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Tim Alper

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Tim Alper

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Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

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August 31, 2025

Major Japanese companies are continuing to buy Bitcoin (BTC) and altcoins with their balance sheets, with the mobile gaming firm Gumi poised to spend 2.5 billion yen ($17 million) on XRP purchases.

Per an official Gumi release and a report from the Japanese media outlet CoinPost, the Tokyo Stock Exchange-listed firm’s board of directors has signed off on the move.

The firm said it aims to complete the purchase before the end of February next year. Gumi’s largest shareholder is SBI Holdings.

Gumi: XRP and BTC Are ‘Two Pillars’ of Our Financial Strategy

SBI is a long-term partner of the XRP issuer Ripple, and an ardent advocate of the altcoin. But Gumi has also proven to be extremely Bitcoin-keen.

The firm announced plans to buy over $6.5 million worth of Bitcoin back in February. And in March this year, Gumi held a $106,000 BTC lottery event for its newest shareholders.

Gumi officials said that the future XRP buy is not purely speculative. Instead, it called the move a “strategic initiative” that would allow it to move into the financial sector.

The company claimed its move would help it participate in the XRP ecosystem. This ecosystem, officials aid, is now playing a central role in international remittances and liquidity networks.

Developing cross-border remittances and liquidity are values “at the core of” SBI’s operations, Gumi noted.

XRP will thus take on “great significance” as a medium- to long-term growth asset, Gumi believes.

Gumi has also unveiled plans to launch a multi-billion yen crypto management fund in conjunction with SBI.

SBI: Aiming for Crypto ETF

SBI wants to launch an exchange-traded fund (ETF) that incorporates BTC, XRP, and other tokens. The firm is currently waiting on approval from Tokyo, which continues to deliberate on crypto ETF appoval.

Gumi has also said that it will look to manage its Bitcoin holdings by using staking protocols.

The company has also explained that it sees BTC and XRP as two separate pillars of its growth strategy.

XRP, it said, is a “network asset that is rooted in real financial demand.” Bitcoin, meanwhile, is a “globally universal asset,” Gumi believes.

Ethereum (ETH) climbed over 5% on Aug. 12 to a multi-year high above $4,500, marking its highest price since December 2021.

The increase coincided with corporate treasury purchases, record inflows into U.S. spot exchange-traded funds (ETFs), and growing expectations that the Federal Reserve will lower interest rates at its September policy meeting.

The latest price move followed the release of U.S. Consumer Price Index data showing annual inflation above the central bank’s 2% target but broadly in line with forecasts.

The figures prompted market participants to increase bets that the Fed will implement its first rate cut since 2020, easing borrowing conditions across financial markets.

Corporate accumulation

Bitmine Immersion Technologies disclosed plans to raise as much as $20 billion for additional Ethereum acquisitions. The company already holds about $5 billion in ETH, positioning it among the largest known corporate holders of the second-largest crypto.

Its heavy accumulation follows a broader trend of companies adopting digital assets in their treasury strategies, a movement that has gained pace as institutional access to crypto markets expands.

U.S.-listed spot Ethereum ETFs registered $1 billion in net inflows on Aug. 11, the highest daily total since their launch earlier this year. The inflows also surpassed those of spot Bitcoin ETFs for the second time in August.

Over the past month, Ethereum has strengthened against Bitcoin, with the ETH/BTC ratio rising nearly 50% to above 0.37, though it remains down 15% compared to a year ago.

Regulatory shifts and network activity

Ethereum’s share of the crypto market has been increasing in recent weeks after an extended period of underperformance relative to Bitcoin.

The network hosts a large share of activity in asset tokenization, DeFi, and blockchain-based settlement systems that mirror traditional market infrastructure. These uses have been supported by recent software upgrades aimed at improving scalability and reducing transaction costs.

Regulatory developments have also shaped the current environment. In the US, the passage of the GENIUS Act has provided greater clarity for certain digital asset activities, which has been cited as a factor in renewed institutional participation.

In parallel, other digital asset treasuries, including Sharplink, have increased ETH holdings, further adding to market demand. The combination of corporate accumulation, strong ETF inflows, and the potential for looser monetary policy has coincided with ETH’s highest price in nearly five years.

While previous rallies have often been followed by periods of heightened volatility, the current market environment reflects multiple overlapping drivers that have concentrated buying activity in the asset over recent weeks.

