Japan’s publicly-published metaplanet acquired an additional 136 Bitcoin of about $15.2 million (¥225.1 billion), bringing total holdings to 20,136 BTC, according to a filing on the Tokyo Stock Exchange on Monday.

The latest purchase, made at an average price of 111,666 (¥16.55 million) per Bitcoin, demonstrates the company’s aggressive accumulation strategy as it competes for an ambitious target of 100,000 BTC by 2026. Metaplanet invested a total of $20800 billion (304.56 bits) at the average price of Bitcoin. 1 million) per coin. Due to the company’s rapid accumulation, it positions it as the sixth largest public enterprise holder of Bitcoin worldwide.

The company dramatically expanded its Bitcoin acquisition target, which was planned to be at just 10,000 BTC and 21,000 BTC by 2025. Currently, we aim to reach 30,000 BTC by 2025 and 100,000 BTC by 2026, reflecting the increased financial trust as Bitcoin.

Metaplanet’s accumulation strategy has been successful, with the company achieving a “BTC yield” of 487% per year in 2025. This metric shows the company’s ability to measure changes in the percentage of Bitcoin holdings compared to fully diluted stocks, and to expand its Bitcoin position while managing shareholder dilutions.

The trend in adopting Bitcoin by companies accelerated dramatically in 2025, with over 200 public companies currently holding Bitcoin at the Ministry of Finance. Collectively, these companies manage over 1 million BTC, accounting for more than 4.5% of Bitcoin’s distribution supply.

Bitcoin finance companies are a major force in the market. Their continued accumulation provides a strong purchasing base for assets, and if sales pressures decrease, it can lead to significant price increases.

To support its ambitious acquisition plan, Metaplanet recently secured shareholder approval for its $884 million capital raise initiative. The company actively manages its capital structure through July and August 2025 through a combination of stock issuance and bond redemption, including multiple tranches of stock acquisition rights practice.

The emergence of Bitcoin finance companies as a major market force represents a major change in corporate finance strategies. Recent entrants include American Bitcoin Corp., which opened on Nasdaq this week, and Strategy Inc., which added 4,048 BTC worth $449.3 million to its holdings last week.

The institutional adoption of Bitcoin as a financial asset is accelerating faster than many expected. “Companies view Bitcoin as a strategic hedge against currency devaluation and financial uncertainty.

With Bitcoin prices continuing to fall below $112,000, it appears that corporate finance managers are taking advantage of the relative price stability to build positions. Competition for a limited supply of Bitcoin continues to be strengthened as Metaplanet and other companies maintain an aggressive accumulation strategy.

Solana (SOL) treasury company SOL Strategies secured approval to list its common shares on the Nasdaq, according to a Sept. 5 announcement.

The company expects trading to commence on Sept. 9, under the ticker symbol “STKE” while maintaining its Canadian Securities Exchange listing under “HODL.”

Shares will no longer trade on the OTCQB Venture Market, and existing shareholders will be automatically converted to the Nasdaq listing without requiring any action.

CEO Leah Wald said:

“Joining Nasdaq aligns us with the world’s most innovative technology companies and positions us to attract institutional investors who recognize the transformative potential of Solana’s infrastructure.”

She added that the listing provides shareholders with enhanced liquidity, while giving the firm access to deeper capital markets.

SOL Strategies completed its transformation from a diversified crypto holding company to a Solana-first investment vehicle after unanimously approving the strategy shift at its shareholder meeting on July 30, 2024.

The rebranding coincided with the appointment of Wald as new CEO in early July, which accelerated the company’s accumulation of SOL tokens and ecosystem investments.

The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha

Nice Your first lesson is on the way.

Please add [email protected] to your email whitelist.

The green light marks a significant milestone for the Toronto-based company following its strategic rebrand from Cypherpunk Holdings and pivot to Solana-focused investments.

Institutional interest in Solana treasuries grows

The approval arrives amid broader institutional interest in Solana exposure, with Galaxy Digital, Multicoin Capital, and Jump Crypto reportedly seeking approximately $1 billion to assemble the largest dedicated SOL treasury through a public company vehicle.

