of convertible senior notes to fund additional Bitcoin purchases.
Saudi Arabia's central bank holding a stake in MicroStrategy provides a unique perspective on the increasing interest from major financial institutions in both Bitcoin and MicroStrategy.
This development is expected to have implications for the cryptocurrency market and the investment strategies of major institutions in the coming period.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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- JPMorgan Sees Bitcoin Outpacing Gold in H2 2025
- May 16, 2025 at 02:15 pm
- Rising investor interest fuels BTC's long-term outlook
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- WASHINGTON – US congressional Democrats introduce resolutions to block three arms sales to the UAE
- May 16, 2025 at 02:00 pm
- Democrats Chris Murphy, Chris Van Hollen, Brian Schatz and Tim Kaine and Bernie Sanders, an independent who caucuses with Democrats, introduced resolutions of disapproval in the Senate that would block three arms sales to the UAE.