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Forward Industries, known for making protective casing for medical devices, has announced a massive $1.65B private placement to go big on Solana ($SOL).

Backed by big names like Galaxy Digital and Multicoin Capital, the move shows tremendous institutional confidence in Solana’s future.

Forward Industries’ stocks shot up by 6% right after the announcement and have continued to rise steadily overall, indicating the market took it well.

With Solana looking good, now is the perfect time to look at Snorter Token ($SNORT), the Swiss-army knife you need for trading everything Solana-based.

Why the Enthusiasm? Understanding Solana’s Momentum

Why are the big players piling into Solana right now? The technical indicators could hold the answer. Solana’s price chart is showing what traders call a bull pennant pattern.

Think of it as a pause in the middle of a major run-up. The price surged over 70% from June to August, and now it’s catching its breath before a potential big move. If the pattern plays out, some analysts predict the price could hit $300 in the near term, with some even eyeing $1K down the road.

Beyond the charts, the network itself is thriving. Solana’s Total Value Locked (TVL) has skyrocketed to $12.987B, a massive 109% jump since April, driven by increased activity on popular dApps like Raydium and Jupiter.

The combo of strong technical signals and real-world growth is what makes Solana such an attractive bet for big investors and companies alike. Projects like Snorter Token ($SNORT), which amplify real-world growth by making Solana-based trading easier, can only strengthen the network.

Snorter Token ($SNORT): A New Class of Utility-First Meme Coin

Lots of tokens pop up based on a funny joke or meme, but Snorter Token ($SNORT) is a different beast. It combines meme coin vibes with advanced tools for traders.

$SNORT is the official token for the Snorter Bot, a trading bot in its beta phase built directly on Telegram. It’s not a promise of future utility; this is a token with a working product.

Holding $SNORT allows you to access various premium features that help you navigate volatile meme coin markets. These include lightning-fast sniping, copy-trading to learn from the best, and rug-pull detection to keep you safe from malicious projects.

In addition to the trading tools, you also benefit from reduced trading fees, paying 0.85% compared to 1.5% for non-holders. The incentive directly rewards platform engagement, creating sustainable demand for the token.

The Vision: Building a Community on a Foundation of Value

Snorter Token ($SNORT) has raised over $3.8M in its presale so far, which shows investors are paying attention. It’s also been professionally audited by firms like SolidProof and Coinsult, which builds trust and credibility.

$SNORT isn’t just a hype-driven meme coin; it’s the key to a set of tools designed to give retail traders the edge over bots and whales.

This is also just the beginning. The project’s roadmap points to continuous expansion and value creation. After launching on Solana and Ethereum, the team plans to expand to other major blockchains like BNB Chain and Polygon.

Time to get your nose to the ground and sniff up some $SNORT? Join the presale now.

Remember, this is not intended as financial advice, and you should always do your own research before making any financial investments.

Authored by Ben Wallis, Bitcoinist — https://bitcoinist.com/solana-rally-after-$1.68B-treasury-purchase-snorter-soars/

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Bitcoin (BTC) treasury companies reached a record holding of 840,000 BTC in August, but underlying data reveal weakening institutional demand.

According to a Sept. 5 report by CryptoQuant, purchase volumes and transaction sizes plummeted to multi-year lows.

Strategy led corporate Bitcoin accumulation with 637,000 BTC, representing 76% of total treasury holdings. At the same time, 32 other companies control the remaining 203,000 BTC.

Holdings surged following the November 2024 US Presidential Election, with Strategy more than doubling its position from 279,000 to 637,000 BTC and other companies expanding their holdings 13-fold from 15,000 to 203,000 BTC.

Declining purchase volumes

Strategy acquired 3,700 BTC in August, down dramatically from 134,000 BTC purchased in November 2024. Other treasury companies purchased 14,800 BTC, which is below the 2025 average of 24,000 BTC and significantly lower than their June peak of 66,000 BTC.

The average Bitcoin per transaction dropped to 1,200 for Strategy and 343 for other companies, down 86% from early 2025 highs. The report attributed the smaller transaction sizes to liquidity constraints or potential market hesitation among institutional buyers.

