Core Viewpoint - Michael Saylor, Strategy Executive Chairman, remains optimistic about Bitcoin's price, predicting it will reach $150,000 by the end of the year despite recent declines from its all-time high of over $126,000 [1][2]. Company Insights - Strategy has accumulated a Bitcoin treasury valued at over $71 billion, making it the largest publicly traded Bitcoin treasury and a pioneer in the digital asset treasury market [4]. - The company's stock, MSTR, closed down 3.26% at $275.36, but has seen an 11% increase over the past year, compared to Bitcoin's nearly 54% rise [5]. Industry Trends - Saylor highlights diminishing volatility and a more structured market with increased derivatives and hedging options as positive indicators for Bitcoin's future [2]. - The last 12 months are described as the best in the crypto industry's history, with significant endorsements from the White House and the SEC regarding Bitcoin and digital assets [3]. - Saylor expresses a long-term bullish outlook, suggesting Bitcoin could reach $1 million per coin in the next four to eight years and anticipates a 30% annual growth over the next 20 years, potentially leading to a $20 million Bitcoin [3].

SCARLET: LIVE FROM BLOOMBERG WORLD HEADQUARTERS NEW YORK, AND SCARLET FU. TIM: I'M TIM STENOVEC. WELCOME TO "BLOOMBERG CRYPTO" SCARLET: ETF FOCUSING ON SMALLER COINS EVEN AS THE GOVERNMENT SHUTDOWN STRETCHES TO THE 29TH DAVID TIM: WE SPEAK TO THE CEO OF SECURITIZE AS HE MAKES A DEAL TO BRING SEALERS TO THE BLOCKCHAIN.SCARLET: AND WE WILL SPEAK TO ANOTHER CEO AS THE DIGITAL ASSET TREASURY MODEL COMES UNDER PRESSURE. TIM: THAT IS AHEAD ON THE NEXT HALF-HOUR. LET'S TAKE A STEP BACK AND LOOK AT HOW BITCOIN DID ...

Core Insights - Solana Company (NASDAQ: HSDT) announced an update on its Solana (SOL) token and cash holdings, reflecting a disciplined digital asset treasury strategy aimed at maximizing SOL per share [1][2] Group 1: Holdings and Financials - As of October 29, the Company holds over 2.3 million SOL, an increase of approximately 0.1 million since the last update on October 6 [3] - The Company and its subsidiaries also hold over $15 million in cash and stablecoins, intended to support its digital asset strategy [3] Group 2: Staking Performance - For October through October 27, the average gross staking yield was 7.03% APY, outperforming the stake-weighted average of the top 10 validators by approximately 36 basis points [4] - The staking yield allows for consistent daily on-chain revenue generation while maintaining liquidity and custody of the underlying assets [4] Group 3: Strategic Insights - The Company has increased its SOL holdings by roughly 5% in less than a month, with a gross staking yield exceeding 7% [5] - Institutional engagement with Solana Company has accelerated due to key network milestones and ecosystem developments, focusing on transparency and growth [5] Group 4: Company Overview - Solana Company, in partnership with Pantera Capital and Summer Capital, serves as a dedicated vehicle for institutional participation in the Solana ecosystem, integrating capital markets access and on-chain management [6][10] - The objective is to maximize SOL per share through strategic capital allocation and long-term alignment with the Solana network's success [5][10]

Core Insights - Corporate digital asset activity has remained subdued due to recent crypto deleveraging, but capital flows are beginning to normalize as U.S.-China trade talks progress [1] - B. Riley initiated coverage of several digital asset treasury companies (DATCOs) with buy ratings, including BitMine Immersion Technologies, SharpLink Gaming, FG Nexus, Kindly MD, and Sequans Communications [1] Group 1: Market Activity - Despite market weakness, DATCOs have continued to accumulate crypto, with BitMine Immersion leading by adding approximately $300 million in ether (ETH), raising its concentration ratio to 10.6 ETH per 1,000 shares compared to the group average of 3.9x [2] - The median market net asset value (NAV) for the 25 companies tracked by B. Riley improved to 1.1x from 1.0x, while the average remained steady at 1.0x [2] Group 2: Stock Buybacks - B. Riley anticipates that firms trading below NAV will initiate stock buybacks to reduce valuation gaps, referencing ETHZilla's success in monetizing crypto holdings for share repurchases [3] - Sequans Communications is highlighted as trading at the steepest discount in the group at 0.7x NAV, with third-quarter results expected on November 4 [3] Group 3: Institutional Adoption - Solana (SOL) has launched its first spot exchange-traded funds (ETFs) in Hong Kong and the U.S., attracting $800 million in first-day inflows, reinforcing its status as a tier-one asset alongside bitcoin (BTC) and ether [4] Group 4: Company Positioning - BitMine Immersion is viewed as the best-positioned company within the DATCO coverage, while SharpLink Gaming experienced a quiet week with no significant catalysts [5]

