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DJI Is Clearing Out Its Summer Stock of Mini 4K Drones, Prices Back to Black Friday Lows
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DJI Is Clearing Out Its Summer Stock of Mini 4K Drones, Prices Back to Black Friday Lows

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Choosing the right drone can feel like a real challenge with so many options out there. But if you’re just starting out or flying for fun, there’s one key thing to keep in mind: your drone should weigh under 250 grams to avoid the hassle of FAA registration and Remote ID requirements.

That narrows your choices quite a bit, and luckily, DJI offers two solid options in that category. The ultimate bang for your buck is the Mini 4K — and right now, it’s available on sale at an all-time low of $249, down from $299, at Amazon.

See at Amazon

The Ultimate Drone with Impressive Power and Precision

The DJI Mini 4K is not just light but it’s also designed to impress. Its small body is lightweight but it’s what it does in the air that truly counts: Loaded with a 4K Ultra HD camera and combined with a 3-axis gimbal stabilization system, it records video with silky, movie-quality smoothness. Whether capturing a sunrise, sunset, or nighttime scene, the sharpness and clarity are excellent. This means you don’t necessarily need to be an expert to create professional-grade videos.

Due to its brushless motors, the Mini 4K supports wind resistance as high as 38 kilometers per hour — that’s Level 5 wind resistance. It also comes with the ability to take off and fly at altitudes as high as 4,000 meters. This guarantees that your flying experience is still stable and sensitive even if the weather gets a bit challenging.

The increased battery life adds an important plus to your flight duration: You can purchase sets that include one battery for 31 minutes (like that one on sale at Amazon), two batteries total of 62 minutes, or even three batteries where you can fly for up to 93 minutes.

Casual flyers and beginners will appreciate its simplicity and safety features: With one-tap takeoff and landing, GPS-enabled “Return to Home” and automatic hovering, even those new to drones can quickly get comfortable behind the controls. Plus, the DJI Fly app offers in-app tutorials to speed up the learning process so you’ll be flying and capturing your best shots in no time. The Mini 4K also comes with intelligent QuickShots like Helix, Dronie, Rocket, Circle, and Boomerang that make tricky flying maneuvers a breeze and capture stunning shots with only a few taps.

If you want to try aerial photography, this drone is the ideal friend.

See at Amazon



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Crypto Trends

Bakkt Stock Spikes Past Analysts’ Price Target After Adding Crypto Veteran to Board

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In brief

  • Crypto industry veteran Michael Alfred is joining the board of Bakkt, a provider of digital asset services.
  • The company’s share price jumped more than 40% on the day.
  • Bakkt has been looking to reposition itself in recent months, including with plans for a potential Bitcoin treasury.

Bakkt Holdings’ share price jumped past analysts’ one-year consensus target on Monday after the provider of digital asset services announced that noted crypto investor and entrepreneur Michal Alfred was joining the board.

BKKT rose more than 40% on the day to close at $14.70 per share, its highest level since late July, according to Yahoo Finance data, and above analysts’ average prediction of $13.26. Alfred was a co-founder of Digital Assets Data, a crypto-focused data platform acquired by NYDIG in 2020, and has invested in multiple high profile firms, including Swan Bitcoin and Bitwise Asset Management.

“We’re doubling down on our mission to build next-generation financial infrastructure by bringing world-class leaders onto our board,” Bakkt CEO Akshay Naheta said in a statement. “Mike’s proven track record and reputation in the digital asset and fintech ecosystem brings unparalleled expertise, a powerful network and institutional credibility.”

The company has repositioned itself in recent months as it looks to elevate its stock price, which is down more than 40% year-to-date and over 94% since reaching an all-time high in late 2021.



In July, Bakkt announced that it had sold its loyalty rewards business for $11 million as it looked to focus more tightly on digital asset infrastructure.

The sale aimed to streamline operations and allow the company to focus on core crypto services, including custody, stablecoin payments, and tokenized assets. In the second quarter, its crypto business generated more than $568 million in revenue, while the loyalty unit brought in some $10 million.

In June, Bakkt notified the U.S. SEC of plans to sell up to $1 billion in securities to provide fresh capital for a possible expansion of its corporate treasury to include Bitcoin. That followed less than three weeks after the company updated its investment policy, allowing it to include Bitcoin and other digital assets as part of a broader treasury strategy.

Earlier this month, investment bank Benchmark Company initiated coverage with a buy rating and price target of $13. Analyst Mark Palmer wrote that the company “is poised for a fresh start after a period of restructuring that has streamlined its focus and reset its growth trajectory.”

“The divestiture of its custody business and the pending sale of its legacy loyalty business mark a decisive exit from capital-intensive, non-core operations that weighed on its profitability and investor confidence,” Palmer wrote.

