New board chair Tom Lee bets Ethereum will benefit most from an expected boom in stablecoin transactions, which will uplift BitMine's value.
Strategy's holdings now total more than 2.8% of the total 21 million bitcoin supply — worth over $64 billion.
The Bernstein analysts expect the stablecoin market to reach $4 trillion over the next decade from around $244 billion today.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The move would represent Bakkt's latest strategic shift, after launching Bitcoin futures trading, a tokenized rewards program, and custody services.
COIN closed at $375.07 per share. The stock's previous all-time high close was $357.39, set in November 2021.
In June 2024, the firm offered approximately $1 billion to purchase Core Scientific, which rejected the bid.
Upexi also disclosed that it maintains 735,692 SOL holdings, valued at around $105 million at current prices.
After winding down its bitcoin mining operations, Bit Digital plans to gradually convert its BTC holdings into ETH.
The Tokyo-listed investment firm has purchased an additional 1,234 BTC, acquired at roughly $107,557 per bitcoin.
Bit Digital will wind down BTC mining operations, sell stock & spin out its high-performance computing subsidiary to fund ETH purchases.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
SoFi will reintroduce spot crypto trading and launch new crypto features after halting services in 2023 due to regulatory constraints.
Bernstein's Coinbase target implies an upside potential of more than 40% for the stock over the next 12 months.
Despite the surge in bitcoin treasury companies, the use of in-kind share swaps helps explain why market impact is weaker, K33 said.
The move brings the firm's total ETH holdings to 188,478 ETH as SharpLink Gaming aims to become the largest corporate ether holder.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Upexi plunged 60% after investors moved to unload 43.85 million shares, which it sold in April to finance Solana purchases for its treasury.
After launching its bitcoin treasury strategy in April, The Smarter Web Company's stock soared nearly 20,000% before correcting.
Ark Invest sold 415,844 Circle shares on Monday, with CRCL closing up 9.6% at $263.45 — well above its IPO price of $31.
CRCL traded as high as $298 on Monday, which pushed its market cap over $77 billion — higher than the market caps for both USDC and COIN.
The Truth Social parent company previously disclosed a Bitcoin treasury scheme funded by a $2.3 billion private placement offering.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
"Coinbase is positioning itself at the center of crypto’s next regulatory and structural evolution," says Benchmark's Mark Palmer.
Strategy's holdings now total more than 2.8% of the total 21 million bitcoin supply — worth over $60 billion.
KakaoPay, the payment services subsidiary under internet conglomerate Kakao, recently filed stablecoin patent applications.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
As of June 4, Semler Scientific (SMLR) holds 4,449 BTC worth approximately $462 million at current prices.
Circle's share price, which trades under CRCL, has since risen 530% compared its IPO price of $31 on June 5.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.