Buying Bitcoin in the Crypto Market and New Regulations
Cryptocurrency News
6 min read time
|Updated: 2026-09-08
As of September 8, the
crypto market is seeing relatively limited price movements. Bitcoin is trading at around $79,000, Ethereum near $2,500 and XRP around $1.40, while corporate Bitcoin purchases, tokenized cross-border payments and payment regulations linked to digital assets are among the day’s key developments. Capital B increased its total Bitcoin holdings to 3,521 BTC, Citi and DBS completed a weekend tokenized deposit transfer through Swift’s digital ledger, and the Philippine central bank released a new draft framework covering payment-system operator registrations and payment relationships involving VASPs.
Market Perspective: Institutional Use Is Expanding Through Different Channels
Today’s three developments show that digital assets are being used in different ways across institutional finance. Capital B continues to hold Bitcoin directly on its corporate balance sheet, while Citi and DBS are using blockchain-based infrastructure for cross-border transfers of traditional bank deposits. The Philippine proposal, meanwhile, indicates that payment activities connected to digital asset services could become subject to more detailed risk controls.
However, grouping all three developments under a single “crypto adoption” narrative could be misleading. Capital B’s Bitcoin purchase reflects the treasury strategy of an individual company, while the Swift transaction took place within a controlled institutional payment infrastructure. The Philippine framework also remains a draft and is not yet a final rule in force.
For that reason, corporate Bitcoin demand, blockchain-based payment infrastructure and
regulatory developments are better assessed as separate trends when evaluating their potential market significance.
Capital B Purchases 376 Bitcoin
French Bitcoin treasury company Capital B announced that it purchased
376 BTC for 25.3 million euros. The transaction, worth approximately $29.5 million, increased the company’s total Bitcoin holdings to 3,521 BTC and marked Capital B’s largest Bitcoin acquisition since September 2025.
According to the company, the latest purchase followed approximately 30.1 million euros in recently completed capital raises. The total acquisition cost of Capital B’s
Bitcoin holdings has now reached 309.4 million euros, with an average acquisition cost of 87,878 euros per bitcoin.
The structure shows that the purchase forms part of the company’s Bitcoin treasury strategy rather than representing a short-term market trade. Capital B is using part of the proceeds from newly raised capital to increase the amount of Bitcoin held on its balance sheet.
However, one company purchasing Bitcoin does not by itself indicate that the entire institutional market is moving in the same direction. A broader assessment of institutional Bitcoin demand requires corporate treasury activity to be considered alongside ETF flows, custody data and the actions of other publicly traded companies.
Citi and DBS Complete Weekend Tokenized Deposit Transfer Through Swift
DBS and Citi completed the first weekend tokenized US dollar deposit payment between Singapore and the United States using the Swift Digital Ledger. The transaction took place on September 5 between DBS and Citi’s New York operation and was completed within minutes.
According to DBS, traditional cross-border bank transfers can take up to two business days because of time-zone and weekend constraints, while the new infrastructure allowed the transaction to be completed outside conventional banking hours.
An important distinction here is the difference between tokenized deposits and stablecoins. The asset used in the transaction was not independent cryptocurrency or a publicly issued stablecoin. It represented a bank deposit in tokenized form on a digital ledger. Swift’s
blockchain based ledger is being developed to allow banks to move this type of tokenized value on a 24/7 basis.
Swift said in July that the ledger was ready for initial use and that 17 banks across six continents were preparing to pilot live transactions using tokenized deposits. The latest Citi-DBS transaction provides another example of how the infrastructure can be used for cross-border payments over a weekend.
However, one successful transfer does not mean that traditional cross-border payment systems have fully migrated to blockchain infrastructure. Transaction volumes, the number of participating banks and the transition from controlled pilots to broader commercial use will be more meaningful indicators of scale.
Philippines Proposes New Rules for Payment-System Registrations and VASP Transactions
The Bangko Sentral ng Pilipinas (BSP) has released a draft framework designed to strengthen risk controls in payment transactions. One of its key provisions would temporarily suspend the acceptance and processing of new
Operator of Payment System (OPS) registration applications for 12 months. The BSP plans to use the period to conduct a broader review of its OPS taxonomy and licensing framework.
It is important to distinguish this 12-month suspension from VASP licensing. This part of the proposal specifically concerns OPS registrations. For VASPs, the draft instead proposes that certain payment relationships involving licensed or authorized virtual asset service providers be handled through direct merchant arrangements.
Those relationships would be subject to enhanced due diligence, enhanced monitoring, appropriate transaction and settlement limits and additional controls based on risk. The draft explicitly includes entities engaged in regulated virtual asset services among the business categories subject to these requirements.
The proposal is not yet a final regulation. If adopted, the circular is expected to take effect 15 days after its official publication, with the 12-month OPS registration pause beginning from its effective date.
For that reason, describing the development as “the Philippines imposing a 12-month ban on crypto companies” would be inaccurate. A more precise interpretation is that the central bank is proposing a review of its payment-system licensing structure while strengthening risk controls around payment relationships involving VASPs.
CoinTR Insight
Three developments today show that blockchain and digital assets do not have a single use case within institutional finance. While Capital B uses Bitcoin directly as a balance sheet asset, Citi and DBS are testing ways to transform their payment infrastructure by tokenizing existing bank deposits. Meanwhile, regulatory efforts in the Philippines suggest that as these new models evolve, the relationships between payment institutions and digital asset service providers may be subject to more detailed scrutiny.
While Turkish lira-based market movements can be tracked via the
USDT/TRY pair on CoinTR, institutional capital flows, technological advancements in payment infrastructure, and regulatory changes are among the topics that must be evaluated separately from price data. When evaluating a reliable cryptocurrency exchange for crypto asset transactions, one should consider not only the trading pairs but also the platform’s security infrastructure, regulatory compliance, liquidity structure, and measures to protect user assets.
Forward-Looking Takeaway
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Capital B’s next treasury moves: The latest 376 BTC acquisition followed new capital raises. Future Bitcoin purchases will depend on subsequent financing decisions and official corporate treasury disclosures.
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Swift’s tokenized payment pilots: The Citi-DBS transaction demonstrated the system’s weekend payment capability. The next indicators will be whether the number of participating banks, transaction volumes and live use cases will continue to expand.
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The final Philippine framework: The BSP text remains in draft form. How the 12-month OPS registration pause and payment controls involving VASPs appear in the final framework after the feedback process will determine the regulation’s practical impact.
2026-09-08Legal Notice
The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.
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