Institutional Bitcoin Holdings Surge as Geopolitical Tensions Cool

Markets embraced a renewed risk-on rally despite lingering global tensions, with Coinbase stock jumping 12% on major regulatory wins and institutional interest in bitcoin reaching new highs.

Markets Rally As Coinbase Scores Regulatory Wins and Bitcoin Holdings Surge

Despite Israel resuming limited military strikes post-ceasefire, global markets shifted decisively into risk-on mode. QCP’s latest insights showed that the Nasdaq 100 hit fresh record highs, while oil prices fully retraced to pre-conflict levels. In crypto, Coinbase stole the spotlight, surging 12% to $344.94 on Tuesday, June 24, its highest closing price in over 6 months.

Fueling the move were two major regulatory developments. First, the U.S. Congress passed the GENIUS Act, a long-awaited framework providing compliance clarity for stablecoins and paving the way for broader institutional engagement. Second, Coinbase secured approval under the EU’s MiCA regulation via Luxembourg, becoming the first U.S. exchange to receive pan-European crypto licensing.

Meanwhile, institutional appetite for bitcoin continues to swell. Procap, the fund led by Anthony Pompliano, made headlines with a $386 million BTC purchase. The number of corporations holding bitcoin as a treasury asset has nearly doubled this month, now totaling over 240 firms with a combined 3.45 million BTC. If this trend holds, bitcoin may soon rival gold as the go-to macro hedge.

However, geopolitical risks persist, with NATO officials sounding alarms over rising military tensions with Russia. Yet for now, markets are brushing off these concerns, pricing risk not as an exception, but as the new normal.