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Green Minerals, Pather Metals Execute First Bitcoin Buy

Green Minerals and Panther Metals Make First Bitcoin Purchase

by admin June 25, 2025

Green Minerals and Panther Metals have added Bitcoin to their corporate treasuries, marking a new era for both companies in the mining and minerals industry. Notably, both companies announced plans to adopt a Bitcoin treasury strategy earlier this week.

Norway deep-sea mining firm Green Minerals on Wednesday completed its first BTC purchase to kickstart its Bitcoin treasury strategy. The company purchased 4 BTC worth 4.25 million Norwegian Kroner (USD $420.3k). The company has set an ambitious target to buy Bitcoin worth $1.2 billion.

This comes as UK-based Panther Metals acquired 1 BTC worth $5.4 million on Tuesday. The company plans an initial purchase of 4 million British pounds in Bitcoin to hold in its corporate treasury as an investment hedge. Also, the company will use its Bitcoin treasury to finance the purchase of the Pick Lake deposit, a constituent of the Winston Project in Ontario, Canada.

“Panther Metals is executing on a bold and innovative strategy to position ourselves as a true hedge between traditional fiat money markets and the rapidly evolving digital currency space,” said chief executive officer of Darren Hazelwood.

Meanwhile, Green Minerals adopted Bitcoin treasury strategy as part of its overall blockchain strategy. The company sees Bitcoin treasury strategy to support its project plans related to supply chain transparency, mineral origin certification and operational efficiency.

“This strategic move reinforces Green Minerals’ position not only as a leader in sustainable mineral extraction but also as an innovator in financial and technological practices,” said Green Minerals.

Green Minerals AS stock price has jumped 11% today and over 130% since announcing Bitcoin treasury strategy. Whereas, Panther Metals PLC stock price has rallied more than 47%, as per Yahoo Finance.

BTC price is currently trading at $106,712. The 24-hour low and high are $104,740 and $106,826, respectively. However, the trading volume has decreased by 30% in the last 24 hours, indicating a decline in interest among traders.

Also Read: Metaplanet Secures 10% of $5.4B Capital to Buy Bitcoin: CEO Simon Gerovich

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June 25, 2025 0 comments

NFT Gaming

BlackRock’s $160M Ethereum Purchase Marks Highest ETF Inflow in 4 Months

by admin June 13, 2025

BlackRock has bought more than $160 million in Ethereum (ETH) today. This is the largest daily ETH ETF inflow in the past four months, indicating new momentum in institutional demand, as well as the general investor sentiment towards Ethereum.

This data is provided by Arkham Intelligence, a blockchain analytics site that monitors whale-sized crypto transfers. This amount marks the biggest ETH inflow into the Ethereum ETF of BlackRock since February 5, 2025, when the company purchased $274 million in ETH.

The action of such a large institutional player is important. When a company the size of BlackRock, managing trillions in assets, makes a purchase of this magnitude, it is usually an indication that they have tremendous faith in Ethereum.

Rising interest in Ethereum ETFs

The move is also an indication of rising optimism towards Ethereum ETFs. Bitcoin has been stealing the ETF headlines this year, but Ethereum is now entering the limelight.

If this trend continues, Ethereum could soon attract even more institutional capital, something that long-term investors should consider when building or adjusting portfolios. For short-term traders, BlackRock’s buy-in could mean heightened volatility and trading opportunities as the market reacts.

It may be a good moment to watch key ETH price levels or volume spikes, especially if more institutional purchases follow. In the bigger picture, these movements suggest that the narrative around Ethereum is changing.

As Layer 2 scaling solutions improve and ETH solidifies its position in DeFi and beyond, institutions appear more willing to treat it as a serious long-term asset, not just a speculative play.

This BlackRock move could be a part of its grand plan to become the largest crypto asset manager in the world within the next five years.

The company revealed that it plans to focus its long-term strategy on Bitcoin, Ethereum, and tokenized funds. In addition, on Wednesday, the asset manager’s BTC ETF broke into the top 20 ETFs globally, according to a recent ranking by Bloomberg analysts.