Monthly holdings growth decelerated sharply for Strategy, falling from 44% in December 2024 to just 5% in August. Other treasury companies experienced similar patterns, with monthly growth dropping from 163% in March to 8% in August.

Despite recording 53 purchase transactions in June and maintaining elevated activity through August with 46 transactions, the frequency masks declining institutional appetite. Treasury companies completed only 14 transactions in November 2024, making current levels appear robust by comparison.

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The report focused on pure-play, publicly-traded Bitcoin treasury companies holding 1,000 BTC or more, excluding mining companies and firms with substantial operating businesses like Tesla and Coinbase.

Regulatory and market pressures mount

The treasury market faces new regulatory headwinds as Nasdaq implements shareholder approval requirements for equity issuances used to purchase crypto.

The rule change targets the crypto-treasury playbook, where public companies sell equity or convertibles to fund token purchases. As a result, this change could slow the rapid capital deployment that characterized 2025.

In addition, Sequans Communications became the first Bitcoin treasury company to execute a reverse stock split, adjusting its American Depositary Shares structure to maintain NYSE listing requirements.

The company controls 3,205 BTC, valued at approximately $355 million, but its stock declined 75% this year, raising concerns about potential asset sales to defend share prices.

The report concluded by revealing patterns similar to the 2020-2021 cycle, when Strategy’s holdings growth peaked at 78% before declining to 6% a year later. The current setup suggests institutional Bitcoin accumulation may be entering a similar deceleration phase.

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A Solana treasury is becoming one of the fastest-growing crypto treasuries among big corporations, which sees the network’s robust performance and potential to revolutionize the blockchain sector. Presently, the idea is getting a major push from DeFi Development Corp, which has purchased a notable amount of SOL into its crypto treasury. 

Solana Treasury Companies Are Not Slowing Down

In a bullish development, DeFi Development Corp is doubling down on Solana, as the company constantly acquires the leading altcoin. Recent reports reveal that the firm has made another strategic buy to bolster its SOL treasury, pushing its aim to become the largest company holding the altcoin.

According to the report shared on the social media platform X, DeFi Dev Corp purchased 407,247 SOL at an average price of $188.68, resulting in a total value of approximately $ 76.8 million at the current price. Following this massive accumulation, the company’s treasury now holds 1,831,011 SOL, worth around $371 million. 

The action demonstrates DeFi Dev Corp’s steadfast conviction in Solana’s capacity for long-term growth and its growing significance in the dynamic DeFi market. In addition to strengthening its bank sheet, DeFi Dev Corp is putting itself at the forefront of Solana’s developing ecosystem, where developer activity and institutional interest are only growing stronger, by gradually expanding its assets.

Since the firm’s last purchase on August 15, 2025, its holdings have experienced an increase of more than 29%. The latest buy comes after DeFi Dev Corp’s recent announcement to raise about $125 million in equity to expand its SOL treasury. 

The initiative strengthens liquidity, expands network sustainability, and establishes Solana as a more robust participant in the developing blockchain market. “This raise allows us to add a significant amount of SOL to our balance sheet while still driving NAV/share accretion,” Chief Executive Officer (CEO) of DeFi Development Corp, Joseph Onorati.

SOL’s DeFi TVL At Its Highest Point

With institutional adoption rising sharply, Solana is experiencing a notable uptick in its network performance and engagement. SolanaFloor on X has reported that SOL’s Decentralized Finance (DeFi) ecosystem is experiencing an upswing, with Total-Value Locked (TVL) increasing to new levels.

On Thursday, data shows that SOL’s DeFi TVL spiked to a staggering $11.56 billion, marking its highest point since January 2025. The sharp uptick in TVL represents improving investor confidence, increased liquidity, and a wave of fresh activity across SOL-based protocols. 

Solana has also witnessed a notable uptick in Decentralized Exchange (DEX) volume. The report shows that SOL has reclaimed its top rank among all chains, recording approximately $4.604 billion, with Ethereum coming in second position.

Presently, SOL has turned bullish as the altcoin pushes forward to the $213 price mark, indicating a nearly 15% increase in the last 7 days. CoinMarketCap data shows that SOL’s trading volume is slowly turning bearish, falling by over 2% in the past day.