He noted Naheta’s hiring in March and the Bitcoin and stablecoin initiatives, among other positive developments.

In a statement, Alfred said he was looking forward to working with Bakkt on its next growth phase.

“Bakkt has a unique opportunity to deliver a trusted fintech platform for institutions in four transformative trends over the next decade: digital asset trading, stablecoin payments, AI agents, and Bitcoin,” he said.

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Helius Stock Dives After First Solana Treasury Buy for $168 Million in SOL

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In brief

  • Helius Medical Technoligies (HSDT) shares are down more than 16% on Monday.
  • The firm announced it acquired 760,190 SOL in its first Solana acquisitions, valuing its treasury at $168 million.
  • It maintains an extra $335 million in cash, which it will ultimately use to bolster its treasury.

Shares in medical device and neurotech company Helius Medical Technologies dropped 16% on Monday amid news that the firm made its first Solana treasury acquisition. 

Helius added 760,190 SOL at an average purchase price of $231, valuing its treasury at around $168 million. It still maintains around $335 million in cash which will help propel further additions to its Solana treasury. 

“It has been gratifying to receive shows of support from multiple stakeholders across the Solana ecosystem, including staking providers, DeFi protocols and others,” said Helius Executive Chairman Joseph Chee, in a statement. “We take our responsibility to maximize shareholder value seriously and are eager to execute against our plan.”



The firm first announced its intentions to build a Solana treasury last week, raising $500 million via an oversubscribed private placement in public equity (PIPE) led by Pantera Capital and Summer Capital to kick off its treasury operations. 

The news sent shares of HSDT up 141% to $18.27 in the process last Monday. It climbed further still throughout the week, closing trading on Friday at $24.29.

With its strategy officially underway though, shares have fallen to $20.19 as of this writing. Even so, it’s still up about 218% over the last month.

“We are excited to embark on our SOL accumulation plan in an efficient manner,” Cosmo Jiang, a general partner at Pantera Capital and a board observer at Helius, said in a statement. 

“The initial accumulation at a lower cost basis than recent market prices, while still retaining the large majority of its capital raised for more opportunistic purchases, showcases how laser focused the team is on maximizing shareholder value by having market awareness and being responsible stewards of capital,” he added.

Solana traded above the firm’s average purchase price of $231 all last week, but slipped below the mark on Monday. SOL is down around 6.9% in the last 24 hours and now down 5% on the week, changing hands at $221.19.

SOL’s drop on Monday has led to a notable shift in odds for Myriad Markets’ Solana all-time high market, which asks predictors whether or not the asset will hit a new peak price before the end of 2025. Odds of a new all-time high stand at 50%, down 13.6% in in the last 24 hours as the token has fallen. 

(Disclaimer: Myriad Markets is a product of Decrypt parent company, DASTAN).

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This 4-Pack of AirTags Is Selling for Pennies, Amazon Just Wants Them Off the Shelves
Game Updates

AirTags Are Going for Pennies, Amazon Seems Ready to Liquidate the Rest of Its Stock

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One of Apple’s most practical products is not a MacBook or an iPhone. It’s something much smaller that addresses a headache just about everyone experiences: losing things. Apple’s AirTag has become an international best-seller because it makes keeping track of your things so easy, whether that’s your keys, your suitcases while traveling or even your kid’s backpack at school.

Right now, Amazon has an all-time-low deal with a single AirTag dropping to just $21 (down from $29) and the 4-pack decreasing to $74 (normally $99).

See Single AirTag at Amazon

See 4-pack AirTags at Amazon

AirTags Are the Everyday Fix You Didn’t Know You Needed

If you have ever spent mornings searching for your keys or nervously hoped your suitcase made it onto the right plane, AirTags can make your life a lot easier. The technology that goes into them is really cool for devices so tiny. All AirTags use Apple’s Find My network which taps into hundreds of millions of iPhones, iPads, and Macs around the globe. You’re not just using your phone by itself to locate your item, then – there’s an entire crowd-sourced network trying to help you locate it. And in everyday use, it functions with incredible accuracy.

It doesn’t get much simpler to set one up. Place the AirTag alongside your iPhone or iPad, tap once as prompted, and it’s set. Then you can attach it to whatever you need to track. Most begin with wallets, keys or bags, but you’ll find many creative uses. Parents have been known to attach one to a child’s school bag, travelers place one in checked luggage and some even attach them to expensive gear or bikes for extra security. Because the AirTag itself is just over an inch in diameter and weighs only 0.39 ounces, it never feels obtrusive or out of place.

