FEATURE: 'Self-dealing, dressed up as capital deployment': Crypto treasury craze divides the industry https://t.co/aFV9pjigdd ...

Core Insights - BitMine has become the largest ETH treasury globally, with holdings exceeding $4.96 billion, marking a $2.0 billion increase from the previous week [1][2][3] - The company aims to acquire 5% of the total ETH supply and is supported by notable institutional investors including ARK's Cathie Wood and Pantera [1][2] - BitMine is now the 25th most liquid stock in the US, with an average daily trading volume of $2.2 billion [1][3] Company Overview - BitMine launched its ETH Treasury strategy on June 30th, achieving significant milestones within five weeks, ranking as the third largest crypto treasury globally, behind Microstrategy and Mara Blockchain [2] - The company focuses on long-term investment in Bitcoin and Ethereum, with operations in low-cost energy regions [4] - BitMine's business lines include Bitcoin mining, synthetic Bitcoin mining, and advisory services for companies interested in Bitcoin revenues [4]

Market Overview - Crypto treasury firms' cumulative market caps soared to $160 billion [1] Investment Trends - Investors are seeking equity exposure in crypto treasury firms [1]

Crypto Treasury Strategy - The industry acknowledges the emergence of another crypto treasury company, but notes its unique approach [1] - Most crypto treasury strategies focus on Bitcoin or Ether, while this one tracks BNB, a smaller altcoin linked to the Binance exchange [2] - Binance's co-founder Changpeng Zhao's family is reportedly involved in this effort [2] Company Analysis (CEA Industries) - CEA Industries (ticker Vape) is currently down approximately 29% [3] - CEA Industries engages in vertical farming greenhouses, commercial cultivation facilities, and sells vaping equipment to Canadians [3] - Y, Z Labs, Zhao's family office, is behind the B Treasury strategy, which will be attached to CEA Industries [4] Market Comparison - It's not uncommon for companies to venture into crypto strategies from unrelated fields [4] - MicroStrategy, now a major Bitcoin holder, had no prior crypto involvement [5]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive has a strong focus on technology adoption, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Crypto treasury companies = upcoming expensive lesson.Arthur (@Arthur_0x):One of the worst things about CT is that we always forget the collective expensive lessons learned one or two cycles ago and repeat them again and again. ...

Core Insights - Everything Blockchain Inc. (EBZT) announced a strategic plan to invest $10 million into five rapidly growing blockchain networks: Solana, XRP, Sui, Bittensor, and Hyperliquid, aiming to capitalize on the anticipated institutional interest in cryptocurrencies [1][5] - EBZT positions itself as the first U.S. public equity to implement a multi-token staking treasury, providing retail investors with access to top crypto assets before significant institutional investment occurs [2][8] - The company aims to generate approximately $1 million in annual staking rewards post-deployment, with plans to distribute a portion of these rewards as dividends to shareholders, marking a potential first in the public markets for crypto dividends [4][8] Investment Highlights - EBZT offers a unique entry point into a professionally managed crypto public treasury ahead of a potential surge in institutional investment in blockchain [6][8] - The company is pursuing a Nasdaq uplisting to attract institutional capital and solidify its position in the crypto treasury space before competitors enter [5][8] - The current annual crypto staking market is valued at $36 billion, presenting a significant first-mover opportunity for EBZT [5]