Featured image from iStock, chart from Tradingview.com

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As the bull market cycle continues, Bitcoin and Ethereum adoption are sharply heating up among prominent figures and large corporations in the ever-evolving financial landscape. In the last few days, institutions have gone on a significant buying spree, one of which is the asset management firm BlackRock.

A Two-Day Bitcoin And Ethereum Shopping Spree

Bitcoin’s price has steadily faced notable price fluctuations, while Ethereum’s price has experienced a pullback from its recent all-time high. Despite this bearish performance from BTC and ETH, BlackRock is purchasing the two crypto leaders on a massive scale.

According to the reports, the world’s largest asset manager has acquired a staggering $750 million worth of BTC and ETH. It is worth noting that this massive accumulation by the leading firm was made within two days.

The report reveals that BlackRock bought about 413 BTC valued at $46 million, along with 73,864 ETH for a staggering $342 million on August 27. Prior to this huge purchase, the asset manager made another acquisition of 568 BTC for approximately $62.6 million, and 65,901 ETH valued at $292.6 million.

This rapid accumulation underscores the firm’s growing conviction in crypto as an institutional-grade asset class. While signaling rising demand among institutional investors, the huge purchase in such a short span reinforces the idea that traditional finance is sharply intertwining with the crypto sector.

Combining these acquisitions, the asset manager invested close to $750 million in its cryptocurrency Exchange-Traded Fund (ETF) products within a two-day window. In 2025, these purchases rank among the biggest single-day purchases made by a conventional financial institution.

Big BTC Investors Are Making Their Presence Known

Large Bitcoin and Ethereum holders, often regarded as whales, have been gradually returning to the market. Santiment, a leading market intelligence and on-chain platform, has reported an uptick in BTC and ETH whales even as bearish pressure intensifies. This growth is observed among wallet addresses holding 1,000 BTC and wallet addresses holding at least 10,000 ETH.

Such a trend from high-net-worth investors signals a possible change in market dynamics for the two assets. Their comeback coincides with a critical juncture for the cryptocurrency industry as investors balance the long-term growth trajectory of the assets against macroeconomic uncertainty.

Data from the leading on-chain platform shows that there are now 13 more wallets holding 1,000 BTC, bringing the total to 2,087 wallets. Meanwhile, for Ethereum, there is now a total of 1,275 wallets holding 10,000 ETH following an additional 48 new wallets.

At the time of writing, BTC and ETH were trading at $113,182 and $4,573, respectively, in the last 24 hours. While ETH’s trading volume has declined by over 13% in the past day, BTC’s trading volume is experiencing a slight upswing of nearly 5%.

Featured image from iStock, chart from Tradingview.com

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Author

Sujha Sundararajan

Author

Sujha Sundararajan

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Sujha has been recognised as Women In Crypto 2024 by BeInCrypto for her leadership in crypto journalism.

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Last updated: 

August 21, 2025

Hong Kong-based construction giant Ming Shing Group has announced a pact to purchase 4,250 Bitcoin, valued at $483 million.

The Nasdaq-listed firm that engages in wet trades has entered a Bitcoin purchase agreement with British Virgin Islands-registered Winning Mission Group. The company will sell 4,250 BTC to Ming Shing at an average price of $113,638 per Bitcoin.

According to Bitcoin Treasuries data, Ming Shing Group has been holding Bitcoin since January 13, 2025. The firm currently holds 833 Bitcoin, valued at $94.93 million.

With the announcement, Ming Shing has joined a flurry of public companies that have incorporated Bitcoin into their treasury strategy, led by Michael Saylor’s Strategy. Recently, KindlyMD made a dramatic entrance into the Bitcoin treasury race, acquiring 5,743.91 BTC through its wholly owned subsidiary.

Ming Shing to Issue Convertible Promissory Notes, Stock Warrants

The Bitcoin purchase deal is expected to close by end of this year. Per the announcement on Wednesday, the Hong Kong firm will issue convertible promissory notes and share warrants, in pursuant to the agreement.

“Pursuant to the Note, the maturity date is 120 months from the original issuance date of the Note,” the release read.

