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Plans

NordVPN two-year plans are up to 77 percent off right now

by admin August 24, 2025

VPN users are overwhelmed with choice, and there are as many bad options out there as there are good ones. Luckily, NordVPN sits in the latter category, and right now Nord is offering discounted plans across its various tiers. If you take out a two-year NordVPN Plus plan (the company’s most popular plan) it’ll cost you $108 for the duration of the contract, with Nord throwing in three extra months at no extra cost. That’s 73 percent off the usual rate.

As well as Nord’s VPN service, a Plus plan also includes the Threat Protection Pro anti-malware tool, password management and an ad- and tracker-blocker. A Prime plan additionally comes with encrypted cloud storage or NordProtect, which insures you against identity theft and monitors dark web activity. That’s also on sale — down to $189 on the same two-year commitment with those three additional months thrown in, which works out to a 77 percent savings on the regular price.

Nord

When Engadget’s Sam Chapman reviewed NordVPN earlier this year, he praised its excellent download speeds, exclusive features and extensive server network. Less impressive is its clunky interface and inconsistent design when jumping between different platforms running a NordVPN app. While it doesn’t quite make the cut in our guide to the best VPNs available right now, it generally performed well in speed tests and Threat Protection Pro is really worth having.

Follow @EngadgetDeals on X for the latest tech deals and buying advice.

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August 24, 2025 0 comments

GameFi Guides

Eric Trump’s BTC Price Predictions, Acquisition Plans, and Metaplanet Visit

by admin August 23, 2025

Eric Trump is deepening his role in digital assets with reported plans to attend a shareholder meeting in Tokyo, public predictions about bitcoin’s price, and new corporate ventures that extend the Trump family’s crypto push into Asia.

Bloomberg reported Friday that Trump will join a Sept. 1 shareholder meeting of Metaplanet, a Japanese company following Michael Saylor’s Strategy (formerly, MicroStategy) playbook, citing people familiar with the matter. Trump was appointed as a strategic adviser in March. His Tokyo stop will apparently follow an appearance at the Bitcoin Asia conference in Hong Kong on Aug. 28–29.

A day earlier, Trump appeared at the Wyoming Blockchain Symposium, where he described himself as a “bitcoin maxi” and said he now spends more than half his time on crypto projects. He predicted bitcoin would reach $175,000 by the end of 2025 and eventually climb past $1 million. He argued that bitcoin and blockchain could address flaws in traditional finance, such as slow payments and settlement processes.

The Financial Times reported onAug. 15 that American Bitcoin — a miner and treasury company co-founded by Eric Trump and his brother Donald Trump Jr. — is exploring acquisitions of listed firms in Japan and Hong Kong to use them as vehicles for stockpiling bitcoin, following the playbook pioneered by Michael Saylor’s MicroStrategy. The company is preparing to go public in the U.S. through a reverse merger with Nasdaq-listed Gryphon Digital Mining. Eric Trump is a co-founder and the chief strategy officer.

American Bitcoin emerged in May from a reorganization of American Data Centers, a Trump-linked entity that absorbed rigs from Canadian operator Hut 8. The firm has said it aims to become the world’s most efficient bitcoin accumulation platform, combining active treasury management with new coin production.

The Trumps’ crypto ambitions extend beyond Eric Trump. Trump Media & Technology Group, parent of Truth Social, raised more than $2 billion in the second quarter to create a bitcoin treasury. President Donald Trump disclosed in June $57 million in income from World Liberty Financial, a crypto startup launched last September.

Together, these moves highlight how Eric Trump and his family are aligning themselves with crypto at a time when Japan and Hong Kong are competing to attract digital asset firms.

Japan’s Financial Services Agency (FSA) will approve the first yen-denominated stablecoin as early as this fall. Meanwhile, Hong Kong has introduced the Stablecoins Ordinance, a regulatory framework that requires fiat-referenced stablecoin issuers to obtain a license from the Hong Kong Monetary Authority (HKMA).

