Block Seeks OCC Bank Charter for Bitcoin Custody
Block Inc has filed for a national bank charter to custody Bitcoin (BTC) under the leadership of Jack Dorsey, further expanding institutional infrastructure for digital assets.
The move comes as Bitcoin trades at $94,986 with a bullish structure above the EMA50 at $97,977. The EMA200 at $73,978 anchors deeper support and reinforces momentum even as the RSI sits neutral at 54.01 inside the Bollinger band.
Block Inc's filing for a bank charter is seen as an advancement in institutional infrastructure for digital assets, with the company looking to provide custody services for Bitcoin.