An individual AirTag uses a standard CR2032 coin battery that will survive for about a year before you’ll want to replace it. That means you won’t need to stress about charging it constantly unlike so many other intelligent gadgets. The AirTag also has an IP67 water and dust resistance rating so it will be okay if it’s caught in the rain or dropped in a puddle. For iPhone 11 and later users, Precision Finding uses ultra-wideband technology to give you on-screen arrows and even haptic feedback to guide you to your lost item, which offers you the exact direction and distance to it.

Amazon’s discount makes them even more appealing. One AirTag available for $21 lets you get your foot in the door for not a lot. But the best deal is the 4-pack for $74, which comes out to just over $18 per tag. Considering how many items in your life that could use a bit of an extra safety net, more than one is easily worth it.

See Single AirTag at Amazon

See 4-pack AirTags at Amazon



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Poland Joins The Bitcoin ETF Wave With Warsaw Stock Exchange Debut

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

Poland’s main bourse has opened a new door for investors who want Bitcoin exposure without buying the coin directly. The Warsaw Stock Exchange (GPW) has listed the Bitcoin BETA ETF, a fund that gives exposure to crypto via futures contracts rather than holding spot Bitcoin.

Bitcoin Futures And Currency Protection

Based on reports, the fund is managed by AgioFunds TFI SA and gains exposure by trading BTC futures listed on the Chicago Mercantile Exchange (CME).

The arrangement means investors are buying a regulated product tied to derivatives, not a direct claim on coins.

The prospectus for the fund was approved by Poland’s Financial Supervision Authority (KNF) on June 17, 2025, according to filings. The fund also uses FX hedging to help offset swings between the US dollar and the Polish zloty.

🚨 BREAKING 🚨

🇵🇱 Poland’s Warsaw Stock Exchange just launched its first Bitcoin ETF — the Bitcoin Beta ETF! 🔥💹

Another country joins the global Bitcoin adoption wave. 🌍⚡#Bitcoin #ETF #Poland #Crypto #BullRun pic.twitter.com/N6vLLd9cD9

— Murt Crypto (@Murtaza_Saraf) September 18, 2025

Market Making And Listing Details

Reports have disclosed that Dom Maklerski Banku Ochrony Środowiska S.A. (BOŚ) will serve as the market maker for the ETF on GPW.

That local brokerage is tasked with helping maintain orderly trading and a visible spread between buy and sell orders.

The listing brings a regulated option for Polish retail and institutional investors who prefer to trade through local brokers and their existing brokerage accounts.

How This Fits Into The Exchange’s ETF Suite

According to exchange data and industry reports, the BETA ETF joins a wider set of funds already traded on GPW — increasing the total number of ETFs on the exchange to around 16.

BTCUSD now trading at $115,945. Chart: TradingView

That includes funds tracking domestic indexes and several global benchmarks. The new product is positioned as another choice for investors looking to diversify within regulated markets.

Investor Takeaways And Risks

Investors should note that futures-based ETFs can behave differently from spot Bitcoin. Roll costs, futures curve dynamics, and management fees can affect returns over time.

The fund’s FX hedge will reduce currency drag for zloty-based investors, but hedging itself can add to fund costs. Reports suggest the prospectus and risk disclosures outline these points for buyers to review before investing.

Why This Matters

In short, this listing gives Polish investors a regulated route to Bitcoin exposure inside the traditional brokerage ecosystem.

The product is aimed at those who want market access without handling wallets or private keys, and who prefer trading on a local exchange. It may also nudge other regional markets to consider similar regulated vehicles.

Featured image from Unsplash, chart from TradingView

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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Public Keys: Alt Autumn Arrives, Kindly Investors Leave Bitcoin Stock, and Here Comes the SOL

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In brief

  • Rex-Osprey launched XRP and DOGE ETFs, and the SEC debuted streamlined listing standards for commodity-based trust shares.
  • Forward Industries became Solana’s first $1 billion treasury company, with Helius planning a $500 million SOL treasury raise
  • KindlyMD shares dropped 54% after filing S-3 registration, releasing $200 million in discounted shares that created sell pressure

Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies.

Alt Autumn loading

The U.S. Securities and Exchange Commission press release didn’t actually mention altcoins, but crypto ETF hopefuls haven’t wasted time rushing their funds toward the starting line.

The regulator has streamlined generic listing standards for commodity-based trust shares, meaning that as long as applicants meet the listing standards of the Nasdaq, Cboe BZX, and NYSE Arca exchanges, they can opt out of applying for a rule change for individual funds like every other crypto ETF issuer so far.

The rule change didn’t have unanimous support, though. Commissioner Caroline Crenshaw said in a statement Wednesday that the new rule amounts to “passing the buck on reviewing these proposals and making the required investor protection findings, in favor of fast tracking these new and arguably unproven products to market.”