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Safe Shot (Shot) registered with NASDAQ has acquired 10% of revenue stakes in Bonk.Fun, one of Solana’s largest Memecoin Launchpads. As part of the transaction, SafetyShot will receive $25 million worth of bonks (bonks) from the Treasury, and will directly coordinate the public company with the growth of the platform.

According to Defillama, Bonk.Fun generated more than $35 million in user fees in July, overturning its rival pump.

The platform controls more than 80% of Solana’s daily new token launch market share, with over 20,000 tokens rolling out on peak days, with daily volumes exceeding $100 million.

As part of the transaction, SafetyShot will convert the preferred stock into common stock and reinvest approximately 90% of its bonk.fun revenues in the purchase of Bonk tokens. The company clears its debts and holds more than $15 million in cash.

According to Solscan, Bonk, the fourth-largest Memecoin with a market capitalization of $2 billion and an on-chain holder of 980,000, is integrated into over 400 Solana applications spanning Defi, gaming and consumer products.

Bonk.Fun is consistently ranked among the top 10 distributed applications worldwide in terms of revenue.

CEO Jarrett Boon said the integration is “not just buying cryptocurrency,” but also acquiring stakes in “a highly profitable engine” within digital assets.

This move illustrates the shift from a typical corporate strategy of simply retaining crypto on the balance sheet to a fairness-like exposure in revenue-generating assets. For Safe Shots, you’ll get a repeating revenue stream related to Bonk Ecosystem activity and price performance.

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As more investors look to enter the cryptocurrency market, two primary methods have emerged: purchasing coins directly from exchanges like Coinbase or Binance, or investing in publicly-traded companies that hold significant amounts of crypto on their balance sheets. 

According to a recent informative report by Fortune, the latter approach has garnered considerable attention and has become one of the hottest trades in the realm of digital assets.

160 Firms Hold Bitcoin On Their Balance Sheets

Currently, approximately 160 firms globally have added Bitcoin (BTC) to their balance sheets, with 90 of these companies based in the United States. Notable names such as Tesla, Block, and GameStop have joined the ranks, along with the Trump Media and Technology Group. 

This trend is puzzling to some analysts, as the rise in share prices of these firms often seems disproportionate to the value of the cryptocurrencies they hold.

The report highlights Strategy, previously MicroStrategy, a cybersecurity firm that shifted its focus entirely to Bitcoin under the leadership of its founder, Michael Saylor. 

The company’s decision to pivot away from its core business has proven lucrative, with Strategy now holding a Bitcoin stash valued at around $74 billion and a market capitalization of approximately $112 billion. 

Finance professor Mitchell Petersen from Northwestern University likens this phenomenon to the dot-com bubble of the early 2000s, when companies rebranded themselves by adding “dotcom” to their names, resulting in inflated stock prices. 

Petersen expresses skepticism towards the current trend, noting that while large corporations like Apple and Microsoft do invest their cash strategically, they typically do so by holding safe, liquid assets as part of a broader financial strategy. 

He questions the rationale behind many firms’ investments in Bitcoin, especially when such actions appear disconnected from their core business operations.

The Risks Of Public Companies Embracing Crypto

Although such strategies have been successful, the volatility of the cryptocurrency market still poses significant risks for companies that engage in this trend.

Experts warn that many firms may find themselves in precarious positions during market downturns, raising concerns about the sustainability of this approach. 

Darrell Duffie, a finance professor at Stanford University, argues that the current wave of public companies buying Bitcoin is more of a “meme effect” than a sound investment strategy. He contends that firms should focus on their core competencies rather than trying to replicate the speculative strategies of hedge funds.

While some firms, such as Strategy, demonstrate that it is possible to succeed with this approach, Duffie cautions that as more firms follow suit, the market will eventually correct itself. He predicts that this trend will fade, making way for the next investment fad.

Featured image from DALL-E, chart from TradingView.com 

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The cohort of publicly traded companies with holdings of at least 1,000 Bitcoin (BTC) has surged from 24 at the end of the first quarter to 35 as of July 25, representing a nearly 50% increase.

According to new figures released by Chris Kuiper, vice president of research at Fidelity Digital Assets, the growth pushes the group’s combined stash to almost 900,000 BTC, edging it toward the symbolic 1 million BTC mark.