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August 23, 2025 0 comments

Game Updates

Silksong will get DLC and “some of the plans for that stuff are kind of ambitious as well”

by admin August 23, 2025

Hollow Knight: Silksong began life as a DLC expansion, but then developers Team Cherry decided the concept was “too large and too unique”, and upgraded it into a full game. They spent six years working on the thing in almost total silence, while fulminating legions of the terminally online quietly drove themselves bonkers hunting for release date clues. We now have a Silksong release date – it’s just two weeks away – so in theory, the nightmare is over. Except, oh dear – Team Cherry are planning post-launch content for Silksong, and they’re already calling it “ambitious”.

All that’s from this week’s breakout interview with Press X To Jason Schreier, the person who considerately does all the investigative reporting in games journalism so that humbler souls like myself can spend our days taking the piss out of him. According to Schreier, “they’re already making big plans to add extra content to Silksong in the months and years to come.” Then there are some snippets from Team Cherry’s founders Ari Gibson and William Pellen.

“Launching it is obviously quite exciting,” Pellen said. “What comes after for us is equally as exciting.”

“The most interesting thing now is what can we add to it next,” interjected Gibson. “We got a plan. Admittedly, some of the plans for that stuff are kind of ambitious as well, but hopefully we can achieve some of it.”

Those monsters! I look forward to revisiting this post in 2030, assuming RPS hasn’t been turned into sausages by then, while writing up the latest rumours about Hollow Knight: Polyestertune or Satinmelody or whatever they end up calling the third one. In fairness, Hollow Knight did get actual DLC expansions before Silksong that launched at a regular rate.

In any case, the DLC tease is perhaps better interpreted as show of kindness. Earlier in the interview, Gibson and Pellen fret that by actually releasing Silksong, they’re spoiling things for players for whom the real Silksong is speculating endlessly about the release of Silksong.

“It’s nice that people are passionate about the game, and that they’ve obviously formed their own strange or very exciting communities around it,” said Gibson, diplomatically. Added Pellen: “Feels like we’re going to ruin their fun by releasing the game.” I guess their tantalising talk of “ambitious” post-launch material is a bid to keep the dream alive, then.

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August 23, 2025 0 comments

NFT Gaming

EU speeds digital euro plans with Ethereum and Solana

by admin August 22, 2025

The European Union is stepping up its plans for a digital euro, now exploring the use of public blockchains such as Ethereum and Solana to expand its reach.

Summary

The EU is fast-tracking plans for a digital euro, with officials now considering public blockchains for its launch.
U.S. stablecoin regulations and the rising global adoption of digital currencies have raised concerns about the euro’s competitiveness.
European banks have reportedly expressed resistance, warning that the digital euro could reduce demand for traditional financial services.

The EU is accelerating efforts to launch a digital euro amid growing concerns over losing ground as global competition rises. According to an Aug. 22 Financial Times report, the push is in response to increased adoption of stablecoins and new regulatory clarity in the United States after the passage of the GENIUS Act.

Officials fear that the U.S. regulation could further strengthen the dollar’s dominance in the $288 billion stablecoin market, which is already largely composed of USD-pegged tokens. This, in turn, could weaken the euro’s global influence and has prompted the EU to speed up its digital currency plans.

The European Central Bank has been exploring the launch of a digital euro for several years, which will be an electronic form of cash usable for financial transactions across the Eurozone. The push is driven by rising global demand for digital payment systems and the declining use of cash.

Central Bank executive board member Piero Cipollone said earlier in May that while cash will remain available, it “cannot do the job” alone in the digital age. He added that a central-bank-backed digital currency would ensure public money remains accessible, complement cash, and ensure that the euro remains relevant in a digital world.

EU eyes Ethereum and Solana for digital euro rollout

As part of efforts to speed up the launch, officials are now weighing the option of using public blockchains. Previous plans had focused on launching the digital euro on a private blockchain, where payments and wallets would remain under the direct supervision of the European Central Bank.

Officials are now considering Ethereum and Solana as potential options, driven by expectations that their use could enable wider circulation and support global adoption.

However, not everyone is on board with the initiative, and European banks have reportedly pushed back against the rollout of a digital euro. Earlier reports indicated that banks view the digital currency as a potential threat to their existing business models, expressing concerns that it could reduce interest in traditional financial services.

