SoFi Technologies stock price breaks above $32 to hit a new high! Approved by the US OCC, becoming the first Bitcoin-chartered bank in the United States.

U.S. stock fintech company SoFi Technologies surged past $32 during today’s trading session, reaching a high of $32.54, marking a new all-time high since its listing. The stock increased by 3% during the day, with a total market capitalization of approximately $38.7 billion. (Background: Western Union announced the adoption of Solana as its stablecoin blockchain, issuing USDPT as the main circulating token.) (Additional context: The first digital bank in the U.S., SoFi, integrates Bitcoin Lightning Network: enabling instant cross-border remittances with low fees.) According to Google Finance data, SoFi Technologies (NASDAQ: SOFI) broke the $32 mark today, reaching a peak of $32.54, setting a new record since its IPO. The stock rose by 3% during trading, with a current market cap of about $38.7 billion.

What is SoFi?
Founded in 2011 with student loan refinancing, SoFi has successfully transformed into one of the largest digital-native banks in the U.S., with over 10 million members and deposits exceeding $25 billion.

The recent stock price surge is attributed not only to its impressive third-quarter financial results but also to the U.S. Office of the Comptroller of the Currency (OCC) approving SoFi yesterday (11th), making it the first nationwide chartered bank in the U.S. to offer direct Bitcoin and cryptocurrency trading. This move officially removes the “fintech startup” label, positioning SoFi as a digital financial giant on par with traditional banks.

Analysts are also optimistic about SoFi’s strategic advantage in entering the crypto market. Goldman Sachs’ latest report rates the stock a “Buy,” with a target price raised to $40.

Related Reports:

• Russian crypto scam couple tragically dies in UAE after being kidnapped and dismembered following a fraudulent investment conference.
• Western Union adopts Solana as its stablecoin blockchain, issuing USDPT as the primary circulating token.
• Bitcoin Lightning Network meets Breez, Lightspark, Tether, and Plan ₿, promoting “Time2Build” to connect developers and mainstream applications.

【SoFi Technologies stock price hits $32 for a new high! Approved by the U.S. OCC, becoming the first Bitcoin chartered bank in the U.S.】

This article was originally published by BlockTempo, a leading blockchain news media outlet.