Institutions Don Boost Bitcoin Plus Solana Money As Coinbase Enter S&P 500

Published: 2025-05-13 07:37:48 |

Big big money people dem don dey put plenty money for crypto, especially Bitcoin (BTC) and Solana (SOL). Two companies, SOL Strategies and DeFi Development Corporation, don buy plenty SOL, wey show say people get more trust for Solana blockchain because e fast and get plenty developer wey dey work on am. DeFi Development Corporation just buy 172,670 SOL for $136.81 per coin, making all dia SOL money reach around $102.54 million, and dem get plan to buy more. Strategy (wey dem bin dey call MicroStrategy before) add 13,390 BTC for average price of $99,856, dem invest $1.34 billion even though dem loss $5.9 billion for Q1. Analysts still get good mind for Strategy, dem say di share price fit increase. Another big step for crypto acceptance na as Coinbase go enter S&P 500 on May 19. This na di first time crypto exchange go enter di index, e mean say more people and big companies don dey accept am. Since dem list am for 2021, Coinbase don expand everywhere for di world, dem even buy derivatives platform Deribit for $2.9 billion, na record be dat. Even though Coinbase shares don fall by 17% dis year, history show say when company enter S&P 500, dia price fit go up small for short time because index funds go dey interested. All dis things show say big institutions wan buy plenty BTC and SOL, and dem don dey see am as real something. For people wey dey trade crypto, dis signs fit mean say di price go dey more stable and di future for both assets good.

Bullish

As institutions just dey put money for Bitcoin and Solana, plus big companies like DeFi Development Corporation and Strategy just dey buy things, e show say dem get strong belief for these assets. As dem add Coinbase to S&P 500, e be like say na the first crypto exchange wey enter the list, e just make crypto wey dem dey see as anyhow before, come be normal tin for main financial market. Even as market just dey shake and share price just dey fall small small, history don show say when big companies and list like this happen, e normally make price go up and make things stable. For traders, this one go make dem feel good and make dem wan buy more, e show say BTC and SOL fit go up for short time and long time.