PayPal's David Knox heads to Hyperion DeFi. | Credit: Photo by Justin Sullivan/Getty Images. Key Takeaways Hyperion is a leading HYPE treasury with over 1.71 million HYPE tokens. Crypto treasury firms are rapidly emerging as a new favorite for institutional investors. BTC, ETH, SOL, and BNB are some of the top crypto picks for digital asset treasury companies. David Knox, a heavyweight from global payments behemoth PayPal, is making an ambitious career move and has become the Chief Financial Offic ...

Today, Ether Treasury firm Sharplink Gaming plans to join the stock tokenization boom. European banks team up to develop a stable coin. And Hideera's chief policy officer discusses the new task force between the US and UK to improve cooperation on crypto assets.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies are in the red with Bitcoin sliding to the $111,000 level as of noon Eastern.Ether dropped nearly 4% to $4,000 and Salana Soul token slid by nearly 6% to $21. Okay, sticking wit ...

Group 1 - Eric Trump was removed from ALT5 Sigma Corporation's board of directors due to Nasdaq listing rule requirements, with the specific rule not disclosed [1] - Trump now serves as a board observer, and Zachary Folkman was also moved to observer status but later nominated as a new director, pending stockholder approval [2] - The board changes are a result of ALT5 Sigma's $1.5 billion financing deal with World Liberty Financial, which allowed World Liberty Financial to nominate two directors [3] Group 2 - The partnership has transformed ALT5 Sigma from a small payments company into a crypto treasury vehicle supporting the Trump-backed project, with WLFI serving as the governance token [4] - ALT5 Sigma is facing challenges, including a special committee review of undisclosed matters and potential misstatements in financial statements, along with criminal liability findings for its Rwandan subsidiary related to money laundering [5] - Despite governance changes, ALT5 Sigma maintains its strategic partnership with World Liberty Financial, connecting the publicly-traded company to the Trump family's crypto venture [6]

Core Insights - The emergence of crypto treasury companies allows investors to gain exposure to cryptocurrencies through corporate holdings, which involves accumulating coins and using corporate finance tools to buy more over time [3][4] - The model pioneered by Strategy (formerly MicroStrategy) has become a template for other companies, enabling them to scale up their crypto holdings and attract investors [4] - The equity of these treasury companies often trades at a premium or discount to the value of their underlying coins, leading to amplified gains and losses for shareholders [5][6] Group 1 - Crypto treasury companies are public entities focused on providing investors with exposure to cryptocurrencies via corporate holdings [3] - Strategy has become the largest corporate holder of Bitcoin, with approximately 632,457 coins reported in mid-August [4] - The equity of treasury companies can experience significant fluctuations based on market sentiment, making them similar to leveraged investments in the underlying cryptocurrencies [5][6] Group 2 - The rapid spread of the crypto treasury concept has led to dedicated companies accumulating various crypto assets, including Ethereum, Solana, and XRP [8] - There is a lack of clear competitive advantages among these treasury companies, as they primarily hold the same underlying assets that any investor can purchase directly [9][10] - Holding the cryptocurrency directly is suggested as a better long-term investment strategy compared to investing in these treasury companies, which may carry additional risks [11]

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. ...