Bitcoin's Biggest Corporate Investor Buys Another $177 Million—Boosting Holdings To $5.4 Billion Amid Massive Crypto Comeback

Bitcoin Hits First New Record High In More Than Six Months After Historic Fund Debut

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Topline

The price of bitcoin hit a fresh all-time high for the first time in more than six months Wednesday morning as investors rallied around the blockbuster debut of the first-ever bitcoin futures exchange-traded fund. 

The price of bitcoin topped $64,000 Wednesday morning.

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Key Facts

The price of bitcoin jumped more than 4% to $66,140 on Wednesday morning shortly before 10 a.m. EDT, surpassing a record high of about $64,800 set on April 14, according to crypto data website CoinGecko,

Further Reading

Historic Bitcoin Futures ETF Debuts On New York Stock Exchange (Forbes)

Bitcoin ETF Rises 4.7% In First Day Of Trading As Bitcoin Prices Approach All-Time Highs (Forbes)

Crypto Breaks $2.5 Trillion As Bulls Predict A ‘Ludicrously Strong’ Bitcoin And Ethereum Price Rally (Forbes)

This is a developing story. Please check back for updates.

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I’m a senior reporter at Forbes focusing on markets and finance. I graduated from the University of North Carolina at Chapel Hill, where I double-majored in business

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I’m a senior reporter at Forbes focusing on markets and finance. I graduated from the University of North Carolina at Chapel Hill, where I double-majored in business journalism and economics while working for UNC’s Kenan-Flagler Business School as a marketing and communications assistant. Before Forbes, I spent a summer reporting on the L.A. private sector for Los Angeles Business Journal and wrote about publicly traded North Carolina companies for NC Business News Wire. Reach out at jponciano@forbes.com. And follow me on Twitter @Jon_Ponciano

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