USDThis Week’s Smart Money: Bitcoin Treasury Surges as Strive Targets $1B Raise
Strategy and Semler Scientific Boost Bitcoin Holdings Amid Growing Corporate Adoption
Strategy and Semler Scientific have both intensified their Bitcoin acquisitions, reflecting a corporate shift towards cryptocurrency investment. Strategy, led by Michael Saylor, added 1,895 BTC worth approximately $180.3 million from April 28 to May 4, 2025, raising their total to 555,450 BTC, marking them as major corporate holders. Concurrently, Semler Scientific, a healthcare technology company, purchased 165 BTC for $15.7 million between April 25 and 29, increasing its total to 3,467 BTC. This strategic move aligns with Semler's objective to establish Bitcoin as its main treasury reserve asset, indicating broader acceptance of cryptocurrency in corporate finance.
Metaplanet to Raise $21.25M in Bonds for Bitcoin Acquisition, Opens US Subsidiary in Florida
Metaplanet, a Japanese investment company, plans to raise $21.25 million through a new issue of ordinary bonds to further increase its Bitcoin reserves, currently totaling 5,555 BTC, purchased for $481.5 million. The firm recently bought 555 Bitcoin at an average price of $96,134. Additionally, Metaplanet aims to establish a US subsidiary in Florida to tap into the American market, with a goal to raise $250 million from US institutional investors. The US operation is part of its strategy to leverage Florida’s pro-Bitcoin environment and enhance its geographic presence in the expanding cryptocurrency space.
DeFi Development Corp Expands Solana Holdings to 400,091 SOL with $11.2 Million Purchase
DeFi Development Corp recently purchased 82,404.50 SOL, valued at approximately $11.2 million, increasing its total holdings to 400,091 SOL worth around $58.5 million, including staking rewards. This acquisition followed a $24 million private investment in public equity deal aimed at acquiring more Solana. Each outstanding share now represents 0.199 SOL, valued at about $29.24. The company, formerly known as Janover, has pivoted to focus on cryptocurrency, including plans to acquire a Solana validator business for $3.5 million. Solana currently ranks as the sixth-largest cryptocurrency, with a market cap of roughly $74.4 billion.
Strive Asset Management Launches Bitcoin Treasury After NASDAQ Merger, Aiming to Raise $1B
Strive Asset Management, a subsidiary of Vivek Ramaswamy’s fund, is launching a Bitcoin treasury after merging with NASDAQ-listed Asset Entities. The new entity aims to raise $1 billion for BTC acquisitions, offering a tax-exempt swap of BTC for company equity, thus bypassing traditional exchanges. Strive will hold 94.2% ownership while previous Asset Entities stockholders retain 5.8%. The fund plans to leverage fixed income and derivatives and seeks undervalued public companies for cash. Bitcoin treasuries are on the rise, with 192 public companies holding 3.29 million BTC, reflecting growing interest and long-term confidence in the market.
Goldman Sachs Boosts IBIT Stake by 28%, Becoming Largest Institutional Holder with $1.4 billion Investment
Goldman Sachs has increased its stake in BlackRock's iShares Bitcoin Trust (IBIT) by 28%, now holding 30.8 million shares valued at $1.4 billion, making it the largest institutional holder of IBIT. The trust has rapidly grown to manage over $62.8 billion in assets, with $44 billion in inflows since its January launch. Goldman also maintains a significant position in Fidelity’s Bitcoin fund, totaling over $1.5 billion across various Bitcoin ETFs. This expansion reflects growing institutional confidence in Bitcoin's long-term value, facilitated by regulated investment vehicles that attract traditional investors to digital assets.
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