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June 13, 2025 0 comments

GameFi Guides

KULR Strengthens Bitcoin Bet with $13M BTC Purchase

by admin June 10, 2025

KULR Technology Group is stepping deeper into the Bitcoin game. The energy storage company has picked up 118 more BTC this week and signed on to the Bitcoin for Corporations initiative, a project aimed at helping public companies navigate the shift toward Bitcoin-backed treasuries.

With this new purchase, KULR now holds 920 BTC, worth around $91 million in total. The company spent about $13 million on the latest batch, buying at a weighted average price of $107,861 per coin, including fees. Across all purchases, its average cost basis sits at $98,760 per BTC.

The announcement also marks KULR’s official entry into Bitcoin for Corporations, a joint effort by Strategy and Bitcoin Magazine that connects companies interested in adding Bitcoin to their balance sheets. Members get access to tools, frameworks, and a peer network focused on long-term BTC treasury strategy.

KULR’s interest in Bitcoin isn’t new. The company has been scaling its Bitcoin reserves since late 2024, when it restructured its treasury model to become what it now calls a “Bitcoin First” company. Since then, it has committed to parking up to 90% of its excess cash into Bitcoin.

KULR has recently acquired 118.6 BTC for ~ $13 million at ~ $107,861 per #bitcoin and has achieved BTC Yield of 260% YTD. As of 6/5/25, we hodl 920 $BTC acquired for ~ $91 million at ~ $98,760 per bitcoin. $KULR pic.twitter.com/3S8G91UYrV

— Michael Mo (@michaelmokulr) June 9, 2025

In a statement, CEO Michael Mo said the decision reflects the company’s belief in Bitcoin’s long-term role as a monetary asset. “Our commitment to Bitcoin for Corporations reflects a strong conviction in Bitcoin’s long-term value as a monetary asset,” he said.

So far in 2025, KULR has generated a 260% yield on its BTC holdings, fueled by both cash and equity-based funding through its At-The-Market program.

While most corporate Bitcoin headlines have focused on tech firms and miners, KULR’s presence stands out. Its core business is in energy systems, primarily for aerospace, defense, and space applications. But its financial strategy now reads like a playbook from the crypto-native world.

KULR’s stock has been slowly responding. It last traded around $1.23, up just over 4% on the day of the announcement.

By joining the BFC initiative, KULR joins a growing circle of companies treating Bitcoin not as a speculative asset, but as a reserve asset, one that could hedge against inflation, volatility, and a weakening fiat environment.

Also Read: Bitcoin Treasury Adoption Soars as Belgravia Hartford Buys BTC

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June 10, 2025 0 comments

Nintendo Switch 2's Game Chat will seemingly support both live subtitles and text-to-speech

Esports

Ampere Analysis: Over 13m players expected to purchase Switch 2 in 2025

by admin June 6, 2025

Over 13 million players are expected to purchase a Nintendo Switch 2 in 2025, according to a new report from Ampere Analysis.

The data firm predicts that the console will move 32.2 million units next year, 51.2 million by 2027, and 104.3 million by the end of the decade.

It noted that while initial sales of the Switch 2 will be higher “due to pent up demand from existing Switch users,” the console will see a “slower rate of sales” by 2030.

It came to this conclusion due to US tariffs adding “a layer of uncertainty” to the Switch 2’s performance outlook, and there not being a “pandemic-driven surge” in sales like with the original Switch.

Looking at the overall console market, Ampere Analysis predicts that Nintendo’s hardware share will increase by almost 50% by 2027.

As for standing against other gaming handhelds like the Steam Deck and the PlayStation Portal, the data firm said these devices were not “a significant threat to Switch 2 adoption”.

“[These] are niche in terms of sales and are often priced significantly higher than Nintendo’s new console, while offering a different experience,” it explained.

In fact, Ampere Analysis predicts that Switch 2 sales will surpass the lifetime sales of “the entire PC gaming handheld category” in its launch year.