For now, the expected rollout timeline of the digital euro remains uncertain. The Central Bank had previously suggested October 2025 as a possible launch date, but recent developments indicate the project may be fast-tracked. The launch is also subject to legislative approval and the implementation of all necessary regulations.

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August 22, 2025 0 comments

Gaming Gear

Verizon’s Simple Mobile and Total Wireless Plans Expand International Features

by admin August 20, 2025

Travel patterns are changing, with more people in the US venturing outside the country and needing to stay connected. To accommodate this surge, Verizon is boosting the international options in its prepaid Simple Mobile and Total Wireless phone brands starting Aug. 28.

Most phone plans include options to call and text people in Canada and Mexico, along with some roaming options for US travelers. Depending on the plan, those options are extended to many other countries around the globe. But you often end up paying for a more expensive plan than you need in order to get the travel benefits.

Now, the Simple Mobile and Total Wireless brands are expanding their international options and increasing data allotments so you can travel using the plan you carry every day without the stress of finding local coverage.

See also: Make sure you have a good phone for traveling.

Simple Mobile changes

The Simple Mobile prepaid plans include an allotment of high-speed data before downshifting to slower unlimited data. Be sure to check the details for specific countries on the site. Here’s how they break down:

The $25 Unlimited plan includes 15GB of high-speed data (up from 3GB) and unlimited calling to more than 100 countries.
The $30 Unlimited plan includes 20GB of high-speed data (up from 5GB) and unlimited calling to more than 125 countries (up from 100 countries).
The $40 Unlimited plan includes 30GB of high-speed data (up from 15GB) and unlimited calling to more than 125 countries (up from 100 countries).
The $50 Unlimited World plan, formerly named the Truly Unlimited plan, includes unlimited high-speed data and unlimited calling to more than 200 countries (a doubling of the number of countries from before).
The $60 Unlimited World Plus plan, formerly the Truly Unlimited Plus plan, includes unlimited access to Verizon’s fastest network, 5G Ultra Wideband (where available) and unlimited high-speed data. It also doubles the number of countries with unlimited calling to over 200, and offers international roaming in more than 140 countries.

Total Wireless Plans

The top two Total Wireless plans, Total 5G Unlimited ($50 a month) and Total 5G Unlimited Plus ($60 a month), feature unlimited high-speed data, including 5G Ultra Wideband speeds.

As of Aug. 28, roaming coverage for those plans doubles to more than 30 countries and international calling to 180 countries.

The Total Base 5G Unlimited plan stays the same with unlimited high-speed data (but not 5G Ultra Wideband), international calling to more than 85 countries and texting to over 200 destinations and roaming in Canada and Mexico.

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August 20, 2025 0 comments

Crypto Trends

401(k) Crypto Retirement plans ‘bigger’ than Bitcoin ETF approval: analyst

by admin August 19, 2025

The inclusion of cryptocurrency in US retirement plans could mark a milestone for Bitcoin adoption and unlock billions of dollars in new capital, potentially pushing the asset above $200,000 by the end of 2025, according to André Dragosch, the head of European research at crypto asset manager Bitwise.

President Donald Trump paved the way for cryptocurrency inclusion in US 401(k) retirement plans after signing an executive order on Aug. 7, granting Americans access to digital assets through their retirement plans.

The inclusion of crypto in 401(k) plans may be even more significant for the Bitcoin (BTC) price than the approval of the US spot Bitcoin exchange-traded funds (ETFs) in January 2024, Dragosch said.

This “bullish” development may be even “bigger than the US Bitcoin ETF approval itself,” signaling another $122 billion worth of new capital, assuming a modest 1% portfolio allocation, Dragosch told Cointelegraph during the Chain Reaction daily X spaces show on Monday, throwing in a price prediction for good measure:

“The official prediction remains $200,000 by the end of the year.”

“If you look at 401(K) and defined-contribution retirement plans in the US, they are huge,” said Dragosch, adding that 1% is a “relatively conservative” allocation estimate for the $12.2 trillion industry.