Cantor Fitzgerald serves as lead banker for the effort, which contemplates acquiring a listed entity to create an institutional-grade Solana treasury.

Other companies also operate SOL treasuries through public markets, including Upexi, which has holdings surpassing $100 million, and DeFi Development Corp, reporting 846,000 SOL with plans to compound via staking yields.

SOL Strategies expects the Nasdaq listing to accelerate validator growth through institutional partnerships, enhance operational scalability as demand for Solana staking increases, and strengthen its position as the leading institutional gateway to the Solana ecosystem.

Mentioned in this article

Bitfinex-backed Plasma announced a strategic partnership with EtherFi on Aug. 29, positioning the stablecoin-focused neobank as a day-one launch partner for the blockchain’s mainnet beta.

EtherFi will transfer over $500 million from its Ethereum (ETH) staking vault to Plasma’s platform, providing liquidity for stablecoin-backed yield strategies.

The collaboration integrates EtherFi across Plasma’s DeFi ecosystem, providing users with additional collateral options for lending and borrowing while offering access to ETH-backed yield products.

Plasma’s announcement emphasized how the partnership complements both platforms’ objectives in the stablecoin infrastructure space. The protocol stated:

“Stablecoins give everyone, everywhere permissionless access to the financial service of saving money safely and reliably.”

EtherFi is the sixth-largest DeFi protocol, with a total value locked of over $11 billion as of Aug. 29. The protocol reached an all-time high of nearly $12.6 billion on Aug. 14.

Stablecoin-focused infrastructure

Plasma operates as a Bitcoin sidechain with full Ethereum Virtual Machine (EVM) compatibility, engineered specifically for stablecoin payments and cross-border transactions.

The platform offers zero-fee USDT transfers through a dual-validator architecture that processes gasless transactions.

Recent market activity demonstrates significant institutional interest in Plasma’s approach. The platform raised $1 billion in deposits within 30 minutes during its June expansion, with 70% of funds concentrated among the top 100 wallets according to analytics firm Sealaunch.

Initial deposits in June totaled $500 million, with over 1,100 participating wallets.

Further, Plasma is backed by high-profile names. The protocol $24 million funding round attracted backing from Framework Ventures, Bitfinex, Peter Thiel’s Founders Fund, and Tether CEO Paolo Ardoino.

DeFi ecosystem integration

The EtherFi partnership extends beyond simple vault migration. Plasma users will be able to leverage EtherFi’s liquid staking tokens as collateral while accessing stablecoin features, including custom gas tokens and confidential transactions.

Additionally, the partnership positions both platforms to capture the growing demand for stablecoin infrastructure as the sector surpasses a total supply of $280 billion.

Former BitMEX CEO Arthur Hayes recently noted that EtherFi is one of three DeFi protocols that could capture significant value from the expansion of US dollar-pegged stablecoins.

EtherFi’s commitment to move $500 million in ETH staking assets represents confidence in Plasma’s technical architecture and market positioning within the expanding stablecoin ecosystem.

Mentioned in this article

Nasdaq-listed Verb Technology has raised $558 million in a private placement to establish the first publicly listed company dedicated to holding Toncoin (TON) as a treasury reserve asset.

The financing round, which was upsized and oversubscribed, was led by Kingsway Capital and drew participation from over 110 institutional and crypto-native investors.

Notable backers include Vy Capital, Blockchain.com, Pantera Capital, Ribbit Capital, Graticule, Animoca Brands, Kraken, and BitGo, as well as individual investors such as Ethena Labs founder Guy Young.

The company plans to rebrand as TON Strategy Co. (TSC) and will deploy the majority of the funds to acquire and stake TON. Telegram, with over 900 million users globally, has positioned TON at the core of its Mini App platform, offering developers access to a large and active user base.

The development comes less than a month after reports surfaced that Ton Foundation was seeking half a billion dollars to set up a TON treasury company.

Strategic pivot

Verb’s new direction aims to build a crypto-native treasury model that combines long-term digital asset holdings with cash flow generation through staking rewards.

The company believes Toncoin’s integration with Telegram offers strong adoption potential, making it a compelling choice for a reserve asset strategy.

