The post Bitcoin Drops Below $90K as National Bank of Canada Makes Surprise Crypto Move appeared first on Coinpedia Fintech News

The crypto market took a sharp breather today after weeks of strong momentum. Bitcoin slipped toward $89,605 after almost touching $100,000, while Ethereum cooled to around $3,034 and XRP dipped near $2

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Why This Matters for Traditional Finance

What makes this move stand out is the size. A quarter-billion-dollar position is not a test run; it shows a rising level of confidence in Bitcoin from one of Canada’s biggest financial players.

This type of investment also signals something broader happening in the industry. By stepping into crypto through familiar equity channels, big banks are showing that digital assets are becoming harder to ignore. It also encourages other institutions to consider similar strategies, slowly merging traditional banking frameworks with the fast-changing digital asset economy.

Community Reaction: “MicroStrategy Is Not Bitcoin”

While the move is widely seen as bullish, not everyone is convinced. Crypto analyst Sovereign Swap cautioned that MicroStrategy stock should not be mistaken for actual Bitcoin. The idea is simple: MSTR offers exposure, but it’s still a company, not the asset itself. The comment also hinted that some investors may be choosing this route because local rules or political restrictions limit their ability to buy Bitcoin directly.

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FAQs

Why are banks buying MicroStrategy stock instead of Bitcoin?

It’s easier and safer for regulated banks. They avoid crypto custody rules, wallet risks, and complex accounting while still gaining Bitcoin upside through a familiar stock.

Is investing in MicroStrategy the same as buying Bitcoin?

No. MicroStrategy is a company holding Bitcoin, so shares track stock performance, not exact Bitcoin price movements.

What does this move mean for traditional finance and crypto adoption?

Large banks investing via stocks show growing institutional interest, signaling Bitcoin is increasingly accepted in mainstream finance.

Are there risks in gaining Bitcoin exposure through MicroStrategy shares?

Yes. Stock price can be affected by company performance or market trends, not just Bitcoin value, adding an extra layer of risk.