Tag: Treasury

Carpool and Ride Sharing Company Ryde Adopts Crypto Treasury Model

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Ryde Group, a Singapore-based ride-sharing and carpool platform, similar to Uber or Lyft, said Wednesday that it has adopted a crypto treasury strategy for its corporate reserve. The company said it will invest a portion of its corporate reserves into Bitcoin (BTC), Ether (ETH), and Sol (SOL), with specific allocations and time of purchase to be determined by a governance team at Ryde, according to its announcement. Ryde cited the “evolving macroeconomic environment” as the reason for adopting a crypto treasury, and said that the option to invest portions of…

XRP treasury Evernorth files with SEC to advance Nasdaq listing plan

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Evernorth Holdings, backed by Ripple executives, is advancing its plan to become the largest public XRP treasury on Nasdaq. The company on Wednesday filed a registration statement with the SEC in connection with its proposed merger with Nasdaq-listed SPAC Armada Acquisition Corp. II., a blank-check company sponsored by Arrington XRP Capital. Evernorth aims to create a publicly traded company to provide investors with regulated exposure to XRP through active treasury management strategies, including lending, decentralized finance participation, and liquidity provisioning. The company has raised over $1 billion in gross proceeds…

BitGo Partners with StableX to Support $100M Crypto Treasury Plan

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BitGo will provide custody and trading services for StableX Technologies’ digital asset treasury as it plans to acquire up to $100 million in crypto tokens tied to the stablecoin sector. According to Tuesday’s announcement, BitGo Trust Company will serve as the custodian for StableX’s digital asset holdings, while BitGo’s trading platforms will help execute the company’s planned acquisitions through its over-the-counter liquidity desk. StableX (SBLX) is a publicly traded company focused on stablecoin infrastructure and related technologies. Shares of the Nasdaq-listed company gained as much as 9% in afternoon trading…

Canaan Boosts Bitcoin, Ether Treasury as Miners Sell BTC

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Bitcoin mining company Canaan increased its digital asset holdings to record levels in February, signaling a long-term accumulation strategy despite challenging market conditions for miners. In its February unaudited mining update issued Tuesday, Canaan said it produced 86 Bitcoin (BTC) during the month, bringing its total holdings to 1,793 BTC, a new record for the company. Canaan’s Ether (ETH) holdings also reached a record high of 3,952 ETH, with the combined value of its digital asset treasury totaling roughly $128 million at current prices. The company’s Nasdaq-traded shares (CAN) were…

GIGA expands Bitcoin treasury to 1,252 BTC with latest purchase

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Privately held manufacturing firm GIGA has increased its Bitcoin holdings to 1,252 BTC after acquiring 38 BTC last month, the company disclosed on Monday. GIGA said the purchase supports its treasury strategy, using Bitcoin as a long-term reserve asset to enhance financial resilience. The firm made its first BTC purchase last July, acquiring 1,129 coins. With Bitcoin trading at $70,654 at press time, GIGA’s stash is now valued at around $88 million. This positions the firm as the eighth-largest private holder of Bitcoin, while among public and private companies combined,…

Sharplink posts $734M loss as Ethereum treasury grows to nearly 870K ETH

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Sharplink reported a $734.6 million net loss for 2025 as market volatility weighed on the value of its Ethereum holdings. The company said the loss was primarily driven by $616.2 million in unrealized losses linked to ETH price declines during the second half of 2025, along with a $140.2 million impairment related to LsETH holdings. Those were partially offset by $55.2 million in realized gains from ETH conversions and redemptions. Sharplink ended the year with $28.5 million in cash and $1.9 million in USDC, while total revenue rose to $28.1…

US Treasury report acknowledges legitimate uses for crypto mixers

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For the better part of three years, the US government treated crypto mixers like they were exclusively tools for money laundering. On March 5, the Treasury Department quietly published a 32-page report that essentially says: “Actually, some of this is fine.” The report to Congress formally acknowledges that mixing services serve legitimate purposes, including protecting personal wealth, shielding business payment details, and enabling anonymous charitable donations. It’s a remarkable pivot from an agency that, not long ago, was sanctioning mixer protocols and pursuing criminal charges against their developers. What the…

Pro-Bitcoin politician Nigel Farage buys major stake in Bitcoin treasury firm Stack BTC

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Nigel Farage, the veteran Brexit campaigner and leader of Reform UK, has taken a 6.3% stake in Stack BTC, a London-listed company focused on building a growing Bitcoin treasury while acquiring profitable businesses, according to a Monday announcement. Farage bought 4.3 million shares in a fundraising that valued Stack BTC at about £3.4 million (over $4.5 million). The investment round also brought in Blockchain.com, which will help the company develop its Bitcoin treasury strategy. Stack, chaired by former chancellor Kwasi Kwarteng, made its first BTC purchase on March 3, buying…

US Treasury Says ‘Lawful’ Crypto Users Have Valid Reasons To Use Mixers

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The Treasury’s report to the US Congress was commissioned as part of directives under the GENIUS stablecoin regulatory framework. The United States Treasury Department acknowledged the legitimate use of mixers, which obfuscate crypto transfers to preserve user privacy, in its report to Congress on “Innovative Technologies to Counter Illicit Finance Involving Digital Assets.”  “As consumers increase their use of digital assets for payments, individuals may want to use mixers to maintain more privacy in their consumer spending habits,” the report said. The Treasury report continued: “Lawful users of digital assets…

American Bitcoin reaches 6,500 BTC treasury as mining strategy expands

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American Bitcoin Corp, the publicly traded mining company backed by the Trump family, has expanded its Bitcoin treasury to 6,500 BTC. Eric Trump, co founder and chief strategy officer of the company, said the firm accumulated more than 500 Bitcoin over the past 21 days, pushing it to roughly the 17th largest corporate Bitcoin holder globally. The move reflects a broader trend among mining companies increasingly choosing to retain mined Bitcoin rather than immediately selling it to cover operating costs. At current Bitcoin prices near $71,500, the company’s holdings are…