BitMine Immersion Technologies added another $321 million worth of Ethereum (ETH) to its stockpile over the last week, the NYSE American-traded firm said Monday, with its holdings rising in value due to Ethereum’s recent rebound. And its stock is climbing Monday, as well. The Tom Lee-fronted firm now holds 3.313 million ETH valued at over $13.8 billion, plus it has 192 Bitcoin (about $22 million worth) and $305 million in on-hand cash. The company added 77,055 ETH over the last week. BitMine is the largest ...

Core Insights - Ken Griffin, founder of Citadel Advisors, manages approximately $115 billion in assets and is known for his influence in market trends through quantitative trading and risk management [1][2] - Griffin's recent investment of $800,000 in a crypto treasury company highlights the growing institutional interest in digital assets, particularly as a means to gain exposure without the complexities of direct ownership [2][3] Investment Strategy - Tracking trades by superinvestors like Griffin can reveal undervalued assets, but investors should conduct thorough due diligence rather than blindly following these trades [2] - The crypto treasury company, DeFi Development (NASDAQ:DFDV), has transitioned to focus on digital asset accumulation, reflecting a new asset class driven by blockchain technology [3][4] Company Overview - DeFi Development went public in July 2023 with a $5.65 million IPO and shifted its focus to digital assets after a change in control in April 2025, resulting in a share price increase of over 2,000% [4][5] - As of June, DFDV held $97 million in digital assets, primarily Solana (CRYPTO:SOL), and generates revenue through a hybrid model of SaaS and crypto treasury operations [5] Citadel's Investment - Citadel participated in DFDV's $124 million private placement in August, acquiring shares at $12.50 and investing in locked SOL, marking a significant hedge fund entry into a Solana-focused treasury vehicle [6]

Core Viewpoint - B. Riley Securities analysts recommend buying Nakamoto Holdings (NAKA) stock, suggesting that the current dip presents a potential investment opportunity as the company is expected to recover from its recent selloff [1][3]. Company Performance - NAKA has experienced a significant decline, with its stock down 94% since July 1, 2025, and 44% year-to-date [3]. - The selloff was attributed to a $5 billion ATM equity offering, a $30 million investment in BTC treasury firm Metaplanet, and substantial insider selling following the expiration of PIPE transaction lock-up periods [3]. Valuation Metrics - As of October 10, 2025, NAKA's multiple on net asset value (mNAV) was 0.7x, which is below the 1.0x average for its peers [3][4]. - B. Riley believes that NAKA's mNAV will correct to the mean as market perception improves and as additional Bitcoin purchases enhance net asset value [5]. Strategic Partnerships - NAKA has a partnership with BTC Inc., which could provide an advantage in terms of upside volatility [5]. - The vision of BTC Inc. includes establishing BTC treasury companies in every capital market globally, which could further benefit NAKA if it acquires BTC Inc. [6]. Future Projections - B. Riley estimates that NAKA could appreciate to $2 per share by the end of 2026, assuming the company accumulates approximately 1,400 BTC using $763 million from its $5 billion offering and an additional 600 BTC by year-end [7]. - This would result in NAKA holding around 18,000 BTC, valued at approximately $2 billion, assuming a Bitcoin price of $121,600, leading to a projected mNAV of 1.2x at $2 per share [7].

Core Insights - The increasing number of firms investing in corporate BNB treasuries has prompted Binance founder Changpeng "CZ" Zhao to advocate for the use of third-party custodians for asset security [1][4] - Concerns regarding transparency and safety in crypto-based treasuries have arisen, particularly following the disappearance of QMMM, a crypto treasury firm [2][3] - CZ's recommendations for safeguards and accountability are a response to these industry concerns, emphasizing the need for trusted custodians and audits [4][5] Industry Developments - Traditional institutions are increasingly adopting crypto-based treasuries, but this trend has raised questions about the associated risks [2] - QMMM's situation, where it allegedly vanished with investors' funds, has intensified discussions about the necessity of third-party custodians [3][4] - China Renaissance Holdings is in the process of raising approximately $600 million for a new BNB treasury company, with YZi Labs and the bank contributing a total of $200 million [6] - Applied DNA Sciences has secured up to $58 million for its BNB treasury strategy through a private investment in public equity (PIPE) offering [7]

Crypto treasury firm CEA Industries (BNC) has confirmed total digital asset and cash holdings valued at $663 million. The announcement marks a major milestone in its ongoing strategy to add Binance native coin, BNB to its corporate treasury. In a press release issued on Oct. 6, 2025, CEA Insdustries disclosed ownership of 480,000 BNB tokens, acquired at an average cost of $860 per coin. This represents an aggregate investment of $412.8 million, now valued at approximately $585.5 million based on current m ...

Ethereum treasury investor Bitmine Immersion Technologies (BMNR) has achieved a historic milestone, surpassing Marathon Digital to become the world’s second-largest crypto treasury holder. According to Bitmine’s official press release on October 6, the firm’s combined crypto and cash holdings now total $13.4 billion, including 2.83 million Ethereum , $456 million in unencumbered cash, and minor Bitcoin and equity stakes. At current market prices of $4,535 per ETH, Bitmine’s Ethereum reserves are now wort ...

Accessibility StatementSkip Navigation NEW YORK, Oct. 1, 2025 /PRNewswire/ -- The Ether Machine, Inc., a planned public company following a pending business combination with Dynamix Corporation (Nasdaq: ETHM) ("Dynamix") and The Ether Reserve LLC, announced today that it has accrued 1,350 net new ether (ETH) as yield (currently valued at approximately $5.6M) through its actively managed ETH staking strategy. These rewards were generated at some of the lowest costs in the industry due to the Ether Machine's ...

Core Insights - The US SEC has charged Solana Treasury firm QMMM Holdings, which saw its stock price surge by 1000% in just 25 days [1] - The stock rally was allegedly driven by anonymous social media promotions following the company's announcement of a $100 million diversified crypto treasury [2] - Concerns over potential market manipulation and investor protection led to the suspension of QMMM stock trading [3] Company Developments - QMMM Holdings, based in Hong Kong, lists its US shares through a Cayman Islands holding entity [4] - The SEC's temporary suspension of trading will expire at 11:59 p.m. ET on Oct. 10 [4] Industry Trends - The crypto treasury sector is experiencing significant growth, with nearly 200 publicly traded companies now holding digital assets totaling over $112 billion [5] - Corporate Bitcoin holdings have surpassed 1 million BTC, while combined corporate holdings of Ethereum, Solana, and other tokens exceed $10 billion [5] - A notable shift towards broader crypto adoption among corporates is highlighted by a single company's Ethereum stake valued at over $11 billion [5]

BitMine Immersion Technologies shares climbed more than 6% on Monday after the Las Vegas-based company disclosed another major expansion of its Ethereum (ETH) treasury. The stock traded at $53.60 following the announcement, though it remained down nearly 4% over the past week. The company reported holding 2.65 million ETH valued at $11 billion, alongside 192 Bitcoin worth roughly $21.6 million and $436 million in cash. Total assets stood near $11.6 billion, strengthening BitMine’s position as the world’s ...

DeFi Development Corp., a Nasdaq-listed company, and Solana-based liquid staking platform Fragmetric Labs announced plans to establish South Korea’s first corporate Solana treasury. The two firms will jointly acquire a publicly listed Korean company to launch the initiative, marking an important expansion of Solana’s presence in one of the world’s most active crypto markets. A Major Reveal After Subtle Hints Fragmetric’s co-founder had hinted at a major reveal last week and the actual unveiling took pla ...