For example, it highlighted how “56% of Steam Deck owners also use a Nintendo Switch” but only “1.3% of Switch owners consider the Steam Deck to be their primary console device”.

As for Switch 2 software, Ampere Analysis expects new titles to represent “a $7 billion to $8 billion market over the next two years, growing to $10 billion in 2028”.

Much like the original Switch, the Switch 2 didn’t launch with many day one titles. However, the data firm emphasised how Switch 2 ‘Edition’ games and upgrades to previous titles will encourage existing Switch owners to spend more on the new console.

It also identified the strength of third-party content for Switch 2, which will “bring Nintendo into more direct competition with Sony and Xbox consoles” with blockbuster ports of titles such as Cyberpunk 2077 and Final Fantasy 7 Remake.

Nintendo’s partnership with FromSoftware to produce The Duskbloods as a Switch 2 exclusive will also help “engage part-time Switch users” in focusing more of their attention on the console compared to PlayStation and Xbox, the firm said.

Elsewhere, Ampere Analysis suggested there was an “untapped opportunity” for Nintendo to utilise in-game monetisation on its platforms.

In 2024, it held a 4% share of the console market for in-game and DLC monetisation compared to 31% and 65% on Microsoft and Sony platforms, respectively.

It predicts that by 2027, Nintendo’s share could more than double to 10% if the platform holder focuses its efforts on this area of its business.

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June 6, 2025 0 comments

Crypto Trends

K-Pop Firm’s Stock Soars 143% After Revealing Bitcoin Purchase Plans

by admin June 4, 2025

In brief

A Korean entertainment firm vowed to dedicate a “significant portion” of its $500 million stock sale proceeds to building its Bitcoin treasury.
The firm’s stock recently rose 143% on Wednesday, shortly after the firm announced its Bitcoin treasury plans.
More than 200 entities have established Bitcoin treasuries, according to Bitcointreasuries.net.

A Korean entertainment firm’s stock soared 143% on Wednesday, shortly after it vowed to allocate a good chunk of its new $500 million raise toward building a Bitcoin treasury—a corporate strategy that’s become increasingly popular among public companies as the price has risen in recent months.

K Wave Media, which is listed on the NASDAQ, recently entered into an agreement to sell up to $500 million worth of its common stock to Bitcoin Strategic Reserve KMW, with the aim of reinvesting the proceeds into Bitcoin, the company said Wednesday in a statement.

“A significant portion” of that $500 million will go toward purchasing Bitcoin, in addition to funding long-term holding and yield-optimizing strategies for the token, according to a K Wave Media representative.

The firm also plans to allocate some funds to operating Bitcoin Lightning Network nodes and investing in Bitcoin-native infrastructure, according to its statement.

“Bitcoin offers not just a store of value, but a foundation for innovation, independence, and global scalability,” K Wave Media Co-Interim CEO Ted Kim said Wednesday in the statement. “By embedding BTC into our core strategy, we’re reinforcing our commitment to decentralization, agility, and future-facing value creation.”

K Wave Media did not immediately respond to Decrypt’s request for clarity on its process for determining the size of its Bitcoin treasury investment and how the funds would be divided among its various crypto-focused initiatives.

K Wave Media shares were recently trading at $4.67 on Wednesday Eastern Time, although the stock is down 61% year-to-date, according to Yahoo Finance data. The Korean firm’s corporate strategy shift comes as a growing number of companies imitate software firm Strategy’s Bitcoin-focused playbook.

A full 223 entities, which includes public and private companies, funds, and government actors, have established Bitcoin treasuries as of publication time, up roughly 9% in the past 30 days, according to data from Bitcointreasuries.net.

Investors’ increased interest in Bitcoin has coincided with an upswing in the crypto market, with the world’s oldest cryptocurrency hitting an all-time-high price of a little more than $112,000 on May 22, CoinGecko data shows.

