The partnership aims to invest billions of dollars in crypto in a method similar to Strategy,111 formerly MicroStrategy, which clocked an exponential growth in valuation after it began heavily investing in Bitcoin, the FT report said, citing people with knowledge of the matter.
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The move reflects the payments giantβs continued push into the cryptocurrency space after first launching crypto support in 2020. The new tokens will roll out to U.S. users over the next few weeks.
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As of writing, BTC's short-term and long-term risk reversals, which show the implied volatility premium (demand) for bullish bets or calls versus puts, were positive, implying investor interest in chasing price gains in the leading cryptocurrency, per data source Amberdata.
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