Insurance giant's first tranche of $20 million, State Street launches treasury custody, Iris achieves full retention

Mars Finance reports that, according to BBX data, yesterday’s global listed companies sent strong fundamental signals regarding “traditional finance entering the market” and “small- and mid-cap dollar-cost averaging investing”:
$20 million in insurance capital entered the market: Corebridge Financial (NYSE: $CRBG) announced yesterday that its board of directors has approved a $20 million Bitcoin allocation plan. As one of the largest retirement and life insurance providers in the United States, this move indicates that risk-averse “insurance funds” are beginning to include BTC in their long-term reserves.
100% monthly retention: Iris Energy (NASDAQ: $IREN) released its unaudited production report for March yesterday, confirming that its 450 BTC produced in a single month has been fully transferred to cold wallets, officially joining the “zero-sell mining companies” club.
5% cash flow conversion: Beyond Inc. (NYSE: $BYON) (formerly Overstock) updated its corporate treasury policy yesterday, announcing that going forward, it will convert 5% of free cash flow at the end of each quarter into Bitcoin, reviving its strategy of holding hard assets as an early crypto payments evangelist in North America.
Bond issuance for purchases: Cathedra Bitcoin (TSX-V: $CBIT) announced yesterday that it completed a $4 million priority secured bond issuance; the funds raised were entirely used during trading hours yesterday to buy 50 BTC at market price.
A century-old firm launches custody services: State Street (NYSE: $STT) officially launched yesterday an enterprise-grade digital asset custody vault (Digital Vault) for companies listed on Nasdaq and NYSE. With this compliant infrastructure in place, it has directly cleared audit barriers for hundreds of conservative enterprises to purchase cryptocurrencies.