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Sharplink Hits Near $1Bn in Paper Gains: How Liquid Are SBET ETH Profits?
Yahoo Finance· 2025-10-08 02:35
SharpLink Gaming’s Ethereum portfolio has ballooned in value after the cryptocurrency climbed nearly 4.5% over the past day, pushing the company’s unrealized profits close to the $1Bn mark In a statement on Tuesday, SharpLink said its gains from Ether purchases have topped $900M since the firm began accumulating the asset on June 2. Data from the Strategic ETH Reserve shows SharpLink holds 838,730 ETH, valued at roughly $3.93Bn at current prices. That stake represents about 0.69% of Ethereum’s total cir ...
Kyle Samani says Solana was the 'always the answer' for new crypto treasury venture
Yahoo Finance· 2025-10-07 21:36
Multicoin Capital co-founder Kyle Samani says the firm’s decision to launch a Solana-based treasury company was driven by conviction, and a little push from the United States Securities and Exchange Commission (SEC). “There was never really a question for us of whether we’re going to do a digital asset treasury (DAT), what asset to do. Solana was always the answer,” Samani told TheStreet Roundtable host Scott Melker. “We’ve been investors in Solana since day one. We’ve doubled down on Solana repeatedly ov ...
Eightco (ORBS) Soars 34% as Crypto Firm Optimistic for Ethereum 10-15 Year Growth Prospects
Yahoo Finance· 2025-10-07 11:26
We recently published 10 Stocks Investors Are Gobbling Up. Eightco Holdings Inc. (NASDAQ:ORBS) is one of the top performers on Monday. Eightco rocketed by 34.34 percent on Monday to close at $11.07 apiece as investors poured funds into its stock, after Bitmine Immersion—the largest Ethereum treasury holder in the world—posted strong optimism for the cryptocurrency asset, believing that it would be one of the biggest macro trades over the next 10 to 15 years. The comment propelled shares in Eightco Holdin ...
Fasset Becomes World’s First Stablecoin-Powered Islamic Bank with Approval in Malaysia
Yahoo Finance· 2025-10-07 10:54
Global crypto investment platform, Fasset, has received approval from Malaysia to launch full-service digital banking services within a regulated Islamic fintech sandbox. The approval makes Fasset the world’s first stablecoin-powered Islamic digital bank. Fasset currently serves over 500,000 users across 125 countries, aiming to close the long-standing gap in access to Shariah-compliant financial products. The platform is now introducing everyday banking services, global investments, and crypto-backed spe ...
Capital Group Becomes Largest Metaplanet Shareholder with 11.45% Bitcoin Treasury Stake
Yahoo Finance· 2025-09-25 13:04
Group 1 - Capital Group has become the largest shareholder in Metaplanet Inc, acquiring an 11.45% stake valued at nearly $500 million through its subsidiary [1] - Metaplanet holds 25,555 Bitcoin worth $2.71 billion, making it the fifth-largest corporate Bitcoin holder globally [2] - Capital Group's ownership increased from 8.31% in August to 11.39% by September 17, surpassing National Financial Services LLC [3] Group 2 - Metaplanet's Bitcoin holdings grew from 4,525 BTC in April to over 25,000 BTC, driven by aggressive capital raising [5] - The company executed a $1.45 billion international share offering, issuing 385 million shares to fund additional Bitcoin purchases [6] - Metaplanet achieved a 395.1% Bitcoin yield year-to-date, making it the best-performing stock among Japan's publicly listed companies in 2024 [7] Group 3 - Capital Group's crypto-related investments have increased from $1 billion to over $6 billion under portfolio manager Mark Casey [4] - The company's "555 Million Plan" aims to acquire 210,000 BTC by 2027, representing approximately 1% of the total Bitcoin supply [5] - Eric Trump joined Metaplanet's advisory board in March to support its Bitcoin-focused strategy [6]
Better Crypto Buy: Bitcoin vs. Strategy (MicroStrategy)
Yahoo Finance· 2025-09-23 10:45
Key Points After hitting a 52-week high of $543 in November 2024, Strategy is now trading for just $335. The recent pullback in Strategy's price highlights the potential perils of investing in Bitcoin treasury companies. If investors are no longer willing to attach a premium to Strategy's Bitcoin holdings, then Bitcoin is obviously the better play. 10 stocks we like better than Bitcoin › It's hard to argue with the long-term performance of Strategy (NASDAQ: MSTR). Since this high-profile Bitcoin ...
