treasury

Bitmine Finalizes $250 Million Private Placement to Bolster Ethereum Treasury

Bitmine Finalizes $250 Million Private Placement to Bolster Ethereum Treasury

Bitmine, led by CEO Jonathan Bates, recently completed the first close on a $250 million private placement. With this strategic move, Bitmine aims to realize a massive increase in Ethereum (ETH) holdings. It's also intended to make the company the largest publicly traded ETH holder. The private placement, finalized on...

Bitmine Bets Big: $250M Ethereum Treasury Reserve Announced

Bitmine Bets Big: $250M Ethereum Treasury Reserve Announced

They’re issuing a new PE round of $250 million to start an Ethereum (ETH) treasury strategy. This momentous decision is championed by Tom Lee, newly appointed Chairman of the Board of Directors and co-founder of Fundstrat Global Advisors. It would be a significant change in the company’s direction and it...

Ethereum Faces Bearish Pressure Amidst Miner's Treasury Shift

Ethereum Faces Bearish Pressure Amidst Miner's Treasury Shift

Ethereum (ETH) is still treading through a somewhat shaky ground, seeing a 1% drop in the last 24 hours. This downturn coincides with Bitcoin (BTC) miner Bit Digital's (BTBT) recent announcement of a strategic pivot toward Ethereum staking and treasury management. Market forces are changing, and the charts tell the...

DiamondLake's Altcoin Treasury A Regulatory Minefield?

DiamondLake's Altcoin Treasury A Regulatory Minefield?

DiamondLake, previously Diamond Lake Minerals, is on the cusp of a very interesting, and possibly hazardous, expedition. Fresh off a majority stake acquisition by Unicoin, they're diving headfirst into building a treasury of emerging altcoins, mirroring MicroStrategy's famous (or infamous, depending on your perspective) Bitcoin accumulation strategy. Unicoin's CEO, Alex...

Bitcoin Treasuries: A New Dawn for Crypto or Just Another Wall Street Game?

Bitcoin Treasuries: A New Dawn for Crypto or Just Another Wall Street Game?

Adam Back calls it the "new altseason." I call it… complicated. The surge in public companies loading up on Bitcoin raises a critical question: Is this the dawn of hyperbitcoinization, a future where Bitcoin reigns supreme? Are we just letting Wall Street turn the old game into a new one?...

Bitcoin Treasury Trend Sparks Speculation Among Crypto Investors

Bitcoin Treasury Trend Sparks Speculation Among Crypto Investors

Bitcoin treasury adoption by public companies has been the new altcoin season for cryptocurrency speculators, Adam Back said. Back, co-founder and CEO of blockchain tech firm Blockstream, is the inventor of Hashcash. His premise is that firms focused on Bitcoin specifically can make up the losses incurred from holding altcoins....

SharpLink Gaming Invests $463 Million in Ethereum for Treasury Reserve

SharpLink Gaming Invests $463 Million in Ethereum for Treasury Reserve

SharpLink Gaming, Inc. (Nasdaq: SBET), a Minneapolis-based company, has made a significant move into the digital asset space by acquiring 176,270.69 ETH for an aggregate purchase price of $462,947,816. SharpLink really gets strategic acquisition at approximately $2,626 per ETH. With this step, the company becomes one of the earliest Nasdaq-listed...

SharpLink Gaming's Stock Plummets Amid Ether Treasury Strategy

SharpLink Gaming's Stock Plummets Amid Ether Treasury Strategy

SharpLink Gaming (SBET) got shellacked, losing a whopping 70% in after-hours trading Thursday. The New Jersey-based, Nasdaq-listed company’s stock market decline came on the heels of an SEC filing recently submitted to the U.S. Securities and Exchange Commission (SEC).The filing, an S-3ASR registration statement, will make available for resale up...