Crypto Biz: Wealthy investors are buying crypto, but their advisers aren’t sold
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
A new CoinShares survey shows a majority of affluent investors in seven major economies already hold crypto, with many planning to increase their exposure in 2026. Despite this, about 40% of respondents said their financial advisers are overly cautious about digital assets. Meanwhile, OKX extended its funding round at a $25 billion valuation, and Strategy invested significantly more in its preferred stock buybacks than in Bitcoin purchases.
Why it matters
The survey indicates growing crypto adoption among wealthy investors even as adviser sentiment lags behind, signaling a potential shift in investment patterns. The OKX funding and its move into tokenized stock trading under SEC regulation suggest further integration of crypto firms with traditional finance. Strategy’s capital allocation choices highlight evolving corporate approaches to managing crypto and equity holdings.
Key context
Affluent investor crypto ownership varies by country, from 54% in Sweden to about 70% in the US, UK, Germany, and Switzerland. Crypto accounts for roughly 10% of their portfolios on average according to the survey, although some experts like Ric Edelman suggest actual allocations might be lower. Bitcoin’s recent rally is challenged by high Treasury yields above 5%, but some see value in crypto as a inflation hedge regardless of interest rates. Strategy’s Bitcoin accumulation slowed in Q3, while preferred stock (STRC) has recovered in value.
Key numbers and entities
The survey covered 2,230 investors with at least $500,000 in investable assets in the US, UK, France, Germany, Italy, Sweden, and Switzerland. OKX is valued at $25 billion, extending a funding round that raised $200 million previously. Strategy spent $176.3 million repurchasing 1.77 million STRC shares versus $28.7 million on 334 Bitcoin. Strategy now holds 848,000 BTC. Shareholders will vote on daily dividend payments for several Strategy securities on October 28.
What remains unclear
The exact amount OKX raised in the latest funding extension is undisclosed. It is also uncertain how financial advisers’ cautious stance might affect future investor behavior or advisor recommendations. Details about the timing and impact of OKX’s proposed tokenized stock trading platform launch remain pending regulatory approval.