USDThis Week’s Smart Money: Saylor Boosts BTC, Coinbase Invests, Metaplanet Surpasses El Salvador
Michael Saylor's Strategy Boosts Bitcoin Holdings to 568,840 BTC, Achieves 15.5% Yield
Michael Saylor's firm, Strategy, recently purchased 13,390 Bitcoin for $1.34 billion, pushing its holdings to 568,840 BTC, valued at approximately $39.4 billion. With this acquisition, Strategy achieved a Bitcoin yield of 15.5%, surpassing its previous target of 15% for 2025 and raising it to 25%. The Bitcoin purchase was made at an average price of $99,856 per BTC, as Bitcoin crossed the $100,000 mark. Despite these advancements, critics like Peter Schiff have expressed skepticism regarding Strategy's aggressive buying strategy, suggesting potential risks linked to rising average purchase costs and market volatility.
Coinbase Invests $150M in Bitcoin, Boosting Holdings to $1.3B Amid 23% Share Decline
Coinbase Global (NASDAQ: $COIN) announced a $150 million investment in Bitcoin, increasing its total BTC holdings to $1.3 billion. CEO Brian Armstrong clarified that this purchase is not a strategic shift like Strategy's but rather a reinvestment of profits into crypto assets, akin to a commodities firm's approach. Currently, Bitcoin represents 25% of Coinbase's net cash. Armstrong emphasized that the investment reflects confidence in the crypto sector, not a dependency on Bitcoin's performance for the company's future. Coinbase's shares have seen a 23% decline year-to-date, trading at $199.32 per share.
Metaplanet Surpasses El Salvador in Bitcoin Reserves, Holding 6,796 BTC with $129 Million Addition
Tokyo-listed investment firm Metaplanet (3350.T) has overtaken El Salvador in Bitcoin reserves, holding 6,796 BTC, compared to El Salvador’s 6,174 BTC. The company added 1,241 BTC worth $129 million to its treasury, valued at approximately $707 million. Metaplanet's BTC Yield KPI stands at 38% for Q2 2025, with a Year-to-Date yield of 170%. Their goal is to reach 10,000 BTC by the end of 2025. The firm has financed its strategy through 14 bond offerings, recently raising $21.25 million, and plans to establish a headquarters in Miami to enhance its crypto initiatives.
Cantor Equity Partners Acquires $458.7M in Bitcoin as Part of Merger with Twenty One Capital
Cantor Equity Partners (CEP) announced a $458.7 million Bitcoin acquisition as part of its merger with Twenty One Capital, backed by Tether, Bitfinex, and SoftBank. The purchase involved acquiring approximately 4,812 BTC at an average price of $95,319 each, with the tokens held in escrow. This transaction, disclosed in a regulatory filing, indicates that the escrow wallet received the BTC from a Bitfinex hot wallet. Twenty One Capital, led by Strike CEO Jack Mallers, aims to launch with over 42,000 BTC. CEP shares rose 3.7% in after-hours trading following the announcement.
DayDayCook Launches Bitcoin Reserve Strategy, Aiming for 5,000 BTC Amid China's Crypto Restrictions
DayDayCook (DDC), a consumer brand with Hong Kong roots operating in mainland China, has initiated a Bitcoin reserve strategy. CEO Norma Chu announced plans to acquire 5,000 Bitcoin over the next 36 months, having already secured 100 BTC for approximately $10.4 million. This move follows a notable 33% revenue increase in 2024, reaching 273.3 million yuan ($37.4 million). Despite the announcement, recent SEC filings do not explicitly reference DDC’s Bitcoin strategy. The initiative comes amid China's ongoing restrictive stance on cryptocurrency, with speculation about potential regulatory changes in light of growing adoption, especially in Hong Kong.
Amber International Launches $100M Crypto Reserve for BTC, ETH, XRP, BNB, SOL, and SUI
Amber International has launched a $100 million crypto ecosystem reserve to enhance institutional adoption of digital assets, focusing on high-conviction cryptocurrencies like BTC, ETH, XRP, BNB, SOL, and SUI. Utilizing an AI-driven strategy, the reserve integrates a robust risk management framework to ensure secure, compliant investments. CEO Wayne Huo emphasizes building innovative institutional partnerships to support scalability and impact within the digital asset ecosystem. Notable investments include DeFi Development Corp. in the Solana ecosystem and collaboration with Hash Global on the BNB Fund, aiming to create secure channels for institutional capital in blockchain ventures.
