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SharpLink Gaming (ticker SBET) said Friday its board approved a stock repurchase program of up to $1.5 billion, positioning the Ethereum-focused treasury company to buy back shares when its stock trades at or below the net asset value of its crypto holdings.Co-CEO Joseph Chalom, formerly of BlackRoc…
Once seen as fringe experiments, Bitcoin treasury companies are now central players in the digital asset market. Modeled after pioneers like MicroStrategy, these firms pile Bitcoin onto their balance sheets, straddling the line between operating businesses and crypto investment trusts.Also, momentum…
DeFi Development Corp. surged another 17% on Thursday after announcing it had purchased $2.7 million in Solana as part of its ongoing treasury strategy. The stock price had already rallied the day before as the company released its business update for June, including plans to raise $112.5 million.De…
Only a few Bitcoin treasury companies will stand the test of time and avoid the vicious "death spiral" that will impact BTC holding companies that trade close to net asset value (NAV), a business entity's total assets minus its liabilities, according to a report from venture capital (VC) firm Breed…
Legendary hedge fund manager Cliff Asness recently amplified his criticism of Bitcoin advocates, slamming them as "Ponzi cultists" in his recent post on the X social media.The founder of AQR Capital Management came to the defense of famed short-seller Jim Chanos, who he believes is "one of the GOATs…
Truth Social, the social media platform operated by Trump Media & Technology Group (TMTG), has entered the spot Bitcoin exchange-traded fund (ETF) race with the latest 19b-4 filing submitted to the US Securities and Exchange Commission (SEC) through NYSE Arca. The filing seeks approval to list and t…
In the annals of financial history, few institutions have faced the tempests of competition with the steadfast resolve of Grayscale Bitcoin Trust (GBTC). Born in 2013 as a private placement, GBTC pioneered regulated Bitcoin investment, granting investors access to Bitcoin’s meteoric rise without th…
Bitcoin's consolidation at around the $95,000 mark is looking "strong" following a 9% gain during the past week and ahead of the U.S. Treasury's upcoming evaluation deadline for President Trump's proposed Strategic Bitcoin Reserve, according to K33 analysts.Trump signed an executive order on March 6…
Binance has introduced a fund management infrastructure modeled on traditional finance. The new fund accounts allow fund managers a way to manage pooled investor capital, mirroring the systems used in traditional markets. The newly launched Fund Accounts reportedly allow managers to consolidate mult…
Strategy, formerly known as MicroStrategy, the now Bitcoin proxy firm founded by Bitcoin (BTC) bull Michael Saylor, made headlines once again on Monday by acquiring an additional 6,556 BTC, bringing its total BTC holdings to an impressive 538,200 BTC. This latest purchase, amounting to approximately…
Bitwise adds London as trading hub for four of its European products, providing access to its best-in-class crypto ETPs for UK professional investors.Products to be traded at LSE include Bitwise Core Bitcoin ETP, Europe’s only Bitcoin ETP with extended primary market liquidity window and 0,20% TER, …
Analysts at Bernstein have made a bold prediction regarding MicroStrategy, now known as Strategy, the Bitcoin proxy firm co-founded by Michael Saylor. They forecast that it could amass over 1 million Bitcoin (BTC) by 2033, potentially positioning Strategy to hold 5% of BTC’s total supply. Strategy S…