holdings – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Wed, 10 Sep 2025 09:42:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.10 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 holdings – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 SOL Strategies Now Trading on Nasdaq as STKE with $94M Solana Treasury Holdings – SOL Breakout Next? https://earlybirdsinvest.com/sol-strategies-now-trading-on-nasdaq-as-stke-with-94m-solana-treasury-holdings-sol-breakout-next/ https://earlybirdsinvest.com/sol-strategies-now-trading-on-nasdaq-as-stke-with-94m-solana-treasury-holdings-sol-breakout-next/#respond Wed, 10 Sep 2025 09:42:09 +0000 https://earlybirdsinvest.com/sol-strategies-now-trading-on-nasdaq-as-stke-with-94m-solana-treasury-holdings-sol-breakout-next/

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Anas Hassan

Crypto Journalist

Anas Hassan

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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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SOL Strategies commenced trading on Nasdaq Global Select Market under the ticker STKE with $94 million in Solana treasury holdings.

The Canadian firm becomes the first Solana-focused public company to achieve a U.S. listing and maintains dual listings on CSE under the symbol HODL.

The Nasdaq debut follows months of preparation, including a one-for-eight share consolidation, reducing outstanding shares from 176 million to 22 million to meet exchange requirements.

Virtual Bell Ceremony Bridges Traditional Finance with Blockchain

SOL Strategies hosted an innovative on-chain bell ringing ceremony at stke.community, allowing participants to memorialize their participation through permanent Solana blockchain transaction memos.

The celebration included live X Spaces discussions featuring industry partners and company leadership.

The company operates as a “foreign private issuer” under SEC rules, exempting it from certain U.S. regulatory requirements, including proxy solicitation rules and Section 16 filings.

This status allows continued operation under Canadian governance standards without requiring a majority of independent directors.

Current capital structure includes 22 million common shares outstanding, 12 million warrants, and 5.3 million stock options following the consolidation.

The firm rebranded from Cypherpunk Holdings in September 2024, shifting focus entirely to Solana blockchain infrastructure and investment.

Now, SOL Strategies manages 3.62 million SOL under delegation, including 402,623 SOL from its treasury, valued at C$111.7 million.

Record participation includes 8,812 unique wallets staking with the firm, and Cathie Wood’s ARK Invest moving 3.6 million SOL worth approximately C$888 million to SOL Strategies infrastructure in July.

Institutional Solana Treasury Arms Race Accelerates

SOL Strategies faces increasing competition as institutions race to build massive Solana treasuries.

Forward Industries announced a $1.65 billion private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital to establish a digital asset treasury strategy centered on Solana.

Kyle Samani from Multicoin Capital will become Forward Industries Chairman following transaction completion.

Galaxy Digital contributes institutional infrastructure, including trading, lending, and staking services, while Jump Crypto provides technical expertise through initiatives like the Firedancer validator client.

DeFi Development Corporation holds 1.27 million SOL valued at $248 million after raising $122.5 million in debt financing led by Cantor Fitzgerald. The firm added nearly 292,000 SOL in recent months.

Upexi remains the largest corporate holder with over 2 million SOL worth approximately $444 million, according to CoinGecko.

SOL Strategies Now Trading on Nasdaq as STKE with $94M Solana Treasury Holdings – SOL Breakout Next?

Just today, QMMM Holdings reported a 1,736% stock increase after announcing plans to build $100 million crypto treasury targeting Bitcoin, Ethereum, and Solana.

The Hong Kong-based digital media firm’s “crypto-autonomous ecosystem” combines artificial intelligence with blockchain technology.

The five largest institutional holders now control over 3.7 million SOL worth $726 million, with institutional ownership representing approximately 1.55% of the total circulating supply.

Technical Analysis Points to Imminent Breakout

SOL currently trades at $216.24 within a well-defined ascending channel that has guided its advance from $152 to current levels.

Multiple horizontal resistance levels are marked at $185.78, $204.58, $209.79, $218.60, with projected targets at $245.06.

SOL Strategies Now Trading on Nasdaq as STKE with $94M Solana Treasury Holdings – SOL Breakout Next?

The 4-hour chart shows SOL positioned just below $218.60 resistance, testing a key breakout level following recent progress through multiple resistance zones.