Core Insights - Solana Company has updated its holdings of Solana (SOL) tokens and cash as of October 29, 2025, reflecting its strategy to maximize SOL per share through disciplined asset management [1][2] Group 1: Holdings and Financials - As of October 29, the Company holds over 2.3 million SOL, an increase of approximately 1 million since the last update on October 6 [2] - The Company and its subsidiaries collectively hold more than $15 million in cash and stablecoins, which will be utilized to further its digital asset strategy [2] Group 2: Staking Performance - For October, the average gross staking yield was 7.03% APY, outperforming the stake-weighted average of the top 10 validators by approximately 36 basis points [3] - The staking yield generates consistent daily on-chain revenue while maintaining full liquidity and custody of the underlying assets [3] Group 3: Strategic Insights - The Company has increased its SOL holdings by roughly 5% in less than a month, with a gross staking yield exceeding 7% [4] - Institutional engagement with Solana Company has accelerated due to key network milestones and ecosystem developments, focusing on transparency and growth [4] Group 4: Market Position - Solana is recognized as one of the fastest-growing blockchain networks, processing over 3,500 transactions per second and maintaining approximately 3.7 million daily active wallets [4] - The network is a leader in transaction revenue and user adoption, offering an estimated 7% native staking yield, positioning SOL as a financially productive asset for long-term treasuries [4] Group 5: Company Overview - Solana Company, in partnership with Pantera Capital and Summer Capital, serves as a dedicated vehicle for institutional participation in the Solana ecosystem [5] - The Company's approach integrates capital markets access, on-chain management, and long-term staking to compound SOL-denominated returns [5]

Core Insights - Trump Media and Technology Group Corp. is expanding its offerings by integrating prediction markets into its social media platform, Truth Social, through a partnership with Crypto.com | Derivatives North America [1][4] - The new feature, "Truth Predict," will allow users to trade prediction contracts on various events, including political elections and commodity prices, with real-time price updates [2][3] Company Overview - Trump Media operates Truth Social, a platform aimed at providing a space for free expression, alongside Truth+, a streaming service, and Truth.Fi, a FinTech brand [16] - As of the end of Q2, Trump Media reported over $3 billion in financial assets and achieved its first quarter of positive operating cash flow since going public [3] Industry Context - Prediction markets are anticipated to become a multi-deca-billion dollar industry, with the integration of these markets into social media platforms seen as a significant innovation [4] - The collaboration between Trump Media and Crypto.com aims to democratize access to prediction markets, allowing users to engage in market sentiment discussions [4][6]

Core Insights - SharpLink Gaming, Inc. is collaborating to deploy $200 million in ETH from its corporate treasury onto Linea, a zkEVM Layer 2 network, enhancing its digital asset treasury strategy [2][4][5] - The deployment aims to optimize on-chain yield through institutional-grade staking and restaking offerings, leveraging the infrastructure of Linea, ether.fi, and EigenCloud [1][3][6] Group 1: Deployment Strategy - SharpLink's ETH will be managed in a risk-managed manner over a multi-year commitment period, utilizing Anchorage Digital Bank for custodial protections [2][3] - The strategy combines native Ethereum yield, restaking rewards, and partner incentives within a compliant Layer 2 infrastructure [3][4] Group 2: Institutional Approach - The collaboration positions Linea as a new institutional pathway for ETH capital, reinforcing SharpLink's commitment to institutional risk management while advancing the Ethereum ecosystem [5][6] - SharpLink's Co-CEO emphasized the importance of institutional rigor in managing their treasury, aiming to maximize stockholder value through enhanced staking yield [4][5] Group 3: Future Outlook - The partnership with Consensys aims to co-develop capital markets primitives, focusing on programmable liquidity tools and tokenized equity strategies [8] - The deployment is seen as a foundational step towards a new generation of services secured by ETH, expanding yield opportunities for institutional capital [6][8]

Investment Strategy - VanEck CEO views Digital Asset Treasury companies (DATs) as "closed-end funds" [1] - DATs become interesting when trading at a discount [1] Industry Perspective - Stablecoin sponsors CoinDesk media network [1]

South Korea’s publicly listed Bitplanet has executed its inaugural Bitcoin purchase, acquiring 93 BTC on Sunday as the opening salvo of an ambitious daily accumulation strategy targeting 10,000 BTC. The Bitcoin treasury company, backed by Metaplanet CEO Simon Gerovich and venture capital firm Sora Ventures, is positioning this program as the first Bitcoin acquisition by a public Korean firm through regulated infrastructure. According to a Yahoo Finance report, the company revealed during Bitcoin Asia 202 ...

In an interview with TheStreet Roundtable’s Scott Melker, Jon Najarian and Allan Marshall of Upexi explained why their company built its digital asset treasury around Solana. While most firms still focus on Bitcoin, they said Solana’s technology and growth make it a stronger foundation for the future of tokenized finance. “The thing about the digital asset treasuries... is that a lot of folks are just not comfortable owning and or how to store or hold on to assets that they buy,” Najarian said. “The digit ...