However, the number of private and public companies investing in Bitcoin is still dwarfed by the number of firms that have shunned the digital asset. There are fewer than 4,000 public companies and 25 million private companies in the U.S. alone, according to data from the Cato Institute.

K Wave Media will reserve a part of its $500 million sale proceeds for K Wave Media’s working capital and merger-and-acquisition activities, with the aim of further expanding the firm’s content and K-pop related businesses.

However, the media firm is exploring blockchain integrations with its content and K-pop merchandising, underscoring its interest in increasing consumers’ exposure to the Web3 world.

Edited by James Rubin

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June 4, 2025 0 comments

James Wynn takes $5.3m loss, bets $1.2b on Bitcoin lifeline

NFT Gaming

K33 begins Bitcoin buying with 10 BTC purchase for treasury strategy

by admin June 3, 2025

Norwegian digital asset brokerage K33 has acquired 10 Bitcoin for approximately SEK 10 million.

This purchase marks the first transaction under its newly launched Bitcoin Treasury strategy. The Oslo-based company, listed on the Nasdaq First North Growth Market, plans to scale its Bitcoin (BTC) holdings over time, aiming for a minimum of 1,000 BTC.

🚨 It begins. K33 has made its first Bitcoin treasury purchase, and 10 BTC is now held on our balance sheet.

This is more than a transaction. It’s the opening move in a long-term strategy rooted in conviction and operational synergies.

We’re just getting started. pic.twitter.com/EGXi0WJqnj

— K33 (@K33HQ) June 3, 2025

The purchase follows K33’s announcement on May 28 that it raised SEK 60 million (around $5.6 million) from insiders and aligned investors, including Klein Group and Modiola AS, to fund its Bitcoin treasury.

The capital raise involved the issuance of 150.56 million new shares and 301.12 million free warrants, with the latter potentially unlocking an additional SEK 75 million if fully exercised before March 2026.

CEO Torbjørn Bull Jenssen said the strategy reflects K33’s belief in Bitcoin’s long-term role in the global financial system. “Our ambition is to build a balance of at least 1,000 BTC over time and then scale from there,” he said.

Bitcoin as a strategy

K33’s move aligns with a growing trend among public companies using Bitcoin as a strategic asset.

Interest from corporations in digital assets is increasing, with more and more public companies allocating Bitcoin to their balance sheets, according to a recent report from Binance.

K33 offers crypto trading, custody, and research services to institutional clients across EMEA.

By directly holding BTC, the firm aims to deepen synergies between its treasury assets and brokerage business, further anchoring its position in the digital asset market.

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June 3, 2025 0 comments

NFT Gaming

K33 Executes First BTC Purchase Under New Treasury Strategy

by admin June 3, 2025

James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.

In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).

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June 3, 2025 0 comments

GameFi Guides

Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans $1.5 Billion BTC Purchase

by admin June 2, 2025

In brief

Hong Kong-based Reitar Logtech has said it wants to buy 15,000 BTC.
The plan is to create a Bitcoin treasury, the Nasdaq-listed company said.
Reitar is the latest publicly-traded firm to announce such plans.

Nasdaq-listed Reitar Logtech is planning to buy $1.5 billion worth of Bitcoin, according to a Monday U.S. Securities and Exchange Commission filing.

The Hong Kong-based (RITR) said it was aiming to buy 15,000 BTC.

“The BTC Program will pave the way for the company to engage in logistics real estate projects which may involve digital assets in the future by establishing a reserve of digital asset through this initiative and setting up the necessary internal organization and technical infrastructure for managing such digital assets,” the company said in the 6-K SEC document.

It added that the “potential initiative” will allow it to “expand into new markets.” Reitar Logtech did not immediately respond to Decrypt‘s questions.

Reitar Logtech, which offers a range of services for logistics operators and logistic property invesstors, joins a growing list of companies aiming to provide shareholders with exposure to Bitcoin. They have been following the path of Strategy—formerly MicroStrategy—which pivoted from software development in 2020 to become the world’s largest corporate holder of Bitcoin.