The ascending trendline provides critical support around $210-212, maintaining the bullish channel structure.

Stage Theory analysis indicates SOL remains in “Stage 2 Uptrend” following an extended “Stage 1 Basing” period.

The Phantom indicator shows bullish readings despite recent consolidation, suggesting underlying momentum remains positive for continued advances.

Weekly charts confirm SOL’s position well above the 200-day moving average at $158.43, validating long-term uptrend integrity.

Notably, some analysts have discovered a”slow grind higher” pattern that shows consistent respect for ascending trendline support, indicating institutional accumulation providing floors during weakness.

This steady advance with minimal volatility often precedes explosive moves as resistance levels are overcome.

Based on technical evidence across multiple timeframes, SOL appears positioned for continued bullish momentum toward the $245 target.

The immediate focus centers on breaking decisively above $218.60 resistance, which would likely trigger momentum-based buying toward measured move objectives with support maintained around the $210 – $212 ascending trendline.


]]> https://earlybirdsinvest.com/sol-strategies-now-trading-on-nasdaq-as-stke-with-94m-solana-treasury-holdings-sol-breakout-next/feed/ 0 57699 Bitcoin Holdings By Public Firms Cross 1 Million BTC As Asset Gains Traction https://earlybirdsinvest.com/bitcoin-holdings-by-public-firms-cross-1-million-btc-as-asset-gains-traction/ https://earlybirdsinvest.com/bitcoin-holdings-by-public-firms-cross-1-million-btc-as-asset-gains-traction/#respond Fri, 05 Sep 2025 07:39:52 +0000 https://earlybirdsinvest.com/bitcoin-holdings-by-public-firms-cross-1-million-btc-as-asset-gains-traction/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to the latest data from BitcoinTreasuries, the total amount of Bitcoin (BTC) held by public firms recently surpassed the one million mark, underscoring the rapid pace of adoption of the digital asset worldwide.

Bitcoin Adoption Shows No Signs Of Slowing

While corporate adoption of Bitcoin is not a novel practice, the trend gained significant momentum following US President Donald Trump’s victory in the November 2024 elections. Since then, several firms have unveiled BTC corporate treasury strategies.

Michael Saylor-led Strategy – formerly MicroStrategy – continues to be the undisputed leader of the trend, having some 636,000 BTC on its balance sheet at the time of writing. However, other companies like Metaplanet, Semler Scientific, and MARA Holdings have been busy increasing their BTC exposure over the past ten months.

Commenting on the development, BitcoinTreasuries President Pete Rizzo said that despite the total amount of BTC crossing one million, multiple indicators still show that institutional adoption of the digital asset is still in its infancy.

Rizzo referred to the fact that most companies have only recently started to accumulate BTC for the long haul. As a result, a major chunk of the capital raised by such firms remains yet to be deployed for BTC purchases.

Bradley Duke, Head of Europe at Bitwise, commented on the milestone saying that the total value of BTC locked in corporate treasuries is now worth more than $111 billion. He added:

The structural imbalance between BTC supply and demand is real and getting more pronounced.

Data from BitcoinTreasuries shows that currently, more than 100 companies hold BTC on their balance sheets. However, if recent developments are to go by, the corporate adoption of digital assets does not seem to be limited to BTC.

Recently, a number of companies have announced plans to adopt Ethereum (ETH) as part of their corporate treasury strategy. While ETH does not have a hard supply cap of 21 million like BTC, it does offer multiple use-cases and the Proof-of-Stake (PoS) consensus mechanism which helps in reducing the active circulating supply of ETH.

Will Companies Pivot To ETH?

At present, BTC commands a total market cap of over $2 trillion, compared to Ethereum’s $518 billion market cap. Although there’s still a difference of almost $1.5 trillion, ETH is quickly closing in the gap.

For instance, asset manager VanEck CEO, Jan van Eck, recently called ETH the “Wall Street token,” saying that Ethereum’s role in facilitating stablecoin transactions will likely help it give strong competition to BTC.

