USDThis Week’s Smart Money Bets: Public Firms Ramp Up Crypto Holdings
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DWF Ventures Report: Public Companies Invest $76B in Crypto Treasuries
A recent report by DWF Ventures reveals that public companies have invested $76 billion in crypto treasuries, with over $40 billion in investments made in the past year. Fourteen companies, including Trump Media, GameStop, and Tesla, have adopted crypto investment strategies. The report identifies key fundraising strategies like PIPE and equity sales, emphasizing Bitcoin's dominance in these treasuries while also noting investments in altcoins such as ETH and BNB. A notable case study includes Tron’s reverse merger with SRM Entertainment, which involves a $100 million equity agreement to bolster its treasury. DWF Labs is pursuing further investment opportunities.
Strategy Acquires 245 BTC Amid Price Dip, Raising Total Holdings to 592,345 BTC
On June 23, 2025, Strategy, formerly MicroStrategy, disclosed acquiring 245 BTC for $26 million, raising its total to 592,345 BTC. This move came as Bitcoin's price dipped below $99,000, with average acquisition costs now at $70,681 per Bitcoin. Strategy's Bitcoin yield stands at 19.2% year-to-date, underscoring its long-term investment strategy. The company has employed innovative financing methods, including stock sales and convertible debt, to support its crypto purchases. Amid market fluctuations, Strategy's confidence in Bitcoin remains high, reflecting its position as a major institutional player in the digital asset landscape with investments exceeding $41.87 billion.
Metaplanet Surpasses Tesla in Bitcoin Holdings, Plans to Acquire 1% of Total Supply
Metaplanet has enhanced its Bitcoin holdings to 12,345 BTC after acquiring 1,234 BTC for $132.7 million, surpassing Tesla. The firm aims for 210,000 BTC by 2027 under its “555 Million Plan,” supported by $515 million in funding. The first tranche was led by EVO Fund, which exercised 540,000 stock-acquisition rights to convert them into 54 million new shares. Metaplanet is now Asia’s largest corporate Bitcoin holder. Before that, Metaplanet had approved a $5 billion capital injection into its U.S. subsidiary to boost its bitcoin treasury strategy and support global expansion.
ProCap Financial Grows to 4,932 BTC with $1B Treasury Strategy, Riding Bitcoin's $107K Surge
ProCap Financial, formed through a $1 billion merger with Columbus Circle Capital, quickly established itself as a leading Bitcoin treasury company. With an ambitious strategy to hold up to $1 billion in Bitcoin, ProCap has accumulated 4,932 BTC, including a significant purchase of 1,208 BTC valued at $128 million. Currently, these holdings are valued at approximately $527.7 million, given Bitcoin's market price of around $107,000. Unlike passive strategies, ProCap actively manages its Bitcoin reserves to mitigate volatility and enhance returns, signaling a transformative approach in integrating Bitcoin into traditional financial models amid growing institutional interest.
GameStop Raises $450M to Total $2.7B for Bitcoin Amid 17% Revenue Decline
GameStop raised an additional $450 million through convertible notes, totaling $2.7 billion in under two weeks. The funds are primarily for Bitcoin purchases and general operations, following a strategy similar to MicroStrategy’s. GameStop also reported a 17% revenue decline in Q1, generating $732.4 million as demand for digital games rises. Despite expanding its collectibles business, particularly in Pokémon cards, analysts remain skeptical. Shares were priced at $23.16, down 0.56%. Analyst Michael Pachter criticized the Bitcoin strategy as nonsensical, given the company’s high cash valuation and declining core retail business. GameStop’s future direction appears uncertain.
Green Minerals Launches $1.2B Bitcoin Strategy, Stock Soars 350% Before 50% Drop
Norwegian deep-sea mining company Green Minerals announced a $1.2 billion Bitcoin treasury strategy, gaining significant attention with a 350% stock price surge. However, shares subsequently dropped nearly 50% after revealing the acquisition of only 4 bitcoins for approximately $420,000, averaging $105,000 per BTC. Executive Chairman Ståle Rodahl emphasized Bitcoin as a hedge against inflation and fiat debasement, citing its non-inflationary properties. This move aligns with a trend among various traditional companies to integrate digital assets into their treasury strategies, following models like MicroStrategy's. Green Minerals aims to mitigate currency risks while enhancing long-term financial value.
Bakkt Files for $1 Billion Public Offering to Fund Bitcoin Acquisitions
Bakkt Holdings has filed for a mixed public offering of securities valued at $1 billion, aiming to facilitate potential Bitcoin acquisitions as part of its treasury strategy. This application, submitted to the SEC, allows Bakkt the flexibility to issue various securities including common stock, preferred stock, debt, or warrants, enabling capital raising under favorable market conditions. Backed by the Intercontinental Exchange, Bakkt has updated its investment policy to encompass Bitcoin and other digital assets. While no purchases have been made yet, the company plans to utilize excess cash or financing proceeds to acquire cryptocurrencies in the future.