Strategy stock has soared more than 2,800% over this period. The company on Monday announced its latest Bitcoin buy of about 705 Bitcoin worth roughly $75 billion based on current price. It now holds approximately 581,000 BTC worth $60.4 billion.

Other firms on the Nasdaq are also acquiringBitcoin, with healthcare company Cosmos Health (COSM), auto firm Worksport (WKSP), and energy storage company KULR Technology Group (KULR) all recently announcing crypto buys.

And in April, crypto and financial services giants Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group announced that they would create Twenty One, a publicly traded Bitcoin treasury company with plans to acquire 42,000 BTC—or about $4.5 billion worth.

Bitcoin was recently trading at about $104,500, down slightly over the past 24 hours according to crypto data provider CoinGecko. It is up nearly 11% year-to-date and hit a new all-time high of $111,814 in May amid a wider upturn in crypto markets.

Edited by James Rubin

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

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June 2, 2025 0 comments

NFT Gaming

Is Saylor About to Announce Another Massive Bitcoin Purchase?

by admin June 1, 2025

Michael Saylor, the eccentric co-founder of Strategy, has strongly hinted at yet another Bitcoin purchase.

As reported by U.Today, Strategy announced an additional $427.1 million Bitcoin purchase last week.

It remains to be seen whether the purchase will be able to move the market.

Usually, Strategy’s Bitcoin purchases result in very little volatility since they are widely priced in by the market. Of course, this does not mean that Strategy’s massive buying streak is insignificant. As reported by U.Today, banking giant JPMorgan recently identified these purchases as one of the key bullish catalysts for Bitcoin that could help the cryptocurrency outperform gold in the second part of the year after lagging behind the lustrous metal in early 2025.

Recently, Saylor attracted fresh criticism after rejecting the idea of publishing on-chain proof-of-reserves, citing security concerns. The statement was widely slammed within the cryptocurrency community, with many analysts noting that the concerns are overblown since some reputable firms perform proof-of-reserves without compromising their security.

Saylor’s controversial comment also helped fuel conspiracy theories about Strategy allegedly holding paper Bitcoin. Later, Arkham Intelligence, a popular analytics firm, stated that it had managed to track down the Bitcoins associated with Strategy.

Earlier this week, the billionaire also opined that it would get “exponentially harder” to actually buy Bitcoin.

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June 1, 2025 0 comments

GameFi Guides

CEO Ryan Cohen Speaks on GameStop’s Latest Bitcoin Purchase

by admin May 29, 2025

At the Bitcoin 2025 Conference in Las Vegas, GameStop CEO Ryan Cohen revealed reasons behind the company’s recent purchase of 4,710 Bitcoin. The surprising announcement from GameStop shook the industry on May 28, with the purchase nearly costing 513 million to the firm.

In the recent interview, Cohen stated that Bitcoin can protect investors from the risks of global currency devaluation and serious problems in the financial system. He also pointed out that BTC has similarities to gold and other such benefits make GameStop take the decision.

“If the thesis is correct, then Bitcoin and gold as well can be a hedge against global currency devaluation and systemic risk,” Cogen said. “Bitcoin has certain unique advantages compared to gold.”

He pointed out that Bitcoin’s limited supply is more reliable than gold. While gold has a mature market capitalization of $20 trillion, Bitcoin is only at $2 trillion currently, so there is a huge room for Bitcoin to gain in future, he said.

According to him, the company has gone through various changes after he took charge as CEO, pointing toward reduced costs, efficient finance management, as well as introducing new sources of revenue by selling collectables and trading cards along with video games. Moreover, Cohen also mentioned that the company has become profitable in the United States now.

However, Cohen was not specific about future Bitcoin purchases, saying GameStop makes its own decisions and does not copy what other companies do. He ended by telling investors not to get caught up in the GameStop craze and “Decide what to do on your own.”

Also read: GameStop Stock Price Eyes $45 on the Heels of Bitcoin Strategy

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May 29, 2025 0 comments