The chart shows that after hitting a plateau in 2023, the number of heavyweight corporate holders began to accelerate late last year and has continued to rise. 

Distributed acquisitions

Kuiper argued that, in addition to the increase in companies, the pattern of buying also showed a significant change.

In the first quarter, companies acquired just under 100,000 Bitcoins. One firm dominated that flow, leaving other slices of the pie chart thin. 

By the second quarter, purchasing had climbed to more than 154,000 BTC, representing a 35% increase from the previous quarter. More importantly, the acquisitions were shared across a far broader set of treasuries. 

The second pie chart bristles with new slices, signalling that Bitcoin is no longer the preserve of a handful of balance‑sheet pioneers.

Rising demand

Aside from the Bitcoin acquisition by heavyweights, broad corporate adoption also increased this year.

In the first six months of 2025, public companies absorbed 245,510 BTC, more than double the 118,424 BTC created for spot exchange‑traded funds over the same stretch. 

That haul is a 375 % leap from the 51,653 BTC corporates picked up in the comparable 2024 period, while exchange-traded fund (ETF) demand plunged 56 % year‑over‑year after last year’s launch‑driven burst. 

Strategy still led the pack with 135,600 BTC, representing nearly 55% of the total, but its share has declined from 72%, indicating that buying has broadened beyond a single bellwether. 

Boards now purchase roughly 2.1 BTC for every ETF coin minted, framing Bitcoin less as a speculative punt and more as working capital or a reserve asset.

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In the span of just five days, corporate America and beyond made a big splash in the crypto market. Between July 14 and 19, 58 separate Bitcoin treasury updates appeared.

During that same stretch, Bitcoin’s price climbed to $123,000 as 21 companies quietly added roughly $810 million in BTC to their balance sheets.

Companies Bulk Up Bitcoin Reserves

According to reports, Michael Saylor’s Strategy topped the list by scooping up 4,225 BTC. Metaplanet followed with 797 BTC, while France’s Sequans tacked on 683 BTC.

The UK’s The Smarter Web Company chipped in 325 BTC. Smaller buys came from Semler Scientific (210 BTC), Australia’s DigitalX (167 BTC), and China’s Cango (almost 150 BTC). These purchases spanned firms in the US, Japan, France, Canada, Sweden and elsewhere.

Week 29 – #Bitcoin Treasury Strategy Updates

July 14-19 saw 58 announcements – ~7.7k BTC

– 4 new treasuries launched with 817 BTC
– 17 future treasuries announcements – BSTR could launch with ~44.2k BTC!
– 21 companies added 6,873 BTC
– 11 plans to buy more BTC, $47… pic.twitter.com/Q9J2l6FYB0

— NLNico (@btcNLNico) July 19, 2025

Some Buyers Step Into The Arena

Based on reports, four companies launched fresh Bitcoin treasury plans and parked a combined $99 million into BTC. Bullish’s IPO filing revealed a $92 million Bitcoin holding.

Satsuma Technology debuted with $3.37 million, BTC Digital put aside $1 million—about 8.5 BTC—and Active Energy quietly kicked off its treasury with under 1 BTC. In addition, five other disclosures covered things like mining deals and token swaps.

Fresh Treasury Plans Unveiled

Seventeen new corporate programs aim to add 44,200 BTC over the coming months. The Bitcoin Standard Treasury Company, led by Blockstream’s Adam Back, plans to hold roughly 30,000 BTC on its books.

Other big hitters include Volcon, which set a $500 million Bitcoin strategy, and Click Holdings, mapping out a $100 million fund split between BTC and SUI. OFA Group also flagged a $100 million equity reserve, and Cycurion lined up $10 million for a crypto treasury plan.

Funds Secured For Future Buys

Eleven funding drives have already locked in about $47 million toward future BTC purchases. The Smarter Web Company raised $23.5 million. Belgravia Hartford pulled in $9.7 million. The Blockchain Group collected $7 million. Meanwhile, H100 Group, Vaultz Capital and LQWD each announced multi‑million-dollar rounds aimed at snagging more Bitcoin.

At the time of writing, Bitcoin was trading at $117,995, down 0.2% in the last 24 hours, data from CoinMarketCap shows.

Featured image from Unsplash, chart from TradingView

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An analyst from one of the largest asset managers in crypto is outlining the key drivers behind Bitcoin’s (BTC) historic bull run.