Is Bitcoin Headed for a 2025 Peak? Or is the 4-Year Cycle Dead? https://t.co/DckFjvkJIx

— Cointelegraph (@Cointelegraph) August 18, 2025

Including digital assets in retirement plans will enable 401(k) portfolio managers to invest in Bitcoin ETFs, which may push Bitcoin’s price to new all-time highs, flashing another optimistic signal for Bitwise’s $200,000 Bitcoin price target for the end of 2025.

Related: Bitcoin’s corporate boom raises ‘Fort Knox’ nationalization concerns

Fed policy, retirement plans seen as dual drivers

Based on Bitwise’s survey for financial advisers, most portfolio managers are more likely to recommend a 2.5% or 3% Bitcoin allocation for retirement plans, suggesting more significant inflows than the initial 1% allocation.

The first Bitcoin inflows from retirement plan managers may come as soon as this fall, coinciding with the first expected interest rate cut by the US Federal Reserve, which may drive Bitcoin to new highs, said Dragosch, adding:

“If you see further Fed rate cuts, there’s definitely a case for $200,000 by the end of the year.”

Markets are pricing in an 83% chance that the Fed will keep interest rates steady during the next Federal Open Market Committee meeting on Sept. 17, according to the latest estimates of the CME Group’s FedWatch tool.

Fed target interest rate probabilities. Source: CME Group’s FedWatch tool

Related: Analysts see Bitcoin buyer exhaustion as retail shifts to altcoins

Beyond improving monetary policy expectations, Bitcoin adoption may also be accelerated by the financial incentive of 401(k) plan providers to offer Bitcoin ETF exposure.

BlackRock, Fidelity and Vanguard are among the largest retirement plan providers in the US. While Vanguard has yet to “greenlight” crypto ETFs, “BlackRock and Fidelity have a huge economic incentive to include these Bitcoin ETFs in their standard plans,” said Dragosch.

US spot Bitcoin ETF overview by market share. Source: Dune

BlackRock is the issuer of the largest Bitcoin ETF, the iShares Bitcoin Trust, with over $84 billion in assets under management, accounting for 57.5% of the total market share, while Fidelity’s ETF is the second-largest, holding $22.4 billion, accounting for 15.3% of the total market share, Dune data shows.

Last Friday, US Securities and Exchange Commission Chair Paul Atkins confirmed that the regulatory agency is working with the Trump administration to enable retail investors’ retirement plan access to private equity, including crypto assets, but urged the necessity of “proper guardrails” around alternative investments.

Magazine: Crypto traders ‘fool themselves’ with price predictions — Peter Brandt

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August 19, 2025 0 comments

NFT Gaming

Japanese 3D Housing Firm Plans Bitcoin Buy After NFT Housing Initiative

by admin August 19, 2025

Japan-based 3D printed housing firm Lib Work Co. has become the latest non-crypto native company to buy Bitcoin for its corporate treasury, coming just a month after launching an initiative that uses non-fungible tokens to store house designs.

In a Monday statement following its board meeting, Lib Work announced plans to purchase 500 million Japanese yen ($3.3 million) worth of Bitcoin (BTC) as a hedge against “inflationary trends” in Japan and the risks of “holding assets only in cash.”

“Therefore, our company has decided to adopt a phased approach to acquisition and holding, in response to these risks and to prepare for future growth areas with overseas operators,” the firm said.

Three-month Bitcoin buying spree

Lib Work will buy Bitcoin in a series of purchases from crypto exchanges starting in September and continuing until December, while also establishing a risk management system, according to its statement.

At current prices, one Bitcoin is worth around $115,377, meaning the company could buy roughly 28 for $3.3 million, making it 105 on the list of top Bitcoin treasury companies, overtaking French payment provider BD multimedia.

Source: Lib Work Co.

It comes only a month after Lib Work launched an NFT-backed 3D printed housing initiative to store blueprints on the blockchain and use Bitcoin as a payment method.

First NFT house blueprint goes live

Lib Work said in a July 25 statement that one of its house designs, a Lib Earth House Model B, was issued as an NFT and aims to protect the intellectual property and to act as an ownership certificate linked to the physical home.

