Bitcoin Briefly Climbs to $70.6K as Nasdaq Teams with Kraken on Tokenized Stocks; Strategy Allocates $1.28B to BTC

Bitcoin briefly climbed to $70,600 as Nasdaq announced a partnership with Kraken focused on tokenized stocks. Separately, Strategy disclosed a $1.28 billion allocation to Bitcoin. The developments combined a new institutional BTC position with an initiative around tokenized equity products tied to Nasdaq and Kraken.