Bitcoin prices were staging a fresh climb to all-time highs on Thursday as traditional Wall Street corporations waded into the crypto-asset sector.

On Thursday, The Wall Street Journal reported that Bank of New York Mellon Corp. BK, +2.06%, the U.S.’s oldest bank, said it would hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.

That report comes after Mastercard MA, +2.73% said Wednesday that it would begin allowing merchants to accept some cryptocurrencies on its network later in 2021. 

The moves, including Tesla Inc.’s TSLA, +0.30% announcement on Monday that it had invested some $1.5 billion in bitcoin BTCUSD, Source…