While shifting focus to digital asset reserves, the firm will continue to operate its existing social commerce businesses, including its AI-driven video shopping platform MARKET.live and its recently acquired livestream commerce startup LyveCom.

Restructuring

The new entity will be chaired by Kingsway founder and TON Foundation President Manuel Stotz, who brings over 15 years of global investment experience.

Veronika Kapustina, a former senior advisor to the TON Foundation and ex-Morgan Stanley banker, will serve as CEO, while Sarah Olsen, previously Head of Corporate Development for JPMorgan’s blockchain division Onyx, will take on the role of CFO.

Meanwhile, Blockchain.com CEO Peter Smith will advise the firm as it scales its crypto treasury operations.

Cohen & Company Capital Markets served as the sole placement agent, with legal counsel provided by Reed Smith, Perkins Coie, Morgan Lewis, and others.

Mentioned in this article

The global healthcare group Cosmos Health (COSM) just announced that it has secured funding to launch its Ethereum (ETH) digital asset treasury reserve strategy.

In a statement, the Chicago-based company says that it has entered into a securities purchase agreement with a US-based institutional investor.

The deal involves the issuance of up to $300 million in senior secured convertible promissory notes to support the company’s strategic accumulation of the second-largest cryptocurrency by market cap.

The terms of the facility require Cosmos Health to allocate at least 72.5% of the net proceeds from each tranche for building its crypto treasury reserve. The rest will be used for working capital and growth initiatives.

The firm says it is stocking up ETH to bring more value to its long-term shareholders. The digital asset trust company BitGo will provide the institutional infrastructure to custody and stake the crypto assets.

Says Cosmos Health CEO Greg Siokas,

“This financing marks a strategic milestone for Cosmos Health, offering shareholders direct exposure to ETH, currently one of the most widely adopted digital assets in the world.

We are confident that the size and flexibility of this facility should position us to deliver long-term, sustainable value for our shareholders.”

The company’s share closed at $1.05, down by 8.7% from the previous closing price of $1.15.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Laser Digital, a digital asset subsidiary of Japanese banking giant Nomura, has secured the first limited license to offer over-the-counter crypto derivatives under the Virtual Asset Regulatory Authority’s (VARA) Pilot Regime, the company announced Wednesday.

Laser Digital is the first firm authorized to provide institutional-grade crypto options directly to clients under the VARA framework, marking a significant milestone for the firm and the UAE’s emerging regulatory environment.

With this approval, Laser Digital is officially open for business in Dubai and will begin engaging with institutional counterparties to deliver structured derivative strategies.

The offering includes products for hedging, yield enhancement, and volatility management, all of which are tailored to meet the needs of sophisticated investors in the digital asset space.

The license falls under VARA’s Pilot Regime, designed to vet and onboard qualified firms while maintaining strong oversight of virtual asset activity. Laser Digital’s entry under this program reflects growing regulatory maturity in Dubai’s digital asset sector.

Founded by Nomura to bridge traditional finance and the crypto economy, Laser Digital offers trading, asset management, and venture investment services within a regulated institutional framework.

The company’s approval under VARA signals a deepening of Dubai’s ambitions to lead in the global race for regulated crypto innovation.

VARA, established in 2022, has steadily advanced its regulatory roadmap, most recently introducing a staged licensing framework designed to bring oversight to virtual asset activity while supporting innovation.

The Pilot Regime, which Laser Digital now operates under, allows select firms to engage with the market on a limited basis before progressing toward a full Virtual Asset Service Provider (VASP) license.

Dubai’s regulatory clarity has made it a magnet for crypto firms seeking stability amid a patchwork of enforcement actions and inconsistent policies in other jurisdictions. By securing this license, Laser Digital gains a foothold in one of the few jurisdictions offering structured access to institutional-grade crypto finance under government oversight.

Verb Technology has priced an oversubscribed $558 million private placement to pivot into a Toncoin (TON)-focused treasury vehicle in partnership with Kingsway Capital.