Recent exchange-traded funds (ETF) data also supports the quiet institutional rotation from BTC to ETH, as ETH ETFs saw almost $4 billion in inflows during August 2025. At press time, BTC trades at $109,403, down 2.2% in the past 24 hours.

bitcoin
Bitcoin trades at $109,403 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash.com, chart from and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

]]> https://earlybirdsinvest.com/bitcoin-holdings-by-public-firms-cross-1-million-btc-as-asset-gains-traction/feed/ 0 56850 Ethereum Whales Boost Holdings by 14% in 5 Months as Price Targets $4,500 https://earlybirdsinvest.com/ethereum-whales-boost-holdings-by-14-in-5-months-as-price-targets-4500/ https://earlybirdsinvest.com/ethereum-whales-boost-holdings-by-14-in-5-months-as-price-targets-4500/#respond Fri, 05 Sep 2025 03:35:14 +0000 https://earlybirdsinvest.com/ethereum-whales-boost-holdings-by-14-in-5-months-as-price-targets-4500/

After a strong rally last month that catapulted Ethereum to a fresh all-time high near $5,000, the altcoin suffered a choppy price action.

However, Ethereum is making a push to reclaim the crucial $4,500 level, as deep-pocketed ETH whales quietly load up in the background.

Whale Buying Spree

Ethereum is seeing steady accumulation from mid-sized whales and sharks holding 1,000-100,000 ETH.

Over the past five months alone, these influential investors have boosted their holdings by 14%, amidst growing confidence, according to the latest data shared by Santiment. This trend started when ETH was trading near yearly lows of around $1,800-$1,400.

Such a pattern can provide strong support for the altcoin’s ongoing price momentum. Beyond these mid-sized wallets, Altcoin Vector zooms in on specific whale cohorts and found that the buying activity from these hodlers also aligns with ETH’s broader price impulse.

Its data revealed that Ethereum is breaking free from the bearish compression that has weighed on its price, but a decisive push beyond $5,000 depends on renewed whale accumulation. Their analysis highlights that between mid-July and August, mega whales holding at least 10,000 ETH, followed by large whales with 1,000-10,000 ETH, significantly increased their holdings.

Interestingly, these periods of accumulation coincided with the development of Ethereum’s aggregate impulse, which points to the influence of strong hands on price momentum. For ETH to clear the all-time-high zone without stalling, a similar wave of conviction-driven accumulation is essential. While there is visible spot demand for Ethereum, derivatives-led speculation has played a larger role in moving the price recently.

However, a breakout above resistance could change this, and boost spot-driven confidence to spark the next strong impulse. If such momentum materializes, Ethereum may finally overcome prior highs and establish itself firmly above the $5,000 threshold.

500,000 ETH Leaves Exchanges

The popular crypto analyst Ali Martinez reported that 500,000 ETH, worth around $2.1 billion, was withdrawn from centralized exchanges over the past week.

Large-scale outflows like these are often interpreted as investors moving assets into self-custody, which can lower selling pressure on exchanges at a time when the asset is attempting to reclaim key resistance levels.

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]]> https://earlybirdsinvest.com/ethereum-whales-boost-holdings-by-14-in-5-months-as-price-targets-4500/feed/ 0 56832 Bitcoin whale holdings dwindle to lowest levels since 2018 amid significant profit-taking https://earlybirdsinvest.com/bitcoin-whale-holdings-dwindle-to-lowest-levels-since-2018-amid-significant-profit-taking/ https://earlybirdsinvest.com/bitcoin-whale-holdings-dwindle-to-lowest-levels-since-2018-amid-significant-profit-taking/#respond Thu, 04 Sep 2025 08:57:48 +0000 https://earlybirdsinvest.com/bitcoin-whale-holdings-dwindle-to-lowest-levels-since-2018-amid-significant-profit-taking/

Bitcoin’s largest investors are steadily reducing their exposure, with data showing a direct link to profit-taking during the recent rally.

Glassnode reported on Sept. 3 that wallets holding between 100 and 10,000 BTC now average just 488 BTC—the lowest level since December 2018.

Bitcoin Supply Per Whales
Bitcoin Supply Per Whales (Source: Glassnode)

According to the firm, this decline marks a continuation of a trend that began in November 2024.

The shrinking balances coincide with renewed activity from dormant wallets, suggesting whales are realizing gains as prices top $100,000.

