VR banks launch crypto offers: Bitcoin remains strong despite criticism!

VR banks launch crypto offers: Bitcoin remains strong despite criticism!

The world of cryptocurrencies remains dynamic, and developments are constantly finding new ways to come into the public eye. Several VR banks are building a bridge to the crypto world by soon introducing crypto offerings for private customers, which will include Bitcoin and Ether. This is what the pages of Crypto Magazine. The introduction of these offers is carried out in cooperation with the Stuttgart Stock Exchange, and the start is expected after the summer break.

While the VR banks are taking this step, large institutions such as the savings banks and Commerzbank do not yet have their own crypto offerings. However, the increased interest among customers is favored by the current record prices of Bitcoin. Bitcoin closed May with a gain of almost 10%, reaching a high of $111,999 on May 22nd.

Environmental issues and Bitcoin

Nevertheless, Bitcoin trading also raises critical questions. The Bitcoin network produces 98 million tons of CO2 annually, which is more than twice as much as Switzerland. To make a comparison, a single Bitcoin transaction has a carbon footprint equivalent to 105,000 hours of YouTube videos. These numbers couldn't be more appropriate given the growing environmental debate.

An interesting example of the confluence of traditional corporate finance and Bitcoin is MicroStrategy, a company that has evolved from a software provider into a major Bitcoin investor. The company now holds over 553,000 Bitcoin, making it one of the largest institutional holders, according to the article Exchange Express emerges.

MicroStrategy and the Bitcoin bet

MicroStrategy shares are closely linked to the movements of the Bitcoin price and react disproportionately to price changes. Analysts see the stock as potentially undervalued and point to a buying opportunity. The company has already invested $765 million in Bitcoin and plans to raise up to $42 billion via new stock offerings to acquire more Bitcoin. However, this aggressive expansion strategy is not without risk, especially if the Bitcoin price drops significantly.

MicroStrategy's quarterly figures for the first quarter of 2025 are expected after the market closes. Analysts forecast revenue to rise 1.2% to $116.6 million year-over-year, while loss per share could narrow to $0.11. This shows continued confidence in the company's business strategy, which is heavily influenced by crypto dynamics.

In another sign of institutional investors' continued interest in Bitcoin, inflows into Bitcoin ETFs reached $5.6 billion in May. The total value of Bitcoins held by companies rose to $85.6 billion. Despite the potential risks associated with Bitcoin's volatility, market participants remain optimistic.

A new regulatory environment may also soon come into focus, with a decision by the US Treasury Department to establish a strategic Bitcoin reserve expected in the next few weeks. Interest in Bitcoin remains strong and the market will be watching closely to see how these developments unfold.