TD Cowen holds its MSTR price target at $680, on the prediction that Strategy will accumulate 4.3% of Bitcoin’s total supply by 2027's end.
Norges Bank Investment Management increased its bitcoin-equivalent exposure from 6,200 BTC to 11,400 BTC in Q2, says Standard Chartered.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitwise CIO Matt Hougan says there are still four catalysts the market hasn't fully priced in which could push prices substantially higher.
The analysts give a base case for CRCL of $84 and bear case of $40 through 2027, down from Wednesday's closing price of $153.16.
Analysts and industry leaders see further upside, with Standard Chartered raising its year-end target to $7,500.
U.S. capital markets have been generally bullish on crypto-related investments since President Trump took office.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Investors worry about Tether's U.S. entry and other pressures, but Circle's regulatory and liquidity position offer an edge, Bernstein said.
The move comes as Bitfarms looks to redomicile in the U.S., backed by President Trump's strong political support for crypto and AI.
Etoro, which went public in the U.S. in May, saw its adjusted, non-GAAP net income rise to $54.2 million in Q2 2025.
Earlier this month, ETHZilla closed a $425 million private placement. The placement had over 60 participants.
Heritage Distilling is set to launch an IP token treasury strategy worth about $340 million, backed by a16z crypto and other investors.
Coinbase's supported tokens, staking, and Base chain revenue place it in pole position to leverage surging trading volume, the analysts said.
Ethereum-based funds led the inflows with another $268 million, while Bitcoin investment products rebounded to add $260 million.
Digital asset treasury or DAT deals are booming — but where does that leave general crypto startup funding?
Terawulf saw its net losses expand to over $79 million in the first six months of the year, according to its latest financial report.
CleanSpark said its Q3 revenue jumped 91% year-over-year to $198.6 million while net income reached $257.4 million.
Cipher notched a Q2 net loss of $46 million as it continues to invest in its HPC infrastructure, while Hut 8 saw net income of $137.5 million.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The vast majority of trading, $1.94 billion, has taken place on centralized exchanges like Kraken, Bybit, and Gate.
"The NAV multiples (market cap divided by value of ETH held) have now also started to normalize for the ETH treasury companies," said Geoffrey Kendrick.
A Nickel Digital Asset Management survey says around 10% of S&P 500 companies will establish bitcoin treasuries at some point.
Ethereum, DeFi protocols, and platforms like Coinbase and Robinhood stand to benefit most from the policy shift, in Matt Hougan's view.
As crypto equity markets become overcrowded and illiquid, Architect bets on building a Moody's-like credit rating system to unlock new pools of institutional capital.
In its most recent earnings report, Coinbase's consumer spot trading volume declined 45% when compared to the previous quarter.
On the earnings call, Joe Burnett said Semler is avoiding "fast money" tactics like issuing stock quickly for bitcoin buys.
Billionaire Mike Novogratz's Galaxy Digital has officially told the SEC it is seeking to tokenize its own shares with the help of Superstate.
Benchmark analysts reiterated a 'buy' rating and a $421 price target on COIN shares following last week's earnings print.
Robinhood generated more than $141 billion in crypto trading volumes in 2024, driven by a post-election surge.