Checkonchain data shows that long-term Bitcoin holders realized between $3 billion and $4 billion during the market highs in January and July this year.

Bitcoon Realized Value by Age
Bitcoon Realized Value by Age (Source: CheckOnChain)

These sales show that this cohort aggressively converted their paper gains into realized profits, which directly contributed to the fall in average whale holdings.

Despite the renewed selling pressure, Bitcoin continues to trade near $110,000, showing that market demand remains strong enough to absorb the whales profit-taking.

]]> https://earlybirdsinvest.com/bitcoin-whale-holdings-dwindle-to-lowest-levels-since-2018-amid-significant-profit-taking/feed/ 0 56689 Joe Lubin's SharpLink Boosts ETH Holdings to Nearly 800K, Raised $361M in Fresh Capital https://earlybirdsinvest.com/joe-lubins-sharplink-boosts-eth-holdings-to-nearly-800k-raised-361m-in-fresh-capital/ https://earlybirdsinvest.com/joe-lubins-sharplink-boosts-eth-holdings-to-nearly-800k-raised-361m-in-fresh-capital/#respond Tue, 26 Aug 2025 15:01:33 +0000 https://earlybirdsinvest.com/joe-lubins-sharplink-boosts-eth-holdings-to-nearly-800k-raised-361m-in-fresh-capital/

SharpLink Gaming (SBET), the Nasdaq-listed digital asset treasury firm led by Ethereum co-founder Joe Lubin, added 56,533 ether (ETH) to its balance sheet last week, lifting its total holdings to almost 800,000 ETH worth about $3.6 billion.

The purchases, made between Aug. 18 and Aug. 24, averaged $4,462 per ETH, according to a Tuesday press release. SharpLink also reported staking rewards had risen to 1,799 ETH since the firm launched its treasury strategy in June.

The Minneapolis-based company also disclosed in the update that it raised $360.9 million in net proceeds last week through its at-the-market (ATM) share issuance program. There’s about $200 million in cash still available for further ETH acquisitions, the firm said.

SBET rose 1.1% in the early minutes of the session.

Ether treasury firms are on a buying spree, scooping up 2.6% of the asset’s supply over the past few months, according to a Standard Chartered report, and pushing ETH’s price to a fresh record. BitMine Immersion Technologies (BMNR), led by Fundstrat’s Tom Lee, is leading the pack by accumulating nearly 1.7 million ETH, followed by SharpLink’s 800,000 tokens.

Along with the recent pullback in crypto prices, digital asset treasury stocks also declined. Last week, SharpLink approved a $1.5 billion stock buyback program in case the stock falls to or below the underlying net asset value.

Geoff Kendrick, head of research at global bank Standard Chartered, said that ether and ETH-focused treasury firms are undervalued following the sell-off, reiterating a $7,500 year-end price target for ETH.

Read more: Ether and ETH Treasury Companies Look Undervalued After Plunge: Standard Chartered

]]> https://earlybirdsinvest.com/joe-lubins-sharplink-boosts-eth-holdings-to-nearly-800k-raised-361m-in-fresh-capital/feed/ 0 55220 Japan’s SBI Holdings will take part in a tokenized stock push in Startale’s joint venture https://earlybirdsinvest.com/japans-sbi-holdings-will-take-part-in-a-tokenized-stock-push-in-startales-joint-venture/ https://earlybirdsinvest.com/japans-sbi-holdings-will-take-part-in-a-tokenized-stock-push-in-startales-joint-venture/#respond Fri, 22 Aug 2025 05:08:42 +0000 https://earlybirdsinvest.com/japans-sbi-holdings-will-take-part-in-a-tokenized-stock-push-in-startales-joint-venture/

Japanese financial giant SBI Holdings is moving into a red-hot tokenized stock market through a joint venture with Singapore-based blockchain developer Startale.

The company plans to build an on-chain platform designed to trade tokenized stocks and real-world assets (RWAS)they announced on Friday.

This step will allow SBI to increase the roster of key players experimenting with tokenized inventory. Gemini, a number of crypto exchanges, including Robinhood and Kraken, has begun offering blockchain-based versions of publicly traded stocks.

