Corebridge approves $20M Bitcoin allocation; State Street rolls out Digital Vault for listed firms

ChainCatcher, citing BBX data, said publicly traded companies worldwide delivered fresh signals on institutional adoption of Bitcoin and steady accumulation among small- and mid-cap names. Corebridge Financial (NYSE: $CRBG) disclosed that its board has approved a $20 million allocation to Bitcoin. As one of the largest U.S. retirement and life insurers, the decision highlights a shift as traditionally risk-averse institutions begin adding BTC to long-term reserve assets. Iris Energy (NASDAQ: $IREN) published an unaudited March production update, reporting it produced 450 BTC during the month and transferred all of it to cold storage, joining the group of miners that do not sell newly mined Bitcoin. Beyond Inc. (NYSE: $BYON), formerly Overstock, updated its corporate treasury policy and said it will permanently allocate 5% of quarterly free cash flow to Bitcoin. The company framed the move as a continuation of its hard-asset strategy after being an early North American proponent of crypto payments. Cathedra Bitcoin (TSXV: $CBIT) said it completed a $4 million senior secured bond offering and will use all proceeds during trading hours to buy 50 BTC at market prices. State Street (NYSE: $STT) officially launched its enterprise-grade digital asset custody offering, Digital Vault, for companies listed on Nasdaq and the NYSE. The compliant custody infrastructure is positioned to reduce audit friction for conservative corporates looking to acquire Bitcoin.