US financial institution reveals $166M in crypto holdings: Q2 earnings report

The San Fransico-based SoFi (NASDAQ:) financial institution holds nearly $170 million in crypto on its steadiness sheet, in accordance to its second quarter (Q2) earnings report. The US financial institution, which serves over six million clients, has seen a big improve in its crypto holdings in contrast with the earlier quarter.

The financial institution holds (BTC), Ether (ETH), (LTC), (ADA), (SOL), (DOGE) and (ETC). Out of the overall $166 million of crypto investments, the financial institution holds $82 million of BTC and $55 million value of ETH. DOGE took the third spot at nearly $5 million, with ADA holdings totaling $4.5 million. An investor presentation additionally revealed that SoFi onboarded over 500,000 clients and now helps buying and selling for over 22 cryptocurrencies.

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