SBI oversees over 11 trillion yen ($74 billion) With over 65 million customers across assets worldwide, asset tokenization is considered a major change in the global market.

“We expect this movement to lead to a rewarding digitalization of the capital market itself,” Yoshida Kitabe, president and CEO of SBI Holdings, said in a statement.

According to a press release, the joint venture focuses on 24/7 trading in US and Japanese stocks with a close instant settlement. Features are expected to include fractional ownership, facility-grade custody, and real-time compliance monitoring.

“The platform is highly interoperable, always open, accessible to everyone, and designed to meet the needs of users around the world in the global market,” Yoshita Kaitao said.

Startale previously developed Soneium, the Ethereum Layer-2 network, along with Japanese technology giant Sony.

Read more: DBS launches tokenized structured notes about Ethereum to increase investor access

]]> https://earlybirdsinvest.com/japans-sbi-holdings-will-take-part-in-a-tokenized-stock-push-in-startales-joint-venture/feed/ 0 54489 Strategy and Metaplanet Bitcoin acquisitions lift their holdings to 3.1% of supply https://earlybirdsinvest.com/strategy-and-metaplanet-bitcoin-acquisitions-lift-their-holdings-to-3-1-of-supply/ https://earlybirdsinvest.com/strategy-and-metaplanet-bitcoin-acquisitions-lift-their-holdings-to-3-1-of-supply/#respond Mon, 18 Aug 2025 21:20:57 +0000 https://earlybirdsinvest.com/strategy-and-metaplanet-bitcoin-acquisitions-lift-their-holdings-to-3-1-of-supply/

Strategy and Metaplanet expanded their Bitcoin (BTC) holdings on Aug. 18, lifting their combined ownership to nearly 3.1% of the total circulating supply. 

The acquisitions highlighted the role of corporate treasuries in tightening available Bitcoin liquidity as institutions continue building exposure.

Growing the stash

Strategy Chairman Michael Saylor announced the firm’s latest purchase of 430 BTC in an Aug. 18 post on social media. The acquisition was worth nearly $51.4 million at an approximate price of $119,666 per Bitcoin and has a BTC Yield of 25.1% this year.

With the latest addition, Strategy now holds 629,376 BTC, representing nearly 3% of Bitcoin’s total supply. 

The company invested over $46 billion with the average price per BTC at $73,320, resulting in an unrealized profit of over $27 billion as Bitcoin is priced at $116,535 as of press time.

Metaplanet reported purchasing 775 BTC at an average price of ¥17.72 million per coin ($119,853), totaling ¥13.73 billion in expenditures ($92.8 million).

Following the acquisition, Metaplanet now holds 18,888 BTC acquired at a blended average of ¥15.04 million each ($101,726), with a cumulative investment of ¥284.1 billion ($1.9 billion).

Metaplanet has accelerated its Bitcoin treasury operations throughout 2025, more than quadrupling holdings since March.

Together, Strategy and Metaplanet now command nearly 3.1% of circulating Bitcoin, a concentration that highlights the increasing role of listed corporations in the asset’s distribution.

Both companies rely on capital markets to fund their treasuries, amplifying the interplay between equity valuations and Bitcoin accumulation. As these programs expand, the balance between shareholder dilution and treasury accretion will remain under close investor watch.

Strategy updates accumulation policy

Strategy’s acquisitions have drawn renewed scrutiny following its Aug.18 equity guidance update. 

The company now categorizes issuance plans based on multiples of net asset value (mNAV), stating it will actively issue stock to buy Bitcoin when trading above 4.0x mNAV, and opportunistically issue between 2.5x and 4.0x. 

Below 2.5x, issuances are limited to debt servicing and dividends, while sub-1.0x levels may trigger buybacks using credit. 

This framework differs from guidance released less than one month earlier, which outlined stricter limits on equity issuance below 2.5x mNAV. 