Further, a third-party firm, Rich Plenty Investment Limited, will receive half the value of the deal, which is 2,125 Bitcoin. The original seller and the third-party will each get a convertible note worth over $241 million and a warrant to buy Ming Shing’s shares of 201 million.

According to Wenjin Li, CEO of Ming Shing, the Bitcoin investment could capture the potential appreciation of the asset. It would also increase the Company’s assets, given that the market is highly liquid.

“We are devoted to creating additional value for our shareholders and actively exploring options for the Company to grow further,” Li added.

MSW Stock Jumps Nearly 30%

Following the BTC purchase announcement, Ming Shing’s stock (MSW) surged 29% on Wednesday. The stock closed the day 11.5% higher to trade at $1.65, per Yahoo Finance data.

However, the stock has been on a general downtrend, with a Strong Sell technical sentiment signal.

An equestrian coach reportedly lost thousands after falling victim to a spoofing scam that offered to protect her bank account from fraud.

NBC 7 in San Diego reports that in June, Alixe Garcia received a text asking her if she authorized a large purchase at Best Buy.

Garcia received a call after texting back “no”.  She says she trusted the call the moment she answered the phone because the caller ID showed it was from a Wells Fargo customer service number.

Garcia says that during the 41-minute call, it sounded as if she was talking with someone who was able to view her accounts. She ended up transferring $5,700 to Apple Cash, believing that the money would be deposited into her new Wells Fargo account that the caller supposedly helped her create.

Thirty minutes later, when she logged in, the money was not there.

“I waited another 30 minutes. I’m, like, ‘Maybe it’s a little slow.’ No money. Then I was just, like, sick thinking about it.” 

She called the bank the next morning, but the agent told her that the person she was talking to was not from the bank.

Her money is also gone. Wells Fargo says that its security controls were functioning as intended, and Garcia ultimately authorized the transfers.

The bank warns consumers that if they get a similar call asking them to send a payment, transfer funds or send their physical cards to stop fraud in their account, they should immediately hang up and call their bank directly.

“Safeguarding our customers’ assets is our top priority, and we are actively working to raise awareness of common scams through various resources and ongoing education. We have robust security measures in place and conduct thorough investigations of fraud and scam reports before making claim decisions.”

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ether (eth) The market is at a critical time as whales snapped the ether (eth) It is worth millions and is bullishly positioned against the first weekly loss of cryptocurrency for more than a month.

According to Coindesk data, Ether, a native token for the programmable blockchain Ethereum, fell nearly 10% this week, reaching a low of under $3,400 at one point. This decline follows a robust five-week winning streak, followed by Wall Street losses, and will lead to profits and de-leverage.

But bearishness contrasts with a strong signal of long-term convictions from whales. According to on-chain data tracked by Arkham Intelligence, a single entity snapped a massive amount of ether worth $300 million as prices fell and performed a major “Dip The Dip” operation.

That’s the case of bullish divergence. While weekly price action suggests an immediate upward momentum and a loss of potential profit acquisition, significant whale purchases demonstrate the belief that the recent recession is merely a temporary recession.

The message is clear. If a price drop blows a weaker hand, and decisions from high convicted entities are determined, the process.

A fresh match between macro jitters, triggered by the buoyant US dollar and disappointing US employment data on Friday, put the crypto market behind.

Bitcoin, the largest digital asset by market value, was relatively resilient, down just 4.5% a week. BTC’s out-performance relative ETH confirms the market’s emotional emotions change with respect to ETH initially signaled by the options market.

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Bit Digital, a computing infrastructure firm long associated with Bitcoin mining, is shifting gears and transitioning to Ethereum. The company has begun offloading Bitcoin reserves and significantly increasing its exposure to Ethereum. 

However, according to additional equity financing plans filed with the US Securities and Exchange Commission (SEC), it’s clear that Bit Digital’s pivot to ETH is just beginning. The timing could be more better, as Ethereum is currently gaining momentum in both price and institutional support.

SEC Filing Reveals Ongoing ETH Accumulation Plan

Bit Digital’s transition to Ethereum began in earnest earlier this month. On July 8, Bit Digital sold 280 BTC worth roughly $172 million to acquire over 100,600 ETH. That initial purchase was followed by an additional 19,683 ETH on July 18, bringing the company’s Ethereum holdings to approximately 120,306 ETH. Interestingly, these purchases have now placed Bit Digital among the top ten publicly known corporate holders of Ethereum.

