Topic
treasury companies
30 stories
Buterin Drops the 'Ultrasound Money' Pitch for 'Store of Value' — and a $13.6B ETH Treasury Calls It Vindication
Vitalik Buterin says ETH should be valued as a store of value rather than a fee-burning token, and Tom Lee's Bitmine seized on the shift to justify buying another $20 million in ether, lifting its stash to 4.97% of supply.
Sharplink's $751M Quarter Is Mostly a Mark-to-Market Mirage
Ethereum treasury firm Sharplink reported $751.4 million in Q3 2026 net income, but nearly all of it — $676.7 million — was unrealized paper gains on its ether, as the stock trades down 36% for the year.
Strategy bought $82M of bitcoin last week — and spent $188M buying back its own preferred stock to do it
Strategy bought 1,036 bitcoin for $81.9 million between Nov. 2 and 8, but spent more than twice that — $188.3 million — buying back its own preferred stock, funding both by selling $283.8 million of common shares days before an MSCI index decision that could remove it.
Bitmine's ether pile hits 6.06 million ETH as Tom Lee spins the Binance hack as a non-event
Bitmine said it bought 8,573 ETH last week, lifting its ether treasury to about 6.06 million tokens, as chairman Tom Lee called the market's response to the $6.3 billion Binance hack "constructive.
Strategy Stops Buying Bitcoin, Buys Back Its Own Preferred Stock Instead
Strategy halted a five-week bitcoin buying streak and instead spent $204.9 million buying back STRC preferred shares, as an MSCI rule change threatens its index membership and its stock fell 6.9% for the week.
MSCI Finalizes Rule That Could Push Strategy Out of Its Indexes; Company Discloses $22M Bitcoin Buy, $193M STRC Buyback
MSCI finalized rules that could eject Michael Saylor's Strategy and other bitcoin treasury firms from its equity indexes, as the company disclosed a $22 million bitcoin buy and a $193 million buyback of its STRC preferred stock.
Strive adds $235M in bitcoin, banks $369M from warrants, and lines up a 15% preferred stock raise
Bitcoin treasury firm Strive disclosed buying 2,822 BTC for $235 million and raising $369 million from warrant exercises, lifting holdings to 35,595 BTC and proposing a 15% preferred stock sale to buy more.
Evernorth names Ripple, Kraken, Coinbase and BitGo to deploy its $648M XRP treasury
Evernorth, a newly Nasdaq-listed XRP treasury company, named Ripple, Kraken, Coinbase and BitGo as first partners to deploy its 473 million XRP, worth about $648 million, starting in Q4.
Solana treasury firm DFDV touts doubled NAV per share — on its own preliminary, unaudited numbers
DeFi Development Corp. said preliminary Q3 estimates show its net asset value per share more than doubled and its Solana treasury grew to 2.56 million SOL, all figures self-reported and unaudited.
Strategy Spends Six Times More Buying Back Its Own Stock Than Buying Bitcoin
Strategy bought 334 bitcoin for $28.7 million in early October while spending $176.3 million buying back its below-par Stretch preferred stock, and reported a $20.91 billion unrealized Q3 fair-value gain.
Metaplanet sold 10,000 bitcoin, bought back 11,000, and called it a liquidity demonstration
Metaplanet sold 10,000 bitcoin and then bought back 11,000 during the third quarter, a round trip it says was meant to prove it can sell, ending September with 44,000 BTC and a new income-chasing strategy.
Bitmine adds another $75M in ether, closing on its 5% supply goal as Tom Lee talks up a Q4 institutional rush
Bitmine bought 27,562 ETH last week, lifting its holdings to about 5.98 million ether — roughly 4.9% of supply — as chairman Tom Lee declared a crypto bull market underway and predicted an institutional buying surge in Q4.
Strategy resumes bitcoin buying with a $76 million purchase, ending a three-week pause
Strategy bought 950 bitcoin for $75.7 million last week — its first purchase since late August — lifting its holdings to 846,000 BTC, per a Monday regulatory filing.
Strive hits 25,000 BTC, funded entirely by preferred-stock sales as leverage climbs to 53.5%
Strive bought 469 bitcoin last week to reach 25,000 BTC, funding the purchase entirely with sales of its SATA perpetual preferred stock and lifting its leverage ratio to 53.5%.