DeFi Development Corp. Soars After BONK Partnership and SOL Token Purchase
DeFi Development Corp. (DFDV) experienced a 30% share price surge following a partnership with the BONK memecoin community to co-manage a Solana validator. The firm, formerly Janover, now holds 609,190 SOL tokens valued at over $107 million after purchasing an additional 16,447 SOL for $2.3 million. The partnership aims to enhance Solana's decentralized infrastructure while integrating BONK's liquid staking token, BONKSOL. DFDV shares have skyrocketed 2,800% since pivoting to focus on Solana, fueled by the trend of public firms incorporating cryptocurrencies into their balance sheets.
Al Abraaj Restaurants Group Adds 5 Bitcoins to Balance Sheet, Targets Middle East Bitcoin Strategy
Bahrain-based Al Abraaj Restaurants Group B.S.C. has added 5 Bitcoins to its balance sheet, following the lead of industry leaders like Michael Saylor. The company, listed on the Bahrain Bourse under the ABRAAJ ticker, aims to become the "MicroStrategy of the Middle East" and plans to allocate a significant portion of its treasury to Bitcoin, viewing it as a reserve asset. Al Abraaj, with a 2024 EBITDA of $12.5 million, has partnered with U.S.-based 10X Capital to raise funds for further Bitcoin acquisitions, enhancing shareholder value and providing regional investors with Bitcoin exposure through a publicly traded stock.
KULR Sees 40% Revenue Growth in Q1 Amid Bitcoin Mining Entry and Treasury Expansion
KULR Technology reported a 40% year-over-year revenue increase to $2.45 million in Q1, despite net losses widening to $18.81 million due to mark-to-market adjustments on bitcoin holdings. The company expanded its bitcoin treasury to 716.2 BTC valued at $74.4 million after a $4 million purchase, with a year-to-date BTC yield of 197.5%. KULR also recognized its first bitcoin mining revenue of $250,000 and introduced a blockchain-based supply chain initiative, aiming for enhanced data transparency. The firm's strategies align with emulating successful bitcoin treasury approaches, positioning itself within the evolving crypto ecosystem.
Méliuz Becomes Brazil's First Public Bitcoin Treasury Company, Securing 320.2 BTC Worth $33.3 Million
Brazil's Méliuz has made history as the first publicly listed bitcoin treasury company after shareholders approved its new strategy. The company's goal is to accumulate bitcoin strategically for shareholders, leveraging its cash flow and capital market structures. Recently, Méliuz purchased 274.52 BTC for $28.4 million, raising its total holdings to 320.2 BTC, valued at approximately $33.3 million. Since its initial purchase in March, Méliuz's stock has surged 116%. Additionally, New York-based DayDayCook announced its bitcoin strategy, starting with 100 BTC and aiming for 500 BTC in six months, demonstrating a trend of firms diversifying treasuries with digital assets.
Heritage Distilling Becomes First Craft Spirits Company to Accept Bitcoin and Hold It as Treasury Asset
Heritage Distilling Holding Company, Inc. (NASDAQ: CASK) announced on May 16, 2025, that it will accept Bitcoin as payment and hold it as a strategic asset, becoming the first craft spirits company to do so. This decision follows a board-approved Cryptocurrency Treasury Reserve Policy aimed at diversifying sales and treasury operations. Matt Swann stated that cryptocurrencies reduce friction in commerce, with 65 to 86 million Americans holding Bitcoin. CEO Justin Stiefel highlighted the potential to offset crypto volatility due to the company’s production margins. The move reflects Heritage’s commitment to innovation and modernized financial operations.
Basel Medical Shares Plummet After $1 Billion Bitcoin Purchase Announcement
Shares of Basel Medical Group fell 15% after the company announced plans to purchase $1 billion in Bitcoin for its corporate treasury. The Singapore-based firm is in discussions with institutional investors for a share-swap arrangement to acquire Bitcoin, aiming to bolster its balance sheet and enhance financial flexibility for mergers and acquisitions. CEO Darren Chhoa highlighted this strategy as key to expanding in Southeast Asia following a recent acquisition of Bethesda Medical. Despite potential benefits, investor skepticism led to the stock decline, reflecting similar market reactions seen with other companies announcing Bitcoin treasury plans.
This article has been refined and enhanced by ChatGPT.