Mentioned in this article
]]> https://earlybirdsinvest.com/strategy-and-metaplanet-bitcoin-acquisitions-lift-their-holdings-to-3-1-of-supply/feed/ 0 53895 Adam Back’s $2.1B Bitcoin Treasury Play Set to Challenge MARA in BTC Holdings https://earlybirdsinvest.com/adam-backs-2-1b-bitcoin-treasury-play-set-to-challenge-mara-in-btc-holdings/ https://earlybirdsinvest.com/adam-backs-2-1b-bitcoin-treasury-play-set-to-challenge-mara-in-btc-holdings/#respond Sun, 17 Aug 2025 06:06:51 +0000 https://earlybirdsinvest.com/adam-backs-2-1b-bitcoin-treasury-play-set-to-challenge-mara-in-btc-holdings/

Bitcoin Standard Treasury Co. (BSTR), a bitcoin

treasury vehicle led by cryptography pioneer Adam Back, sees itself as a company with a mission to accelerate real-world bitcoin adoption.

But it might be setting out on another milestone: becoming one of the biggest corporate bitcoin holders.

The company, which is preparing to go public on Nasdaq by merging with Cantor Equity Partners (CEPO), already has 30,021 BTC on its balance sheet, with plans to grow its stack beyond 50,000 coins.

This will set it on the path of potentially overtaking MARA Holdings (MARA) as the second-largest corporate holder of BTC behind Strategy. MARA has more than 50,600 BTC, according to bitcointreasuries.net. Strategy has just under 629,000.

Currently, MSTR, MARA, and BSTR collectively hold roughly 710,000 bitcoin, which represents about 3.38% of bitcoin’s fixed supply of 21 million.

‘Liquidity, security, and scale’

Unlike some corporate treasuries that sit on bitcoin passively, BSTR intends to use techniques that include selling puts to accumulate BTC at lower prices, using bitcoin-backed revolvers and placing collateral with regulated tri-party custodians.

“We’re not interested in chasing DeFi yield or taking on counterparty risk we can’t manage. This is about liquidity, security, and scale,” Back said exclusively with CoinDesk. “Bitcoin was created as sound money and BSTR is being created to bring that same integrity to modern capital markets.”

The SPAC deal with Cantor combines, for the first time, traditional Wall Street financing with a bitcoin-denominated private placement of equity (PIPE).

In addition to 25,000 BTC contributed by the company’s founders, another 5,021 BTC will be raised from the bitcoin community.

The company is also raising up to $1.5 billion in fiat financing, the largest PIPE ever announced alongside a bitcoin treasury SPAC merger.

  • $400 million in common equity at $10 per share.
  • Up to $750 million in convertible senior notes (30% conversion premium, $13 per share).
  • Up to $350 million in convertible preferred stock with a 7% dividend and a $13 per share equivalent conversion price.

CEPO could add up to $200 million from its trust, subject to redemptions.

“By securing both fiat and bitcoin funding on day one, we are putting unprecedented firepower behind a single mission: maximizing bitcoin ownership per share while accelerating real-world bitcoin adoption,” Back said.

A first for bitcoin treasuries

The in-kind PIPE allows investors to deliver BTC at closing and potentially capture upside before settlement. Back said the approach was designed to appeal to both crypto-native players and traditional managers seeking exposure without waiting for post-close market buys.

The firm’s CIO Sean Bill, who previously helped a U.S. pension fund make one of the first institutional allocations to BTC, said the strategy resonated with traditional investors. “We’re building the Berkshire Hathaway (BRK) of Bitcoin, an actively managed Treasury that will pursue yield and alpha strategies, and strategic acquisitions within the Bitcoin ecosystem”.

“We’re flipping the script on Wall Street as we seek to fuse Bitcoin into Finance and Capital Markets, unlike other Treasury companies we’re not coming to Wall Street seeking fiat currency to buy Bitcoin, we’re showing up with a 25,000 Bitcoin commitment and more importantly we issued the first ever Bitcoin in kind Equity PIPE in the United States, raising another 5,021 Bitcoins from OG Bitcoiners. We’re brining the Bitcoin to Wall Street. We believe that the future of finance runs on Bitcoin”,” Bill told CoinDesk exclusively.

Bridging bitcoin and Wall Street

The leadership team sees BSTR as a bridge between the bitcoin ecosystem and institutional capital markets.

“We’re bringing the traders, we’re bringing the bitcoiners to Wall Street,” Back said, noting the potential for the U.S. market’s liquidity to amplify the success of bitcoin-denominated convertibles that have already gained traction in Europe.

