Wall Street’s favorite Bitcoin broker just walked away from institutional trading to chase gigawatts of power

A prominent Wall Street bitcoin broker has exited institutional trading to pursue large‑scale bitcoin mining by acquiring gigawatts of power and building mining capacity. The shift reallocates institutional capital from trading into asset‑backed operations tied directly to bitcoin issuance, signaling confidence in long‑term BTC economics and likely boosting hash rate and network security. It also risks reducing institutional trading liquidity and increasing concentration of mining power and regulatory exposure as firms vertically integrate into power markets.