According to an Aug. 4 statement, Verb plans to rebrand to TON Strategy Co. (TSC) post-close and become the first publicly traded treasury reserve for Toncoin (TON), expected on or around August 7.

The PIPE covers roughly 58.7 million shares of common stock, including pre-funded warrants sold to institutional and accredited investors at $9.51 per share, matching VERB’s Aug. 1 close. 

The company will deploy the majority of net proceeds to acquire TON as its primary treasury reserve asset and stake holdings to generate recurring rewards, targeting a cash-flow-positive treasury model. 

VERB will continue trading on Nasdaq until closing, and existing operations will continue and are expected to expand.

The announcement partially confirms rumors that the Ton Foundation was planning a $400 million raise to build the first TON treasury vehicle.

First TON treasury

The strategy leans on Telegram’s deepening integration with TON. Telegram and the Ton Foundation have made TON the exclusive blockchain powering the messenger’s ecosystem, while TON Wallet recently went live for 87 million US users. 

Telegram reports more than 1 billion monthly active users globally, positioning TON for mainstream distribution inside a large-scale consumer platform.

Incoming executive chairman Manuel Stotz is president at the Ton Foundation and CEO at Kingsway Capital. He said a permanent-capital vehicle suits TON’s potential to compound value and deliver staking yield. 

CEO and co-founder of Blockchain.com, Peter Smith, will serve as special advisor, calling the move a catalyst for broader crypto adoption. 

The incoming executive team also includes former Ton Foundation and JPMorgan names.

More than 110 institutional and crypto-native investors subscribed, led by Kingsway and anchored by Vy Capital, Blockchain.com, Ribbit Capital, and Graticule (GAMA). 

Additional participants include CMCC Global, Pantera, MEXC Ventures, FalconX, along with several notable founders such as Ethena Labs’ Guy Young.

Post-close, Verb expects 36% of its share capital to be locked up for six to twelve months, a cash-assets-to-total-assets ratio of 77%, and an initial cash position sized at roughly 5% of TON’s circulating market value. 

Mentioned in this article

Charles Hoskinson, the founder of Cardano, has publicly defended his influence on the blockchain network’s development following growing criticism.

In an Aug. 3 post on X (formerly Twitter), Hoskinson addressed the negative claims suggesting that his leadership was detrimental to Cardano’s progress.

Hoskinson pointed to the success of his other project, Midnight, highlighting its significant expansion with over 100 partnerships across eight ecosystems. He also emphasized the project’s liquidity influx for Cardano Native Assets (CNAs) and its leadership in Bitcoin’s DeFi space.

According to Hoskinson, these efforts have brought billions in Total Value Locked (TVL) and millions of transactions into the Cardano network.

Hoskinson further explained his strategic focus last year on deploying key technologies like Peras, Leios, and Hydra, while referencing major initiatives such as Doom and the Glacier Drop.

Moreover, he noted that his push for rapid development and significant marketing efforts, including appearances on popular shows like Shawn Ryan’s, has expanded Cardano’s reach to new audiences, including 19 million potential users.

In response to criticisms from online trolls and what he called “Charles Drangement Syndrome,” Hoskinson argued that the broader Cardano community remains unaffected and is thriving.

Considering this, Hoskinson emphasized to the critics that:

“You lost. I’m here to stay in Cardano. Deal with it.”

Input output secues $71 million funding

Meanwhile, Input Output Global, a company founded by Hoskinson, has received approval to access 96 million ADA, worth around $71 million, from the Cardano treasury.

On Aug. 2, the firm revealed that its funding proposal passed with 74% of community support.

The firm stated that the fund would support upcoming Cardano upgrades, including improvements to scalability through Hydra and Ouroboros Leios, enhanced security with Mithril, and streamlined user interactions via Nested Transactions and Project Acropolis.

Tim Harrison, EVP Community & Ecosystem, said:

“For the first time, core protocol development is being funded directly by the community. This vote of confidence empowers us to move forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem.”

Meanwhile, Intersect, a Cardano community group, will oversee fund distribution.

Input Output has also committed to providing regular updates, including monthly development reports and quarterly financial summaries, to keep the community informed on the project’s progress.

Mentioned in this article