The NFT can store the house’s ID, history, and ownership information on the blockchain to ensure buyers hold exclusive design rights and prevent unauthorized blueprint plagiarism.

“Because 3D printed houses are based on digital designs, protecting the rights to these design files and managing their licenses is essential,” Lib Work said.

“Currently, blockchain technology and NFTs are expanding beyond the art and music industries into real estate and intellectual property sectors.”

NFT blueprints could help solve building challenges

In recent years, the construction industry has faced labor shortages and soaring material costs, which, according to Lib Work, show the “limitations of traditional construction methods.”

Related: Strategy adds $51M in Bitcoin as price hit $124K ahead of sharp dip

The company said 3D printing construction methods and asset digitalization could help solve some of these challenges by reducing labor, time, costs and “creating new international housing markets for the metaverse and Web3 era.”

“By creating NFTs for 3D printed houses, Lib Work will build new housing distribution mechanisms for investors and users worldwide, actively promoting international brand value and expansion into new markets.”

Lib Work was founded on Aug. 1, 1997. The firm changed its name in April 2018 and started focusing on building 3D printed homes.

It mainly sells detached houses and real estate using the internet and virtual reality, according to its company profile.

Magazine: Scottie Pippen says Michael Saylor warned him about Satoshi chatter

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August 19, 2025 0 comments

NFT Gaming

Dogecoin Price Analysis as Qubic Community Plans a 51% Attack on Dogecoin, $DOGE’s Price Action Remains Reactive, and Maxi Doge Soars

by admin August 18, 2025

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

Stay Ahead with Our Immediate Analysis of Today’s Dogecoin Updates

Check out our Live Dogecoin Updates for August 18, 2025!

In 2025, Dogecoin stands shoulder-to-shoulder next to Bitcoin. One is the first cryptocurrency, while our doggo friend is widely recognized as the first meme coin.

Launched in 2013, $DOGE is up by over 39,000% today, looking at a price of over $0.22 and a trading volume in the billions of dollars. If anything, Dogecoin proves that ‘anything is possible’ in crypto, and even underdogs can become industry giants.

With endorsements from industry moguls like Elon Musk and official investment vehicles like the Grayscale Dogecoin Trust, $DOGE seems to be going nowhere but up.

Click to learn more about Maxi Doge

Maxi Doge ($MAXI) is Dogecoin’s bodybuilder cousin chugging Red Bull and scalping cryptos at 3AM in the morning.

Embodying full-send chaos and pump potential 2.0, $MAXI is for degen traders who don’t hesitate and keep diamond hands on some of the riskiest plays.

While meme coins are a dime a dozen, Maxi Doge is max-commitment, max cojones, and aiming for legend status in the memecoin land.

Simply put, if rat poison squared took form, it would probably look like Maxi Doge. And this meme coin is still in presale.

If you’re looking for the newest insights on Dogecoin and doge-related projects and meme coins, you’re in the right place.

We update this page frequently throughout the day, as we get the latest and greatest insider insights for Doge lovers and memecoin enthusiasts, so keep refreshing!

Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you.

Today’s Dogecoin Technical Analysis 📊

Dogecoin has dropped over 9% in just the past few hours, sparking panic among meme coin enthusiasts.

On the brighter side, though, the token is now approaching a key support zone – the same level that fueled a 16% rally in early August and has previously acted as both strong support and resistance.

On the 4-hour chart, Dogecoin’s price is trading comfortably below the short-term moving averages (10, 20, 50, and 100 EMA), leaving only the 200 and 400 EMAs as meaningful layers of support as far as technical indicators are concerned.

So, if Dogecoin breaks below these zones, it could trigger a deeper correction, possibly toward $0.18864. This would result in another 14% drop from current levels.

However, on the daily chart, Dogecoin has yet to even test its 50 EMA. This suggests that while short-term price drops are to be expected, the longer-term outlook remains bullish. That said, a clear continuation signal will still be needed to confirm the trend.