Capital B taps Adam Back for €7.6M to add 376 BTC — while its existing stack sits underwater
Capital B raised €7.6 million ($8.8 million) from Blockstream's Adam Back to buy up to 376 bitcoin, a purchase that would lift its treasury to 3,521 BTC even as its existing holdings sit below cost.
Crypto treasury firms worth about $340 billion, still a third below last year's peak
The Block pegs the combined market value of crypto treasury companies at roughly $340 billion, up 10% since mid-August but still about 30% below last year's peak near $490 billion.
Solana treasury firm DeFi Development Corp. floats $20M preferred stock raise to buy more SOL
DeFi Development Corp. proposed a $20 million offering of Series C perpetual preferred stock, paying an initial 13% variable dividend, to buy more Solana and other crypto for its treasury.
Evernorth's S-4 goes effective, putting an XRP treasury vehicle on track for Nasdaq
Evernorth, an XRP treasury company backed by Ripple, said the SEC declared its S-4 effective, clearing a path to list on Nasdaq under the ticker XRPN via a SPAC merger with Armada Acquisition Corp. II.
DeFi Development Corp restarts SOL buying with a ~19,000-token purchase, funded partly by unwinding a partnership
DeFi Development Corp bought roughly 19,000 SOL at an average $98.14, lifting its treasury to about 2.33 million SOL, with part of the money coming from selling its stake in a partner it signed with less than a year ago.
Hyperliquid Strategies reports a $1.9 billion HYPE pile — and $773 million of buying since
Nasdaq-listed Hyperliquid Strategies reported raising $647 million in equity and more than doubling its HYPE holdings to 29.3 million tokens, then buying 16.5 million more for $773.4 million.
Strategy raised $2 billion selling its own stock last week — and bought no bitcoin with it
Strategy sold 18.26 million common shares for roughly $2 billion in the week to Aug. 23, put none of it into bitcoin, and parked $1.59 billion in a new "USD Cash" pool.
Strategy sold $334 million of its own stock last week and bought no bitcoin with any of it
Strategy raised $333.7 million selling MSTR common stock in the week to Aug. 16, spent all of it on preferred dividends, STRC buybacks and its dollar reserve, and bought no bitcoin.
A proposal to burn validator rewards lands as ETH staking hits 34%
Ethereum researchers including the Ethereum Foundation's Justin Drake filed EIP-8361 on Aug. 4, a proposal to burn a rising share of validator rewards that its own authors model as halving staking yield.
Metaplanet moves 3,881 BTC between its own wallets as its bitcoin stack sits 34% underwater
Metaplanet shifted 3,881 BTC — roughly $247 million — out of cold storage into new addresses it also controls on Wednesday, repeating a pattern it ran in March while sitting on a $1.4 billion paper loss.
Trump Media's crypto treasury drops $306.7 million in value as company books $360.6 million in half-year digital-asset losses
Trump Media booked a $238.1 million second-quarter net loss and $360.6 million in digital-asset losses for the first half, as its bitcoin and Cronos holdings fell to $597.7 million from $904.4 million.
Trump Media moves 2,628 BTC to Crypto.com, says it wasn't a sale
Wallets tagged to Trump Media sent 2,628 BTC worth roughly $165 million to Crypto.com on Saturday; the company says the coins were moved, not sold.
Strategy sits out bitcoin for a fifth week, raising cash and selling stock instead of stacking coins
Strategy went a fifth straight week without buying bitcoin, instead selling $544.5 million of stock to lift its cash reserve to $3.75 billion and repurchasing $25 million of its own preferred shares.
BitMine's ether pile nears 5% of all ETH as Tom Lee pins the rally on a 50/50 regulatory bet
BitMine bought about 42,197 ether for roughly $73–74 million last week, pushing its treasury to 5.74 million ETH — near 5% of all Ethereum — as chairman Tom Lee credited a coin-flip Clarity Act bet for ether's relative strength.
Avalanche Treasury Corp warns the SEC it may not last the year
Avalanche Treasury Corp warned the SEC of "substantial doubt" about its survival after its AVAX stockpile fell more than half underwater and its stock lost 93% in a month following its Nasdaq debut.
Metaplanet's bitcoin buying slows to its weakest quarter as its treasury sits about $1.5 billion underwater
Metaplanet bought 2,823 bitcoin in Q2 2026, its smallest quarter yet, lifting holdings to 43,000 BTC — a stack that cost about $4.07 billion but is worth roughly $2.6 billion at current prices.