The deal is expected to close in the fourth quarter, with the company trading under the reserved ticker BSTR. If the raise is fully subscribed, the launch could set a new scale record for corporate bitcoin treasuries and offer a template for others looking to merge sound money with modern market instruments.

]]> https://earlybirdsinvest.com/adam-backs-2-1b-bitcoin-treasury-play-set-to-challenge-mara-in-btc-holdings/feed/ 0 53610 BitMine becomes the first company to surpass 1M ETH holdings worth over $5B https://earlybirdsinvest.com/bitmine-becomes-the-first-company-to-surpass-1m-eth-holdings-worth-over-5b/ https://earlybirdsinvest.com/bitmine-becomes-the-first-company-to-surpass-1m-eth-holdings-worth-over-5b/#respond Sat, 16 Aug 2025 03:56:10 +0000 https://earlybirdsinvest.com/bitmine-becomes-the-first-company-to-surpass-1m-eth-holdings-worth-over-5b/

BitMine has become the first corporate treasury to surpass 1 million Ethereum (ETH) in holdings after its stash climbed to 1.17 million ETH on Aug. 15, valued at over $5 billion.

The firm added 317,126 tokens worth approximately $2 billion in a single week. BitMine chairman Tom Lee said on August 4 that the firm intends to move with “lightning speed” in its pursuit to acquire 5% of ETH’s total supply.

Notably, the company launched its treasury strategy on June 30, growing from zero to over 1 million ETH in a little over a month.

Treasury competition accelerates

BitMine now leads the Ethereum treasury sector, surpassing SharpLink Gaming’s 728,804 ETH holdings. 

SharpLink reported on August 15 that it raised over $2.6 billion in capital for ETH acquisitions and has staked nearly 100% of its holdings, generating cumulative rewards of approximately 1,326 ETH.

Data from the Strategic ETH Reserve lists 71 ETH-focused treasury firms collectively holding 3.7 million ETH valued at $16.3 billion, representing 3.06% of the total supply. 

These companies indicate plans to allocate roughly $27 billion toward additional ETH acquisitions, which could push corporate holdings to 10% of total supply.

BitMine filed an amendment to expand its at-the-market equity program by $20 billion to fund continued acquisitions. 

The aggressive strategy has driven significant stock performance, with shares surging up to over 1,100% and an average daily trading volume of $2.2 billion, ranking it 25th among all US-listed stocks.

Institutional adoption context

The rapid accumulation could be a sign of growing institutional recognition of Ethereum as foundational infrastructure for future financial systems. 

The corporate broad view could align with BitMine’s understanding that staking ETH secures the network and generates yield while aligning firms with Ethereum’s long-term success. 

On July 21, Cathie Wood’s Ark Invest shifted approximately $175 million from traditional crypto stocks like Coinbase and Robinhood into BitMine. The move demonstrates institutional confidence in Ethereum treasury strategies. 

BitMine’s achievement positions it as the third-largest crypto treasury globally behind Bitcoin-focused Strategy and MARA Holdings.

Mentioned in this article
]]> https://earlybirdsinvest.com/bitmine-becomes-the-first-company-to-surpass-1m-eth-holdings-worth-over-5b/feed/ 0 53431 Shiba Inu Sees 40% Spike in Whale Activity, Coinbase XRP Holdings Continue to Decline, 100% Ethereum Holders in Profit — Crypto News Digest https://earlybirdsinvest.com/shiba-inu-sees-40-spike-in-whale-activity-coinbase-xrp-holdings-continue-to-decline-100-ethereum-holders-in-profit-crypto-news-digest/ https://earlybirdsinvest.com/shiba-inu-sees-40-spike-in-whale-activity-coinbase-xrp-holdings-continue-to-decline-100-ethereum-holders-in-profit-crypto-news-digest/#respond Fri, 15 Aug 2025 23:00:03 +0000 https://earlybirdsinvest.com/shiba-inu-sees-40-spike-in-whale-activity-coinbase-xrp-holdings-continue-to-decline-100-ethereum-holders-in-profit-crypto-news-digest/

SHIB whale activity surges

Shiba Inu (SHIB) witnesses explosive 40% spike in overnight whale activity.

