
On The Brink with Castle Island
Weekly Roundup 02/23/24 (ECB's very bad blog, more bad boys, 3ac boys latest) (EP.505)
Feb 23, 2024
Topics discussed include the ECB's negative Bitcoin blog, 3AC boys latest news, SEC's mysterious ETF analysis, Reddit holding Bitcoin and ETH, Circle leaving Tron, and Rep. Emmer's letter to the OMB about Bitcoin mining data request
42:49
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Quick takeaways
- Reddit publicly discloses investing in Bitcoin and Ethereum, reflecting a trend among publicly traded companies.
- Coinbase expresses support for Grayscale Ethereum ETF, providing detailed arguments to the SEC for approval.
Deep dives
Reddit Invests in Bitcoin and Ethereum
Reddit has publicly disclosed investing excess cash reserves into Bitcoin and Ethereum with plans to continue in the future. This move reflects a trend seen in various publicly traded companies using their balance sheets for crypto investments.
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