2026-02-04 Wednesday

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Finally, Aave Founder Also Buys a $30 Million Mansion

Aave founder Stani Kulechov has purchased a $30 million Victorian-style mansion in London's Notting Hill, as crypto wealth increasingly flows into real estate. The deal, completed in November 2025 amid Bitcoin's surge past $120,000, reflects a broader trend of crypto entrepreneurs diversifying digital gains into tangible assets during market peaks. Other notable transactions include Block.one CEO Brendan Blumer’s $170 million Italian villa, Coinbase CEO Brian Armstrong’s $133 million Los Angeles property, and multiple high-profile acquisitions by Stake.com founders and NFT collectors. Some purchases, like FTX’s Sam Bankman-Fried’s $240 million property spree, were later exposed as misappropriated funds. The shift isn’t limited to real estate. Tether, issuer of USDT, has accumulated approximately 140 tons of physical gold—worth about $24 billion—making it one of the largest non-governmental gold holders globally. The company continues buying 1-2 tons weekly, backing its gold-pegged token XAUT and signaling a strategic move toward stable, physical reserves. According to Sotheby’s 2026 Luxury Outlook Report, cryptocurrency is increasingly influencing luxury purchases in markets like Dubai, New York, and California. Regulatory developments may soon allow crypto assets to qualify for mortgage collateral, further integrating digital wealth into traditional finance. This trend underscores a lasting convergence between crypto wealth and conventional asset classes.

marsbit11m ago

Finally, Aave Founder Also Buys a $30 Million Mansion

marsbit11m ago

GameStop Exits, Saylor Still Buying

GameStop, led by CEO Ryan Cohen, has reportedly moved its entire Bitcoin holdings of approximately 4,710 BTC (worth around $450 million) to Coinbase Prime, signaling an intent to sell. This decision comes less than a year after the company initially invested $513 million in Bitcoin, averaging a cost of about $108,917 per coin. Cohen publicly stated that he now sees a more attractive strategy than Bitcoin, focusing on transforming GameStop into an investment holding platform akin to Berkshire Hathaway. This move contrasts sharply with the approach of Michael Saylor and MicroStrategy, who have continued to aggressively accumulate Bitcoin despite market downturns. While GameStop’s investment represented only about 10.4% of its cash reserves, MicroStrategy has heavily leveraged its balance sheet to buy Bitcoin, reflecting a deeper conviction in the asset. The divergence highlights a broader trend: corporate Bitcoin treasury strategies, which thrived during bull markets, are now under pressure as prices fall. Some companies may exit entirely, while others, like MicroStrategy, double down. The market is likely to see consolidation, evolution in financial strategies around Bitcoin, and a potential downgrade in Bitcoin’s narrative from a revolutionary asset to a high-volatility alternative. GameStop’s exit may become a footnote in the larger story of corporate Bitcoin adoption, underscoring the difference between short-term speculation and long-term belief.

marsbit41m ago

GameStop Exits, Saylor Still Buying

marsbit41m ago

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