  • Surge in transfer. Aug. 12–13 saw 351.6 billion SHIB moved from large wallets — up 40% from the prior day’s 240.13 billion.

Shiba Inu (SHIB) just experienced one of its busiest nights in weeks, with major holders transferring 40% more tokens than the previous day, as per IntoTheBlock. From Aug. 12 to 13, the amount of SHIB flowing out of large wallets increased from 240.13 billion to 351.6 billion, putting a massive portion of the supply in motion in less than 24 hours. 

Large outflows can indicate two different things: coins being sent to exchanges for sale or coins being sent from exchanges to private storage. Interestingly, SHIB’s price did not sink when the outflows spiked.  

  • Price action. Stayed near $0.000014 despite heavy flows.

Instead, it held steady at around $0.000014, leaning more toward the idea that whales are parking tokens in cold wallets rather than selling them on the market. 

Over the same period, SHIB’s chart showed a push toward $0.00001425, a dip to approximately $0.00001360 and then a slow climb back to $0.0000138. There was no big sell-off or panic candles – just a back-and-forth range that suggests buyers were ready to take whatever supply was available. 

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ETH holders in full profit

Ethereum has no single holder in losses at moment amid shift to new ATH. 

  • 98.81% in profit. 148.2 million ETH ($704.29B) bought below current price.

In a historic development, Ethereum (ETH), the leading altcoin, is bullish, with all of its holders in profit. In the last 24 hours, activities in the Ethereum ecosystem have been on an upward trajectory in terms of price and volume outlook. 

According to IntoTheBlock data, a total of 148.2 million ETH valued at $704.29 billion are “In the Money.” This reflects 98.81% of Ethereum holders. This implies that these investors bought the asset at a price lower than the current market price. 

  • Low sell pressure. Holders likely waiting for a new ATH.

Interestingly, no holder is “Out of the Money.” Meanwhile, only 1.19% of holders are “At the Money.” These holders account for 1.79 million ETH worth $8.52 billion. These investors bought Ethereum at around $4,752. 

The implication of this for the leading altcoin is that there is minimal sell pressure on holders. With all investors in profit, they are likely to hold off selling their asset with anticipation of a new all-time high (ATH). 

  • Price target. Market watching for $5K breakout.

The market had been agitated when a major Ethereum ICO whale went for profit in a fresh batch of sales less than 48 hours ago. However, the current development suggests that sell pressure has dropped. 

Surprisingly, despite the bullish outlook of Ethereum, the asset remains about 3% away from flipping its ATH of $4,891.70 set about four years ago. This has sparked concern among some market participants, who were anticipating the ETH price to hit $5,000.

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Coinbase XRP reserves down 57.4% since June

Major US exchange Coinbase slashes XRP holdings by 57.4% as transfers accelerate.

  • Reserve decline. XRP holdings spread across 52 cold wallets.

Coinbase’s XRP reserves have been dropping for months, and new on-chain data show the decline has hit 57.4% since early June. The exchange used to hold almost a billion XRP across 52 cold wallets, but now it is down to about half that, with more big transfers this week. 

Right now, 10 wallets still hold about 26.8 million XRP each, and another 42 wallets hold about 16.8 million XRP. One of the latest moves saw 16.69 million XRP – worth about $54.83 million – moved from Coinbase Cold Wallet 155 to Coinbase Cold Wallet 10. It was an internal transfer. 

  • Possible destinations. Bitstamp, BitGo, Ripple’s ODL network; or internal reserve reorganization.

The destination of these coins is unclear. Analysts believe the transfers are feeding new subwallets tied to Bitstamp, BitGo and Ripple’s On-Demand Liquidity network. Others think Coinbase is reorganizing reserves to position itself for usage or price changes. 

There is no sign of disorder or panic selling in the way these transfers are being handled. The amounts and timing suggest that there was a lot of planning involved, with an emphasis on where assets are located so they can be accessed efficiently. 

  • Usage trend. Coinbase’s influence over large XRP flows may shrink.

Coinbase is not holding as much XRP as it used to, and that is because more and more people are interested in using the token for payments and cross-border transactions.  If this trend keeps up, Coinbase might not have as much control over the big XRP flows, and more of the asset might be moving through other exchanges and custodial channels.

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