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Tom Lee Climbs to #2 in Corporate Crypto Race. Is Saylor Safe?
NFT Gaming

Tom Lee Climbs to #2 in Corporate Crypto Race. Is Saylor Safe?

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  • Ethereum’s Saylor 
  • Is Saylor’s crown safe? 

Tom Lee’s BitMine Immersion Technology (BMNR) has now climbed to second spot on the list of the biggest cryptocurrency treasury companies. 

According to data provided by Arkham Intelligence, it now holds a staggering $6.6 billion worth of Ethereum (ETH). In fact, it now controls close to 1.3% of the altcoin’s entire circulating supply. 

Ethereum’s Saylor 

Lee, who used to be JPMorgan’s chief equity strategist, co-founded Fundstrat Global Advisors in 2014. He gained prominence back in 2017 by becoming one of the first Wall Street analysts to openly back Bitcoin. 

The famed “permabull” had frequent TV appearances, during which he would make ridiculously bullish predictions in 2017 and early 2018 that backfired during the brutal cryptocurrency bear market that ensued shortly after. 

After briefly pausing his Bitcoin price predictions, Lee then continued making frequent appearances on CNBC with bullish cryptocurrency calls. As reported by U.Today, Lee predicted that Bitcoin could soar to $250,000 this year. 

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In June, however, Lee went from making permabullish predictions to spearheading a bold Ethereum treasury play. In June, it was announced that he had become the chairman of Bitmine, which used to specialize in providing immersive cooling solutions. 

Within a short span of time, Bitmine managed to attract some heavyweight investors, such as Peter Thiel, Bill Miller, and Cathie Wood. 

Earlier this month, Bitmine unveiled that it intended ot secure an additional $20 billion for future Ethereum (ETH) buys. 

Is Saylor’s crown safe? 

Despite surpassing some of the biggest Bitcoin treasury companies, Lee’s Bitmine is still miles away from Saylor. 

Strategy currently holds a whopping 629,376 Bitcoins that are worth a whopping $73.24 billion at current prices. 



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CZ hypes ‘BNB MicroStrategy’ as corporate reserve interest grows
GameFi Guides

CZ hypes ‘BNB MicroStrategy’ as corporate reserve interest grows

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Former Binance CEO and founder Changpeng Zhao is cheering the growing institutional spotlight on BNB as more firms move to tap the token as a reserve asset.

In a July 24 X post, Zhao praised China-based Labs cryptocurrency-mining chip designer Nano Labs for its vision to launch a BNB (BNB) focused strategic reserve.

The Binance founder’s applause follows Nano Labs’ announcement earlier that day of a $500 million convertible note raise, with plans to acquire up to $1 billion worth of BNB over time. According to the company, it aims to hold 5% to 10% of BNB’s total circulating supply and position the token as a long-term treasury asset.

Nano Labs Ltd (Nasdaq: NA) becomes a $BNB-only strategic reserve public co, bringing $500 million to BNB. 👏

Their stock price went through the roof. We (my affiliated entities) did not participate in this round, but remain extremely supportive.

Not financial advice! https://t.co/2ULQ6NGDBG

— CZ 🔶 BNB (@cz_binance) June 24, 2025

While CZ clarified that neither he nor any affiliated entities took part in the raise, he described the move as a major vote of confidence for BNB’s future and expressed support for the vision.

The comments build on his previous nod to a similar initiative. Former Coral Capital Holdings executives were recently reported to be raising $100 million through a Nasdaq-listed entity to accumulate BNB as part of a similar institutional reserve strategy.

“BNB ‘MicroStrategy’ coming to a company near you!” cheered the Binance founder. He further emphasized that more institutions around the world are mulling the same idea, adding that the rising interest may soon mark a turning point for the token.

A new narrative for BNB?

Institutional adoption played a defining role in Bitcoin’s rise, and a similar wave of interest may now be forming around BNB.

Still, doubts remain. Although BNB is described as a public, blockchain-native token not affiliated with Binance, its ties to the exchange have long weighed on its image. This is largely due to the exchange’s regulatory troubles and lingering concerns about the token’s distribution and decentralization, fueling investor skepticism.

That cautious sentiment is reflected in BNB’s stunted growth over the past year, lagging behind many of its peers in both performance and market enthusiasm. However, some believe that the recent wave of institutional interest could promote adoption, helping it carve out an identity beyond Binance’s shadow.





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Golden Cross could ignite rally to $4,000
GameFi Guides

Ethereum strategic reserves hit 1% of supply as corporate adoption accelerates

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Top institutional holders dominate Ethereum’s strategic reserves, with the Ethereum Foundation leading the pack.

