Tag: Million

Tom Lee’s BitMine reports $13.2 billion in crypto and cash as ETH stack tops 3.5 million tokens

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Key Takeaways BitMine claims to hold $13.2 billion in assets, focusing on building a large crypto treasury. The company is actively acquiring a large share of Ethereum (ETH) supply, primarily through OTC (over-the-counter) purchases to avoid market disruption. Share this article BitMine, a publicly traded firm focused on building a substantial Ethereum treasury, claims to hold $13.2 billion in crypto, cash holdings, and a stake in Eightco Holdings. The company added 110,288 ETH over the past week, bringing its total holdings to 3.5 million tokens. BitMine has been acquiring Ethereum…

Evernorth’s XRP stake sheds $95 million amid market weakness

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Key Takeaways Evernorth’s XRP holdings declined by $95 million in value over 2.5 weeks. The firm’s initial purchase of 389 million XRP now shows an unrealized loss amid market weakness. Share this article Evernorth Holdings, an XRP-centric treasury entity with strong connections to Ripple executives, has seen nearly $100 million wiped off the value of its XRP portfolio since the firm began accumulating the digital asset in late October. According to CryptoQuant’s analysis, the Ripple-backed firm purchased around 389 million XRP for roughly $947 million. With XRP trading at over…

Strategy upsizes euro STRE stock offering to $717 million to buy more Bitcoin

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Key Takeaways Strategy increased its Stream perpetual preferred stock offering to €620 million. Proceeds from the offering will support general corporate purposes, including the acquisition of Bitcoin. Share this article Strategy, a Nasdaq-listed company focused on leveraging financial instruments to expand its Bitcoin holdings, has upsized its Stream perpetual preferred stock (STRE) offering to €620 million, equivalent to around $717 million. The euro-denominated preferred stock instrument supports Strategy’s corporate operations and crypto acquisitions. The company recently announced plans to allocate proceeds from this offering toward general corporate purposes, including Bitcoin…

Kazakhstan to create $500 million to $1 billion national crypto reserve fund

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Key Takeaways Kazakhstan plans to create a national crypto reserve fund valued between $500 million and $1 billion. The fund will invest in crypto ETFs and crypto-related companies for exposure to digital assets, such as Bitcoin. Share this article Kazakhstan plans to establish a national crypto reserve fund valued between $500 million and $1 billion, Bloomberg reported today. The Central Asian nation aims to diversify its economy beyond oil dependence through strategic digital asset investments. The reserve fund will target ETFs and crypto-related companies to gain exposure to digital assets…

Cathie Wood lowers Bitcoin forecast to $1.2 million by 2030 amid stablecoin rise

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Key Takeaways Cathie Wood scales back her bullish Bitcoin forecast, trimming Ark Invest’s top-end target to $1.2 million by 2030. The revision comes amid the explosive growth of stablecoins. Share this article Cathie Wood, CEO of ARK Invest, has revised her Bitcoin forecast, lowering the 2030 bull case from $1.5 million to $1.2 million. Speaking on CNBC, she said the surge of stablecoins, which now serve as key payment rails in emerging markets, is taking over some of Bitcoin’s intended use cases. Wood continues to view Bitcoin as a strong…

Justin Sun stakes over $150 million in Ethereum

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Key Takeaways Justin Sun staked $154.5 million worth of Ethereum on the Lido protocol. Sun’s Ethereum holdings now surpass his TRX holdings according to blockchain analytics. Share this article Tron founder Justin Sun withdrew around 45,000 Ethereum worth over $154 million from decentralized lending platform AAVE and deposited the tokens to Lido Staking on Wednesday, according to data tracked by blockchain analytics firm Arkham Intelligence. The crypto entrepreneur has $534 million of Ethereum in his public wallets, exceeding his holdings of TRX at $519 million. The move represents one of…

CMT Digital lands $136 million for latest crypto venture fund despite VC slowdown

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Key Takeaways CMT Digital, a venture capital firm, raised $136 million for its fourth fund focused on blockchain and web3. The firm’s latest fund targets early-stage investments that help accelerate blockchain adoption, particularly in emerging web3 sectors. Share this article CMT Digital, a venture capital firm focusing on early-stage blockchain investments, secured $136 million for its fourth fund, according to Fortune. The fundraising comes amid a tough market for VCs. The firm plans to continue supporting startups that challenge traditional financial institutions while remaining open to emerging categories in the…

Ripple secures $500 million investment led by Fortress and Citadel Securities at $40 billion valuation

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Key Takeaways Ripple secures $500 million investment to expand its services. Fortress and Citadel Securities lead the funding round. Share this article Ripple, a US-based blockchain firm expanding its institutional custody and wallet services through strategic acquisitions, secured a $500 million investment at a $40 billion, backed by top-tier institutional investors including funds affiliated with Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. Fortress, a crypto custody provider previously involved in blockchain infrastructure deals, partnered with Citadel Securities, a major market maker, to lead…

HyperUnit Opens $55 Million Long Position in Bitcoin, Ether

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The crypto whale that made $200 million from the US-China tariff-led crypto crash last month is now betting $55 million that Bitcoin and Ethereum will rise again.  Crypto analytics platform Arkham was one of the first to identify the whale’s new long positions in an X post on Monday, which comprises a $37 million Bitcoin long position and an $18 million Ether long position on the decentralized derivatives exchange Hyperliquid. Referred to as the “Hyperunit whale,” the trader became recently famous for making $200 million by successfully predicting the US-China…

SEGG Media plans $300 million digital asset initiative, with initial emphasis on Bitcoin

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Key Takeaways SEGG Media, a public company, plans a $300 million digital asset initiative, with an initial emphasis on Bitcoin. This reflects a broader trend of corporate adoption of Bitcoin as a treasury reserve asset. Share this article SEGG Media, a publicly traded company, plans to establish a $300 million digital asset initiative and allocate 80% of the capital to a multi-asset crypto treasury. Bitcoin will serve as the treasury’s initial focus, providing a foundation of stability, while additional assets such as Ethereum (ETH), Solana (SOL), and ZIGChain (ZIG) will…