Everything web3, crypto, defi, degen
In brief Strategy reported a second-quarter profit of $10 billion. Its Bitcoin holdings increased 20% to 597,000 BTC in Q2. The company spent another $2.5 billion on Bitcoin recently. Strategy, formerly known as MicroStrategy, reported a record profit of $10 billion on Thursday after its Bitcoin holdings rebounded in value during the second quarter.The Tysons…
In brief Ethereum topped $3,900, its first time above that level since December, before retreating. Bernstein analysts said that Ethereum treasuries would have to weigh liquidity risks. The ETH treasuries have followed a general model pioneered by Bitcoin pioneers like Strategy. Ethereum treasuries are treating the asset differently than their Bitcoin-focused counterparts, generating staking rewards…
In brief American Bitcoin miner MARA has closed an upsized private offering to buy BTC. MARA is the second biggest corporate holder of Bitcoin. The company has said it will adopt a “HODL” strategy—and never sell. Bitcoin miner MARA has closed an upsized $950 million private offering to buy more of the leading cryptocurrency. The Nasdaq-listed…
Software firm turned Bitcoin treasury company Strategy has been buying Bitcoin for more than five years, pioneering the growing trend of publicly traded firms that are adding cryptocurrencies to their balance sheets.What started as a way to “maximize long-term value for shareholders” has transformed into an industry-shifting paradigm that has been further fueled by greater…
In brief Nasdaq-listed Mill City Ventures III is the latest company to start a crypto treasury. The financial firm will buy SUI. Increasingly more publicly traded companies are buying altcoins. Bitcoin treasury firm Strategy started the trend but now companies are diving into other cryptocurrencies to put on their balance sheets—with the latest being SUI. Nasdaq-listed…
In brief Shares of CEA Industries (VAPE) are up more than 700% after it announced it will start a BNB treasury. The firm is raising $500 million via a PIPE, with the potential for $1.25 billion in funds for BNB purchases. BNB, the cryptocurrency launched by Binance, set a new all-time high price earlier Monday.…
In brief BlackRock’s Ethereum ETF (ETHA) became the third-fastest ETF to reach $10 billion in assets, achieving the milestone in 251 days despite initial lukewarm reception compared to Bitcoin ETFs. MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to buy more Bitcoin while facing class-action lawsuits over previous stock offering…
In brief Nasdaq-listed Windtree Therapeutics has said it will buy up to $700 million in BNB. The company is following software firm Strategy’s gameplan of buying digital assets. A number of publicly traded companies are now buying crypto—and not just Bitcoin—to boost their stock prices. Another day, another crypto treasury. Biotech firm Windtree Therapeutics said…
In brief Galaxy CEO Mike Novogratz said that Ethereum could do better than Bitcoin over the next three to six months. Institutions buying the second-biggest cryptocurrency will help propel its rise, he said. ETH remains well below its all-time high mark from 2021, while Bitcoin just recently hit another fresh peak. Crypto entrepreneur and billionaire…
In brief Ethereum has significantly outpaced Bitcoin in recent months, with a 67% gain against Bitcoin’s 18% in the last month alone. The gap between Ethereum and Bitcoin ETF inflows is converging, dropping from 45 times to just 1.6 in the past four months. Analysts anticipate Ethereum soaring past $8,000, driven by institutional adoption, regulatory…