The company didn’t keep quiet about its reasoning. In a statement posted to the social media platform X, Bit Digital explained its strategy shift is based on broader macroeconomic trends: “Why Ethereum? Why now? Society is entering a new monetary era.” The post highlighted volatile interest rates, inflation risks, and diminishing faith in fiat currency as key motivations for the switch to Ethereum. More importantly, it described Ethereum as offering both capital growth and native yield through staking, advantages that outshine traditional treasury strategies and even surpass Bitcoin’s use case as a store of value.

According to a filing submitted to the SEC on July 25, the company is seeking shareholder approval to increase its authorized share capital from 340 million to 1 billion ordinary shares. The proposed increase would raise total share capital from $3.5 million to $10.1 million while leaving preference shares unchanged. 

In its SEC filing, Bit Digital makes it clear that the move is aimed at securing additional equity financing soon, specifically to support its growth plans centered around Ethereum purchases. A shareholder vote to approve the proposal is set for September 10, 2025. 

Ethereum Outperforming Bitcoin

Interestingly, Ethereum’s price action has picked up notably since Bit Digital initiated its ETH strategy. ETH has surged by about 51% since the beginning of the month, and the ETH/BTC trading pair is up about 35%, clear signs that the market may be rotating toward Ethereum. This trend is further reinforced by continued inflows into Spot Ethereum ETFs, which have now seen 16 consecutive days of positive net flows.

According to on-chain analytics platform Sentora (formerly IntoTheBlock), between $7.5 billion and $8 billion has flowed into US-listed ETH ETFs since July 2. This wave of institutional capital has helped push aggregate assets under management (AUM) well beyond initial projections, turning once-skeptical observers into believers.

Image From X: Sentora

Ethereum’s recent performance mirrors this inflow trend, as it is now trading at its highest levels this year. Ethereum began the week with gradual gains, dipped midweek, and rebounded with conviction. As of now, ETH is trading around $3,775, up roughly by 5% in the past seven days. 

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Coinsilium Group Limited has expanded the Bitcoin Treasury to 112 Bitcoin following a £920,000 purchase carried out through its wholly owned Gibraltar subsidiary, Forza Gibraltar Limited. The latest acquisition at 10.2489 represents an average price of £89,765.73 ($120,538.77) per Bitcoin. This represents the company’s continued commitment to a Bitcoin-centric financial strategy.

Digital Asset Venture Builder, which has been operating in the blockchain sector since 2015, has established Forza Gibraltar Limited specifically to manage the operations of the Bitcoin Ministry of Finance. The subsidiary’s total Bitcoin Holdings currently stands at 112.0009 Bitcoin, with a total purchase price of £81,710.15 ($110,677.77) per Bitcoin, with a total holding of £9,993,422.54 ($13,502,255.06).

“All Bitcoin purchases are being implemented in accordance with the company’s Bitcoin financial policy,” the company said in its announcement. All Bitcoin Holdings are handled by third parties, custodians in the regulated facility, providing additional security to the company’s digital asset reserves.

This latest purchase follows Coinsilium’s successful £1.25 million capital raise in May 2025. The company raised these funds through oversubscribed arrangements at 3p per share.

Executive Secretary Malcolm Pearl previously expressed his enthusiasm for the initiative, saying, “We are pleased to announce this placement today. We are extremely pleased with the company’s response to the Forza! initiative.

Board member James Van Stratin highlighted the company’s focus, saying: “Coinsilium raised £1.25 million to launch Bitcoin’s financial strategy. The £250,000 wrap retail product offers retail investors the opportunity to participate.

Since launching its financial strategy in May, Coinsilium has built a £10 million Bitcoin position across multiple purchases. The company’s open market structure allows traditional investors to gain Bitcoin exposure through regulated channels without directly holding them.

The company argues that the decision to allocate capital to Bitcoin reflects “the strategic view of Bitcoin as a long-term reserve asset,” supported by “more than a decade of experience in the digital asset sector.”