Corporate Bitcoin (BTC) strategic reserves have been a major trend in the past few months. However, Ethereum (ETH) is slowly catching up. On June 19, strategic reserves among institutions rose to 1.190 million ETH, according to the Strategic ETH Reserve website. These reserves, worth almost $3 billion, amount to more than 1% of the total supply of ETH.

The growth of ETH strategic reserves | Source: Strategic ETH Reserve

Top holders dominate these reserves, with the five largest entities controlling over 70% of all institutional ETH holdings. The Ethereum Foundation is the single largest holder, with 269,431 ETH. It’s followed by SharpLink, a Nasdaq-listed gaming company that acquired 176,271 ETH on June 13 and has staked 95% of it.

The Nasdaq-listed firm acquired its reserves on June 13 and is staking 95% of the ETH. The most recent entrant is Status, an Ethereum messenger and Wallet, which acquired 23,066 ETH on June 19, worth $2.9 million.

Entities holding the most Ethereum strategic reserves | Source: Strategic ETH Reserve

Other significant holders include layer-1 network PulseChain, crypto exchange Coinbase, and the Ethereum-focused Golem Foundation. Notably, the U.S. government also holds close to 60,000 ETH, largely originating from asset seizures.

More firms consider ETH reserves

While Bitcoin remains the leading asset for strategic reserves, Ethereum is attracting growing interest from corporations and government entities. As the most established altcoin, it is emerging as the top choice beyond Bitcoin.

Among them, Michigan’s state pension plan made a $10 million allocation in Ethereum. Publicly traded companies that hold Ethereum include Bit Digital, BTCS, Intchains Group, and KR1, firms that are mostly focused on crypto assets.

The figures come from the Strategic ETH Reserve initiative, which tracks major institutional holders through publicly visible wallets. The initiative aims to promote transparency and drive broader adoption of Ethereum in institutional portfolios.



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Pocket Boss turns corporate data manipulation into a puzzle game
Gaming Gear

Pocket Boss turns corporate data manipulation into a puzzle game

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There’s a new puzzle game in town, and this one tackles remote work and corporate data manipulation. Pocket Boss is coming to Steam and the developers just dropped a trailer during the Day of the Devs showcase event, which is part of Summer Game Fest.

Pocket Boss casts players as an employee working remotely, trapped by the whims of an ever-demanding boss. The game is primarily set inside of a chat window, though the puzzle element kicks in when the aforementioned job creator demands changes to data in order to maximize profits and erase competitors.

When that happens, the perspective shifts to a minigame. There looks to be plenty of different designs here. One game involves flinging a competitor’s market share off of the screen, while another has players navigate a physical representation of the stock market without crashing. It’s like a corporation-soaked take on the WarioWare franchise.

The game is published by Playables, which is the studio behind the novel-looking Time Flies and the interactive cartoon KIDS. We don’t have a release date for Pocket Boss just yet.

Playables

Of course, this is just one game announced during the beefy Day of the Devs stream, and that’s just one event of many throughout Summer Game Fest. It’s a good time to be someone who likes to read and watch trailers about upcoming video games.



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Corporate bitcoin treasury growth (Binance Research)
Crypto Trends

Corporate Bitcoin Holdings Top 800K BTC After More Than Doubling in a Year

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Bitcoin

has taken deeper root in corporate treasuries, with 116 public companies now holding a combined 809,100 BTC, worth around $85 billion based on current prices, at the end of May.

That’s a dramatic rise from 312,200 BTC held a year ago in corporate treasuries, according to Binance Research’s latest report. Nearly 100,000 BTC has been added since early April alone.

The surge appears driven by a mix of rising prices and structural tailwinds. Donald Trump adopted a pro-crypto stance during his 2024 presidential campaign, vowing to make the U.S. a global hub for the asset class and create a “crypto capital of the planet.”

Since Trump took office he has moved to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, while the U.S. Securities and Exchange Commission has dropped numerous lawsuits against major crypto firms..

Binance’s report shows that bitcoin treasury accumulation grew in November, when Trump won the election.

(Binance Research)

Adding to that, new fair-value accounting rules introduced by the Financial Account Standards Board (FASB) this year allow companies to recognize gains on BTC holdings, removing a longstanding deterrent.

Newer entrants including GameStop (GME) and PSG have recently started accumulating BTC as a well, yet Strategy still holds the lion’s share of BTC in corporate treasuries, with over 70% of holdings.

Some companies are also tiptoeing into other assets. SharpLink holds $425 million in ETH, while DeFi Development and Classover are betting on solana

. China-based firm Webus recently filed for a $300 million strategic reserve.

