Bitcoin
Bank of America Broadens Crypto Offerings for Wealth Clients, Marking Institutional Shift
Bank of America has announced a significant expansion of its cryptocurrency services, allowing wealth advisers to recommend crypto allocations in client portfolios starting January 5, 2026. This move represents a pivotal moment for digital assets, enabling advisors at Bank of America Private Bank, Merrill, and Merrill Edge to suggest various crypto exchange-traded products (ETPs) without asset thresholds.
Previously, access to crypto ETFs was limited to clients meeting specific thresholds since early 2024. The new policy shifts advisors from mere executors of trades to active recommenders, aligning with the Trump administration’s push for regulatory relief in the sector. Chris Hyzy, Chief Investment Officer for Merrill and Bank of America Private Bank, advised, “For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate.”
The decision highlights the growing institutional adoption of crypto, as investors prefer ETFs for liquidity, security, and compliance benefits over direct asset management. However, critics emphasize the asset class’s volatility and security risks. Bitcoin’s recent $18,000 drop in November marked its largest monthly loss since May 2021.
Merrill noted in a report, “The link between adoption and long-term value is real but not guaranteed, and periods of speculative excess can distort prices far above true utility.” This expansion could further mainstream crypto, but it also underscores the need for balanced risk assessment in diversified portfolios.
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The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.
Strategy, Inc. (Nasdaq: MSTR), the company led by Executive Chairman Michael Saylor, acquired an additional 250 bitcoin for approximately $21.5 million between October 5 and October 11, 2026, at an average price of $86,194 per coin (including fees and expenses). The purchase brings the firm’s total holdings to 848,250 BTC.
The company funded the acquisition primarily through net proceeds of about $21 million from at-the-market sales of 125,183 shares of its Class A common stock (MSTR), with the remaining roughly $0.5 million drawn from its USD cash balance. No preferred stock was sold during the period. Strategy’s cumulative bitcoin investment now stands at roughly $64 billion, acquired at an average cost basis of approximately $75,444 per coin. At recent market prices, the holdings represent more than 4% of Bitcoin’s fixed 21 million supply cap and carry substantial unrealized gains.
In the same weekly update, Strategy reported repurchasing 1,932,145 shares of its STRC preferred stock (Variable Rate Series A Perpetual Stretch Preferred Stock) for an aggregate of about $192.4 million. The company maintains a large USD reserve—previously reported near $4.88–$5.5 billion—to support preferred stock dividends and interest payments on outstanding debt. Additional cash balances remain available for treasury activities, including further bitcoin purchases.
Saylor highlighted the latest acquisition on X with the familiar phrase “There’s always room for more orange,” continuing his long-running pattern of signaling accumulation. Strategy remains the largest publicly traded corporate holder of bitcoin. The move occurred against a backdrop of elevated volatility, with bitcoin trading in the roughly $81,000–$84,000 range around October 12 after earlier strength above $84,000.
The latest purchase marks continued, if more modest, weekly accumulation following larger buys in prior weeks. Strategy has paired ongoing bitcoin treasury expansion with active capital management, including preferred-stock repurchases, while relying on equity issuance and existing cash reserves to fund purchases.
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