Genius Group to Split $1B Lawsuit Proceeds, Allocating Half to Boost Bitcoin Holdings
Genius Group, a Nasdaq-listed AI-driven education company, plans to split potential winnings from two lawsuits—seeking over $1 billion—between shareholders and Bitcoin purchases. CEO Roger Hamilton states that 50% of any recovered funds will be distributed as a special dividend, while the other half will boost the company's Bitcoin treasury. The first lawsuit targets $750 million under the RICO Act, and a second, pending case estimates damages between $251 million and $262 million. Currently, Genius Group holds 85.5 BTC and intends to use potential litigation proceeds for significant Bitcoin acquisitions as part of its “Bitcoin-first” strategy.
UK's Smarter Web Company Sees 254% Stock Surge After Building 543 BTC Reserve
The Smarter Web Company, a UK-based web design firm, has seen its stock soar 254% in June, rising from £4.50 to £292.50 after building a Bitcoin reserve of 543.52 BTC since its April IPO. CEO Andrew Webley claims this makes it the "most successful IPO in UK history," inspiring over 21 copycat firms to adopt similar Bitcoin strategies. The company has raised over $74.9 million through share sales and aims to reach 1,000 BTC within 3-4 months. Webley believes Bitcoin's fixed supply and decentralization make it the "best asset in the world," despite its volatility.
Sequans Communications Launches $384M Fundraising for Corporate Bitcoin Reserve
Sequans Communications, a semiconductor firm, has launched a $384 million fundraising effort to establish a corporate Bitcoin reserve, partnering with Swan Bitcoin for treasury management. The strategy includes $195 million in equity and $189 million in convertible debt, reflecting CEO Georges Karam's confidence in Bitcoin's potential. This initiative aligns Sequans with a growing number of nearly 240 companies that now hold Bitcoin, making up about 4% of its total supply. Despite the trend, major companies like Amazon, Meta, and Microsoft remain hesitant due to regulatory concerns, while MicroStrategy continues to lead as the largest public Bitcoin holder.
Belgravia Hartford Invests Another $1M in Bitcoin, Reflecting Shift in Canadian Corporate Finance
Belgravia Hartford, a Toronto-based investment firm, has recently increased its Bitcoin treasury by pulling another $1 million from its credit line with Round13 Digital Asset Fund, totaling $1.5 million invested in Bitcoin. They now hold 6.4 BTC, valued at approximately $685,000, as part of a strategy to drive long-term shareholder value. Concurrently, Bitcoin Treasury Corporation purchased 292.80 BTC for about $31.5 million, funded by a $125 million share offering, aiming to leverage Bitcoin for institutional lending. These moves signify a notable shift in Canadian corporate finance, treating Bitcoin as a strategic financial tool rather than merely a reserve asset.
SharpLink Gaming Acquires 6,000 ETH for $14.47 Million, Extending $507 Million Crypto Strategy
SharpLink Gaming has enhanced its cryptocurrency portfolio by acquiring nearly 6,000 Ethereum tokens for $14.47 million via Galaxy Digital, bringing its total ETH holding to 194,000 tokens. The company has devoted $507 million to Ethereum investments, with an average acquisition cost of approximately $2,611 per token. Despite facing market volatility and an unrealized loss nearing $36 million, SharpLink remains committed to its digital asset strategy, exemplifying its long-term confidence in Ethereum’s value. Trading under the ticker SBET on Nasdaq, SharpLink continues to pursue strategic acquisitions amidst challenging market conditions.
Aurora Mobile Approves 20% Crypto Investment Strategy to Enhance Treasury Management
On June 25, 2025, Aurora Mobile Limited (NASDAQ: JG) announced the approval of a digital asset investment strategy, allowing the company to allocate up to 20% of its cash reserves into cryptocurrencies and digital assets, including Bitcoin, Ethereum, and Solana. This initiative, described by Chairman and CEO Weidong Luo as a step towards modernizing treasury management, aims to enhance asset value and align with global financial trends while ensuring core operations remain unaffected. Aurora Mobile seeks to leverage this strategic move to further partnerships, ecosystem development, and market expansion within its dual-engine model focused on AI integration.
$600M BNB Bet: Hedge Fund Veterans and Nano Labs Launch Bold Treasury Moves
According to a Bloomberg report, Former Coral Capital execs launched Build & Build Corp aiming to raise $100M for BNB purchases, mimicking MicroStrategy’s BTC model, while Nano Labs unveiled a $500M convertible note deal targeting up to $1B in BNB to secure 5–10% of its supply. Nano Labs’ stock surged 106% post-announcement. BNB’s market cap is $87.8B, trading around $630, with Standard Chartered projecting it may double. CZ Zhao clarified no involvement but expressed support. Both initiatives aim to institutionalize BNB holdings via treasury strategies and potential Nasdaq listings.
Synaptogenix Enters Crypto Market with $10M Bittensor Acquisition for AI Focus
Biotech firm Synaptogenix has ventured into the crypto space by acquiring Bittensor (TAO) as part of its treasury diversification strategy. The investment, potentially up to $10 million, marks a focus on digital assets, especially those linked to artificial intelligence. To manage this crypto position, Synaptogenix has partnered with BitGo for custody, trading, and staking services. CEO Joshua Silverman praised advisor James Altucher for guiding the decision, emphasizing a long-term commitment to income generation and blockchain innovation. This move positions Synaptogenix as an early adopter of next-generation AI-integrated crypto assets amidst a growing interest from institutional investors.
This article has been refined and enhanced by ChatGPT.
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