Still, these altcoin holdings remain relatively small and are often tied to firms trying to rebrand as token-forward entities, Binance noted.

Binance’s report also flagged the rapid rise of tokenized real-world assets (RWAs), which have climbed more than 260% from $8.6 billion to $23 billion this year.



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Staking in crypto: The gateway or the trap?
NFT Gaming

Corporate crypto treasuries are surging despite mixed macro signals: report

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Corporate interest in digital assets is gaining momentum, with public companies increasingly allocating Bitcoin and Ethereum to their balance sheets, according to Binance Research’s latest weekly report.

Binance reported that more than 117 listed companies now hold over 800,000 BTC collectively, including recent adopters like Trump Media & Technology Group, which launched a $2.5 billion BTC strategy backed by 50 institutional investors. 

The report also noted Ethereum’s (ETH) growing presence in corporate treasuries, with SharpLink unveiling a $425 million ETH initiative advised by Consensys co-founder Joseph Lubin.

Mixed market sentiment 

Despite this institutional momentum, market sentiment remained mixed. Bitcoin (BTC) gave back recent gains, falling 5% over the week as profit-taking and broader asset rotation pressured prices. 

Ethereum declined 1%, while altcoins also retraced earlier gains. Binance attributed this to capital rotation and cautious sentiment amid persistent macro uncertainty.

Short-term sentiment received a lift from stronger U.S. consumer confidence and a series of trade truce announcements. However, longer-term outlooks are clouded by rising U.S. bond yields, a weaker-than-expected Q1 GDP contraction of 0.2%, and a newly passed U.S. tax bill projected to add $4 trillion to national debt over the next decade.

Binance highlighted that spot Bitcoin ETFs recorded ten straight days of inflows before reversing on May 29, suggesting underlying demand but a fragile investor outlook. 

Additionally, the correlation between Bitcoin and U.S. equities, particularly tech stocks, remains elevated. Meanwhile, gold ETFs saw continued outflows, marking a shift in risk preferences.

A cautious fed

Federal Reserve minutes released this week reinforced a cautious stance, with officials warning of “difficult trade-offs” if inflation were to reaccelerate. 

Expectations for interest rate cuts have been revised downward, with fewer than two cuts now priced in for 2025, down from four cuts priced in earlier this month.

Looking ahead, investors will be watching key U.S. data releases, including April’s PCE inflation and Powell’s remarks on June 2, as well as the European Central Bank’s decision on June 5. 

For the crypto sector, Bitcoin Seoul 2025 kicks off June 4, potentially offering further signals on institutional engagement and long-term adoption.

Binance concluded that while corporate adoption of digital assets is accelerating, structural risks remain, particularly for newer firms with limited risk controls and overexposure to crypto-linked valuations.



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XRP Lands Its First $10 Million Corporate Acquisition: Details
Crypto Trends

XRP Lands Its First $10 Million Corporate Acquisition: Details

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Data center operator Hyperscale Data has announced plans to purchase up to $10 million worth of XRP in preparation for the launch of its new blockchain-based lending platform in the third quarter of 2025. Led by its subsidiary, Ault Capital Group (ACG), it is a focused step into decentralized finance with an eye on serving U.S. public companies.

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As the core asset for a new enterprise lending system, XRP will be used exclusively for companies listed on the NYSE, NYSE American and NASDAQ. Initially in beta, the platform will allow eligible firms to borrow XRP on negotiated terms, backed by collateral or convertible into registered equity.

What about volatility?

As a hedge against crypto volatility, ACG plans to use XRP futures on the Chicago Mercantile Exchange. Additionally, the platform will be built on the XRP Ledger, which was chosen for its speed and low cost.

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However, the XRP acquisition and platform rollout depend on market and regulatory conditions, which Hyperscale acknowledged could affect the timing or scale of the project.

Despite this uncertainty, the company’s $10 million investment in XRP positions it among the first to bring tokenized finance to the public equity space in a structured, institutional way.



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Decrypt Courses Complete
NFT Gaming

What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

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In brief

  • Companies are increasingly adding Bitcoin to their corporate treasuries to hedge against inflation, diversify assets, and project a tech-forward image.
  • Game theory and investor pressure are accelerating adoption, with companies like Rumble and GameStop following the lead of pioneering firm Strategy.
  • Despite risks and market uncertainty, analysts predict that treasuries will hold up to $330 billion in Bitcoin by 2029.

From boardrooms to balance sheets, Bitcoin is no longer just a bet—it’s becoming a part of corporate financial strategy.

A small but growing number of companies are allocating portions of their treasuries to the number one cryptocurrency by market capitalization, aiming not only to protect assets and diversify beyond traditional finance but also to signal a forward-thinking stance.