Matthew Sigel, the head of digital assets research at VanEck, says on the social media platform X that BTC is now up 30% year-to-date, outpacing gold (+27%), the MSCI ACWI (+11%) and the S&P 500 (+7%).

“This rally reflects deepening institutional engagement, favorable macro conditions, and emerging policy clarity.”

Sigel notes that corporate treasuries are driving net demand, having bought more than 300,000 BTC this year, more than double the amount absorbed by spot Bitcoin exchange-traded funds (ETFs).

“MicroStrategy and MetaPlanet remain the largest accumulators, but a surge in shells, reverse mergers, and SPACs (special purpose acquisition companies), often backed by global investment banks, has fueled fresh capital formation in the sector. This dynamic marks a shift. Bitcoin is moving from speculative trading desks to strategic balance sheets.”

The digital assets researcher also notes that Bitcoin volatility dropped to around 23% in early July, one of the lowest levels in a decade.

“Lower volatility is making Bitcoin easier to size within institutional portfolios, particularly for allocators focused on Sharpe ratios and downside risk.”

Sigel says spot Bitcoin ETFs have picked up and brought in $3.7 billion in net inflows so far this month, with year-to-date inflows hovering around $16 billion.

“Participation is growing across retail, RIAs (registered investment advisors) and wirehouse platforms such as Morgan Stanley and Merrill Lynch, reflecting broader institutional acceptance.”

The researcher also points to “policy tailwinds” in Washington, DC.

“Crypto Week began July 15th, with three key bills under review: the GENIUS Act (stablecoins), the CLARITY Act (market structure), and the Anti-CBDC Act. Polymarket odds place an 89% probability on passage of the GENIUS Act this year, signaling bipartisan appetite to legitimize fiat-backed stablecoins and potentially unlock a wave of new issuance and payment infrastructure.”

Sigel says the potential for two interest rate cuts from the U.S. Federal Reserve later this year could support flows into Bitcoin and gold.

He also notes miners continue to remain net holders following the April 2024 BTC halving, with their balances recently reaching a 12-month high.

“Only approximately 5.2% of Bitcoin supply has moved in the last 30 days, according to IntoTheBlock, indicating strong holder conviction and reduced available float.”

BTC is trading at $116,524 at time of writing and is down more than 3% in the past 24 hours.

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The appetite for Bitcoin is palpable, at least in the corporate treasury halls. More companies are joining the bandwagon. proof of the crypto’s appeal and status as a safe haven asset.

In early July, corporate Bitcoin buys surged as 54 companies revealed new treasury plans or purchases. Altogether, more than 8,400 BTC—roughly $500 million at current prices—flowed into company coffers.

Both nimble startups and established names joined the rush, underlining a rapid shift toward digital assets in corporate finance.

Major Deals Shake Up The Market

Figma surprised investors by filing an S‑1 that showed nearly $70 million Bitcoin acquisition—about 843 BTC. Cel AI and Opyl Limited each made their first entries, while Hyper Bit added more to its holdings.

Meanwhile, a dozen businesses, including two gold‑sector companies, outlined future crypto allocations. Amber International raised nearly $26 million via private placement for its BTC strategy, and a consortium eyeing a DV8 takeover plans to weave Bitcoin into its new treasury framework.

Week 27 – #Bitcoin Treasury Strategy Updates

June 30-July 4 saw 54 announcements – 8.4k BTC!

– 4 new treasuries, Figma with ~843 BTC as nice surprise
– 12 future treasuries announcements, including 2 Gold-related companies
– 18 companies added bitcoin, totaling… pic.twitter.com/2qiOfROS2C

— NLNico (@btcNLNico) July 5, 2025

Steady Purchases And Bold Plans

Some 18 firms actually added coins, contributing 7,591 BTC. Blue Star Capital arranged a $1.7 million fundraise to gain indirect BTC exposure, and Metavesco launched its inaugural formal treasury program. Sweden’s Fragbite Group topped up with around $530,000 worth of BTC.

Hamak Gold (LSE: HAMA) launches a Bitcoin Treasury Management strategy, alongside gold exploration.
Dual asset focus: Gold + Bitcoin
LSE Main Market governance
Gulf investment backinghttps://t.co/gspz837gWT

— Hamak Gold (@GoldHamak) July 3, 2025

Gold mining company Hamak Gold reserved proceeds from its $3.4 million capital raising to use to buy BTC in the future. Across heavyweights and niche participants, the range of activity demonstrates diverse but increasing confidence to own crypto long term.

