Wells Fargo Doubles Down on Bitcoin Investments, Boosting Exposure by $134 Million

Financial giant Wells Fargo significantly increased its Bitcoin holdings in the second quarter of 2025, going from a modest $26 million to a substantial $160 million. This move reflects a broader trend of financial institutions taking a more active role in the cryptocurrency market. The bank’s decision could be attributed to several factors: The increased acceptance of Bitcoin as an asset class, fueled by the U.S.’ approval of spot Bitcoin ETFs earlier this year, and the continued rise of Bitcoin prices has prompted many institutions to adjust their portfolios for potential gains. 2025 marks a significant step in institutionalization of cryptocurrencies.