What are corporate treasuries, anyway?

A corporate treasury refers to a company’s financial assets, including cash, stocks, and investments. To preserve capital and maintain liquidity, a company traditionally places surplus cash in instruments such as government bonds or money market accounts, which are seen as low-risk. However, an increasing number of companies are now turning to Bitcoin as an alternative asset.

“Any assets held are usually held to be counter-cyclical to the rest of the economy,” James Davis, co-founder of crypto futures market platform Crypto Valley Exchange, previously told Decrypt. “Strategic reserves are meant to counteract economic cycles,” he said. “What matters isn’t just price appreciation, but how the asset performs during downturns.”

This article will examine how companies are shifting focus to Bitcoin and integrating it into their treasury strategies to hedge against inflation, preserve value, and enhance financial resilience.

Why hold Bitcoin as a corporate treasury asset?

The number of companies holding Bitcoin continues to grow. Strategy (formerly MicroStrategy) gained a first-mover advantage by aggressively accumulating BTC under the direction of its chairman, Bitcoin bull Michael Saylor, starting in 2020. The trend gained momentum when Saylor offered to share his Bitcoin playbook with Tesla later that year, with the EV manufacturer subsequently purchasing $1.5 billion worth of BTC in February 2021.

Companies such as streaming platform Rumble and video game retailer GameStop had joined the trend. As of May 2025, both have added—or are in the process of adding—Bitcoin to their corporate treasuries, marking another step in the cryptocurrency’s mainstream adoption.

Game theory could explain this momentum, suggesting that as more companies adopt Bitcoin, others may feel pressure to follow suit—not necessarily out of conviction, but to stay competitive in public perception.

Companies that create Bitcoin treasuries often cite the cryptocurrency’s decentralized nature and fixed supply as a hedge against inflation, currency debasement, and the declining yield of traditional cash holdings.

“For most companies getting into Bitcoin, it’s hard to see these moves as more than a brand play,” Dr. Matthew Stephenson, Head of Research at venture capital firm Pantera Capital, previously told Decrypt. “The most strategic move, beyond just wanting Bitcoin people to think they’re cool, is addressing investors who keep asking, ‘What are you doing with new tech? What are you doing with crypto?’ Holding Bitcoin satisfies them.”

Which firms hold Bitcoin as a treasury asset?

The trend is gaining traction. As of May 2025, publicly traded companies holding Bitcoin in their treasuries include:

  • Strategy (formerly MicroStrategy): 580,250 BTC, approximately $64 billion
  • Marathon Digital Holdings: 48,237 BTC, approximately $5.3 billion
  • Riot Platforms: 19,211 BTC, approximately $2.1 billion
  • Tesla: 11,509 BTC, approximately $1.3 billion
  • Coinbase: 9,267 BTC, approximately $1 billion

How do companies hold Bitcoin in their treasuries?

Holding Bitcoin is more complex than simply transferring BTC to a crypto wallet. Companies typically use custodial services—specialized firms that store and secure digital assets. Coinbase Custody, BitGo, and Fidelity Digital Assets offer institutional-grade security, including cold storage, multi-signature wallets, and insurance.

However, holding Bitcoin does not guarantee safety from market uncertainty and risk.

“Crypto’s volatility makes it highly unpredictable compared to traditional assets,” Crypto Valley Exchange’s James Davis said. “It is also pro-cyclical, meaning its value tends to drop when the market requires liquidity the most, making it a risky reserve asset.”

The future of corporate Bitcoin treasuries

With inflation concerns lingering and digital assets gaining credibility, more companies are turning to Bitcoin as a strategic part of their treasury management.

Biotech firm Atai Life Sciences announced plans to adopt a Bitcoin treasury in March 2025. Just two months later, Strive Asset Management—co-founded by Vivek Ramaswamy—announced plans to accumulate Bitcoin.

Firms including Japanese investment company Metaplanet and medical device manufacturer Semler Scientific continue to add to their holdings, while in May 2025, the Financial Times reported plans by Trump Media to raise $3 billion to purchase Bitcoin and other digital assets.

While Strategy’s push to accumulate Bitcoin as a long-term store of value has influenced other firms, many—including crypto companies—remain hesitant due to the asset’s volatility. In May 2025, Coinbase CEO Brian Armstrong revealed that the company once considered allocating 80% of its balance sheet to Bitcoin but ultimately backed off, fearing the move could “kill the company.”

Despite some companies’ risk aversion, Bernstein analysts argued in a May 2025 research note that corporate treasuries will add $330 billion in Bitcoin by 2029.

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