Crypto Biz: Wealthy investors are buying crypto, but their advisers aren’t sold

What happened: A CoinShares survey found most wealthy investors in seven major economies own crypto, while OKX raised funds at a $25 billion valuation and Strategy shifted capital toward STRC buybacks over Bitcoin. Key numbers: Survey covered 2,230 investors with at least $500,000 in investable assets. Why it matters: About four in 10 advised respondents in Switzerland, France, the US and Germany called their advisers overly cautious on digital assets. Ric Edelman disputed the 10% average allocation finding, saying 2% to 5% is more common.

A CoinShares survey found most wealthy investors in seven major economies own crypto, while OKX raised funds at a $25 billion valuation and Strategy shifted capital toward STRC buybacks over Bitcoin.

About four in 10 advised respondents in Switzerland, France, the US and Germany called their advisers overly cautious on digital assets. Ric Edelman disputed the 10% average allocation finding, saying 2% to 5% is more common.