Everything web3, crypto, defi, degen
In brief DeFi Development Corp. bought another 110,000 SOL for around $18 million. The firm now holds more than 1.23 million SOL, all acquired since starting its treasury strategy in April. Shares jumped 10% on Monday, extending its year-to-date gains to more than 2,100%. Publicly traded real estate software firm DeFi Development Corp. bolstered its…
In brief Bitcoin miner BitMine Immersion now holds $3 billion in Ethereum. The miner is now accumulating ETH and is the third largest public crypto treasury. BitMine Chairman and permabull Tom Lee believes Ethereum is a Wall Street favorite. Bitcoin miner BitMine Immersion now has over $3 billion in Ethereum as the company races to…
In brief MicroStrategy aims for largest corporate treasury ever, Bitcoin or otherwise, by targeting 3-7% of total Bitcoin supply, with plans to raise $4.2 billion more through preferred stock offerings. Metaplanet launches massive $3.7 billion Bitcoin buying spree to reach 210,000 BTC by 2027. Coinbase’s Q2 earnings miss shows shifting crypto dynamics as revenue fell…
In brief Strategy’s co-founder Michael Saylor said the company could own 7% of the total Bitcoin supply in the future. The company now holds over 3% of the current supply, valued at $72 billion. Strategy first bought Bitcoin in 2020, kick-starting the now-popular crypto treasury model. Bitcoin treasury company Strategy’s co-founder Michael Saylor said on…
In brief Michael Saylor is marketing Strategy’s Bitcoin-backed preferred stock STRC to retirees, offering 9.5% yields versus 0.1-4% from traditional savings accounts. Strategy reported $10 billion quarterly profits as Bitcoin surged from $77,000 to $111,000, with the company now holding 628,800 Bitcoin worth $74 billion. The preferred securities are backed by collateral covering 120 years…
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…