Companies Signal Continued Growth

Beyond immediate purchases, 14 companies signalled plans to keep growing their Bitcoin reserves. Food‑service operator DDC Enterprise stunned the market by securing almost $530 million in new financing, with part of the funds earmarked for BTC.

Publicly declaring these intentions helps firms reassure investors that crypto won’t be a fleeting experiment.

Additional announcements—from policy tweaks to internal guideline updates—brought the total to six more disclosures. That transparency can calm concerns over volatility, custody risks, and accounting treatment.

This wave of activity makes clear that crypto has moved well past niche appeal. While price swings remain a factor and custody logistics must be nailed down, more companies see Bitcoin as a practical store of value.

With startups and blue‑chip firms alike laying plans and making purchases, Bitcoin’s role in corporate treasuries looks set to deepen.

Featured image from Meta, chart from TradingView

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From Michael Saylor to David Bailey, Anthony Pompliano to Jack Mallers, and everyone in between, there’s a rising tide of executives buying bitcoin for their corporate treasuries. Large companies and Wall Street are vacuuming up billions of dollars’ worth of BTC every week, yet its price remains relatively untouched. One Bitcoiner took to Twitter to ask why and received more than 1.3K replies. Here’s the best:

“Can anyone explain to me why companies are buying billions of dollars of bitcoin every week and the price is virtually unchanged over the last 6 months?”

Bitcoin Cam’s question clearly reflects the broader sentiment of Crypto Twitter, receiving over 800,000 views in a few hours and more than 1,300 replies. Even Bitcoin skeptic Peter Schiff chimed in with his 2 cents:

“The whales who already own a bunch of Bitcoin are selling to these buyers to cash out their huge gains.”

But the best reply came from SightBringer, who provides signal-bearing intelligence across macro, crypto, and capital. He said:

“They’re buying billions and the price isn’t moving because this isn’t a market anymore – it’s a controlled ignition chamber.”

Then he broke it down point by point:

1. ETF flows are real. Sovereigns and institutions are accumulating cold bitcoin.

Basically, large investors like BlackRock and Fidelity are buying real bitcoin through special funds called ETFs. This isn’t just pretend money; these are actual coins being tucked away for the long term.

In 2025, public companies bought a record number of bitcoins, and these ETFs are seeing billions in new money come in. The coins are being taken off exchanges, so fewer are left for everyone else to buy or sell.

2. Exchange liquidity is fake. Most trading happens on fractional reserves of “paper bitcoin” – IOUs, not actual coins.

Here, SightBringer explains that most trading on big crypto exchanges doesn’t actually move real coins. Instead, it’s just “paper bitcoin” (IOUs or promises to deliver bitcoin later).

This means there’s a lot of trading, but not much real bitcoin changing hands. If everyone tried to take their coins out at once, things could get messy (think Silicon Valley Bank (SVB) in 2023). This makes the market seem bigger than it really is.

3. Whales are rotating old supply out silently. Early miners and OTC wallets are feeding demand without triggering price – precisely to keep it low during transition.

Echoing Schiff’s reply, in point 3, SightBringer means that large holders, known as whales, aren’t selling their old coins on the open market. Instead, they’re selling quietly to new buyers or moving coins to private wallets.

This keeps the price from jumping around. In April alone, Glassnode revealed that whales had absorbed more than 300% of the newly mined bitcoin supply, drastically reducing the coins available to everyone else.

4. Volatility is being suppressed. BlackRock, Fidelity, and macro funds need price stability to finalize compliance, settlement rails, and balance sheet integration.

Big companies and funds don’t like wild price swings. They need stable prices to make sure everything works smoothly. BlackRock and others are even saying bitcoin is less volatile than before, which is good for them, as the asset becomes more credible to investors.

5. The real breakout is being delayed by design. Because once this thing moves, it won’t come back. It becomes untouchable.

SightBringer maintains that the market is being manipulated, with the BTC price being held back on purpose. When it finally breaks out, it could go exponentially higher, and it might not come back down. That’s why the big players are getting ready now, so they’re in the best position when the real move happens.

“The real question isn’t “why isn’t it moving?” It’s: Who’s making sure it doesn’t and why?”

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