Tom Lee’s BitMine Technologies Adds 264K ETH on Price Dips, but BMNR Tanks 5%
Yahoo Finance· 2025-09-22 16:35
Group 1 - Bitmine Technologies has surpassed 2.4 million Ethereum (ETH) in strategic reserves, representing over 2% of ETH's total supply [1][2] - The company's total Ethereum holdings now amount to 2,416,000 coins, with combined crypto and cash reserves reaching $11.4 billion [2] - Bitmine has emerged as the largest corporate holder of ETH, emphasizing Ethereum's long-term potential in blockchain adoption and financial transformation [3] Group 2 - On September 22, ETH experienced a significant price drop of 6.28%, falling below $4,200, and is down over 15% from its all-time high [1][4] - Bitmine announced a securities purchase agreement to sell 5.2 million shares at $70 per share, which is a 14% premium over the previous closing price [5] - The stock offering is expected to raise approximately $365 million, with potential total proceeds reaching $1.28 billion if all warrants are exercised [6]
BitMine Immersion (BMNR) Announces Pricing of $365.24MM Registered Direct Offering At $70 per share
Prnewswire· 2025-09-22 11:15
BitMine sells approximately 5.22 million shares at $70.00 per share and approximately 10.4 million warrants with a strike price of $87.50 BitMine common share sale is a 14% premium to the closing price of BitMine Common Stock on September 19, 2025 BitMine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support BitMine's goal of acquiring 5% of E ...
Tom Lee’s Bitmine Buys Another $69M ETH, Holds Massive $8.66B Stack
Yahoo Finance· 2025-09-19 22:46
Bitmine, the crypto firm led by Wall Street veteran Tom Lee, has expanded its Ethereum treasury once again, purchasing another $69 million worth of ETH through Galaxy Digital’s over-the-counter (OTC) desk. The latest acquisition brings Bitmine’s holdings to roughly 1.95 million ETH, valued at $8.66 billion, according to Arkham data. Blockchain transaction records show a series of large transfers carried out between Galaxy Digital and Bitmine in recent hours. The settlements included 3,247 ETH ($14.55 mi ...
Vestand Signs Agreement to Acquire Controlling Interest in AI Mindbot Equity
Globenewswire· 2025-09-18 12:47
Core Insights - Vestand Incorporated has signed a share purchase agreement to acquire 21,000 shares of AI Mindbot Equity for approximately USD $6.44 million, establishing a controlling stake of over 89% in AI Mindbot [1][4] - This acquisition aims to create a strategic bridge between the crypto treasury markets of the United States and Korea, positioning Vestand as a key player in the Global Crypto Treasury Alliance [2][6] - The transaction is expected to enhance Vestand's credibility and growth potential by integrating Korea's dynamic crypto market with the institutional credibility of a U.S.-listed company [4][6] Acquisition Details - The acquisition involves purchasing shares from Hyper Corporation through Vestand's wholly owned subsidiary, Vestand Korea Company Limited [1] - AI Mindbot is the largest shareholder of Xcure Corp., a Kosdaq-listed company specializing in smart card and mobile security technology [1] - Vestand Korea will replace four out of seven directors of Xcure Corp. at an extraordinary shareholders' meeting scheduled for November 7, 2025 [10] Market Opportunity - Korea is recognized as a top global crypto hub with an annual trading volume of approximately KRW 663 trillion, and over 16 million investors engaged in cryptocurrency [7] - The absence of spot Bitcoin ETFs in Korea provides listed companies like Vestand a first-mover advantage in the crypto investment space [7] - Tax benefits favor investments through listed companies, as they incur a 0.15% transaction tax compared to a 20% capital gains tax on direct digital asset investments starting in 2027 [7] Strategic Vision - Vestand aims to leverage the combination of real-world assets and digital assets to create a hybrid investment platform that captures stable cash flows and growth potential [6][13] - The company plans to expand its ETH Treasury operations and digital asset holdings through various capital-raising strategies, including equity and security token offerings [13] - Vestand seeks to redefine its market position from a simple asset-holding company to a growth-oriented platform with a focus on sustainable revenue and cash flow [4][13]