Dogecoin Under Fire: Maxi Doge is Built to Withstand

August 18, 2025 • 10:00 UTC

Dogecoin slipped over 4% today as the Qubic community voted to target it with a 51% attack like the one it launched on Monero, which caused a sharp decline in its price.

The threat has sparked panic among $DOGE holders, with Santiment’s NPL data showing the largest loss since July 2022, and Coinglass’s long-to-short ratio hitting 0.79, signaling potential for further price decline.

With $DOGE under attack, traders are rotating to new meme coins on presale like Maxi Doge.

Unlike Dogecoin, Maxi Doge ($MAXI) is not a proof-of-work coin, making it immune to Qubic’s mining-based 51% attacks. It also lacks minting or blacklist functions that could be exploited by attackers. What’s more, its smart contract’s been audited with zero critical vulnerabilities found.

As dogens look to camp out while Qubic eyes its next mark, find out how to move your funds into Maxi Doge.

Why Maxi Doge Is Eating Dogecoin’s Lunch

August 18, 2025 • 10:00 UTC

The old alpha $DOGE appears to be skulking back as tokens that solve real problems take the lion’s share.

Trading near $0.22, Dogecoin’s price action remains highly reactive; driven more by sentiment than substance, showing sharp rallies often followed by steep drops.

With no clear roadmap, limited utility, and hype cycles that fizzle fast, $DOGE’s role as a portfolio staple may be fading.

Traders are increasingly looking for tokens with stronger fundamentals, tokens like Maxi Doge ($MAXI): the meme coin built for this new cycle.

Maxi Doge embodies extreme degen culture, featuring a muscular, caffeine-fueled Shiba Inu with a no pain, no gain attitude to life and trading.

While $DOGE struggles to maintain relevance, Maxi Doge is flexing rapid gains through high-intensity presale sessions.

Offering zero-tax trading, dynamic staking rewards, and a community jacked, juiced, and pumped for breakout momentum, $MAXI is where smart degen money is moving now.

Discover the next 1000x crypto.

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.

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August 18, 2025 0 comments

GameFi Guides

Gemini Plans to Go Public via Nasdaq as Crypto IPOs Boom

by admin August 18, 2025

Cryptocurrency exchange Gemini announced Friday that it has submitted a public S-1 filing with the SEC to launch a planned initial public offering, two months after previously revealing a confidential filing with the regulator.

Gemini, which was founded in 2014 by billionaire Bitcoin investors Tyler and Cameron Winklevoss—perhaps best known for their role in the creation of Facebook—plans to list via the Nasdaq Global Select Market under the ticker GEMI.

Details on the number of shares to be offered or the price range have yet to be announced. Similarly, no timeline for the planned IPO has been shared as of yet.

Goldman Sachs, Citigroup, Morgan Stanley, and Cantor will serve as lead bookrunners, according to a press release, along with several additional bookrunners. Academy Securities and AmeriVet Securities will be co-managers.

The initial confidential SEC filing came soon after the blockbuster IPO of USDC stablecoin issuer Circle, which saw its share price almost immediately triple from the $31 offering mark after trading began in June. It went on to peak at approximately $299, though shares in CRCL have since settled to a price of $149 as of Friday’s markets close.

We saw a similar appetite for crypto IPOs just this week when Bullish, a crypto exchange focused on institutional investors, saw its share price more than triple from the $37 offering mark on the first day of trading. BLSH traded hands at just under $70 at the close of trading Friday.

Crypto firms like OKX, Grayscale, and Kraken have also signaled plans to go public, while major crypto-centric public companies like Coinbase and Strategy have set records in recent weeks.

The regulatory environment has dramatically improved for crypto since President Trump returned to the White House in January, with the SEC abandoning nearly all of its lawsuits against crypto firms and Trump signing the GENIUS Act stablecoin bill into law last month.

Editor’s note: This story was updated after publication with additional details.

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August 18, 2025 0 comments

NFT Gaming

Adam Back’s $2.1B BTC Treasury Play Plans to Overtake MARA in BTC Holdings

by admin August 17, 2025

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.

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August 17, 2025 0 comments