Rex-Osprey was first out of the gate with its Rex-Osprey XRP ETF and Rex-Osprey DOGE ETF. The company is also working to bring a leveraged option to market, the Rex-Osprey DOJE Growth & Income ETF, for traders who want big risks and big rewards.

It’s still early, as the filing doesn’t yet mention a fee. But the objective is to pay weekly distributions by selling calls, while targeting 1.05 to 1.5 times the daily move of its newly trading DOJE Dogecoin ETF—resetting exposure every day. It’s a product for short-term traders, not buy-and-hold investors.

Dogecoin jumped as high as $0.28 earlier this week on the bullish news, but the gains haven’t been long lasting. At the time of writing, DOGE was down over 5% to $0.26.

Kindly leave

KindlyMD CEO David Bailey did a pre-flight check on Monday, pointing out the exits to investors who weren’t comfortable with some near-term volatility. The company’s shares dropped 54% to $1.26 that day. And after the closing bell on Friday, the price hasn’t improved much.

The company’s shares—which trade on the NasdaqGM under the NAKA ticker symbol—finished the day trading for $1.40, after having lost 6% in the past day and down 87% over the last month.

The company became a Bitcoin treasury company when it merged with Nakamoto Holdings, Bailey’s BTC holding company, earlier this year. The newly formed firm jumpstarted its Bitcoin treasury vision with a $200 million PIPE deal. But the discounted shares that were sold during that round were essentially locked until the company filed its S-3 registration with the SEC.

Once the registration was filed and deemed effective, there was $200 million worth of discounted shares creating sell pressure.

Bailey, ever the optimist, found a silver lining.

“I will say one of the unintended consequences of the stock being down is [that] everyone can buy in relatively cheap and ride with us,” he wrote on X. “The past week we’ve put up serious volume and one or two more days like yesterday and we’ll have churned and reset the cap table. Then we’ll have our convicted and aligned shareholder base.”

Grayscale has also listed its Digital Large Cap Fund after playing red light, green light with the SEC for months. The fund, which trades under the GDLC ticker, tracks a basket of assets that contains XRP, Solana, Cardano, Bitcoin, and Ethereum.

Treasured SOL

Solana got its first $1 billion treasury company, but that was just the beginning of bullish news for SOL digital asset treasuries.

The same day Forward Industries crossed the $1 billion mark, Helius announced plans to raise $500 million to build its own Solana treasury.

Two days later, Forward Industries debuted an at-the-market offering to raise another $4 billion in cash to buy more SOL. If it does raise the cash and spend the bulk of it buying Solana tokens, that could more than double the $3.1 billion worth of SOL already sitting with publicly traded companies.

Then, on Thursday, former chief legal officer at Kraken, Marco Santori, was named CEO at newly renamed Solana treasury Solmate. The company made its debut as a digital asset treasury by announcing a $300 million raise, and saw its stock soar 500%.

The news has been bullish for SOL, but not enough to save it from the malaise that’s hit the rest of the crypto market. At the time of writing, Solana was lagging 4% behind its price on Thursday and changing hands for about $238.

Other Keys

BitLicense boost: Newly IPO’d Bullish saw its shares jump on news that it’s been granted a BitLicense by the New York State Department of Financial Services. That means it’s now approved to operate in the state as a digital asset trading and custody business, and BitLicense aims to expand its broader U.S. presence as a result.

Itty, bitty buy: Strategy added $60 million worth of Bitcoin to its BTC treasury this week, the smallest buy it’s announced in a month. Although the company has raised around $68.2 million through its various preferred stock offerings, the company only spent $60.2 million on Bitcoin, leaving it with around $8 million in extra cash.

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Nintendo Switch 2 Mario Kart Bundle In Stock At Amazon With Same-Day Delivery
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Nintendo Switch 2 Mario Kart Bundle In Stock At Amazon With Same-Day Delivery

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If the recent Nintendo Direct has you thinking about upgrading to the Switch 2, it just became easier to buy the new console from Amazon. The online retailer has removed its invitation system from the Nintendo Switch 2 Mario Kart World Bundle ($499) and the standalone Switch 2 console ($449). Up until this week, Amazon required customers to request an invite and then wait for an approval email. The invitation sometimes arrived the same day, while other times you had to wait a week or longer (if you received an invite at all). But now you can purchase either model just like any other product, and both editions are eligible for Prime shipping; you may even be eligible for same-day delivery.

The removal of the invite system comes a week after Amazon opened preorders for the Pokemon Legends: Z-A Switch 2 Bundle. The new bundle retails for the same price as the Mario Kart edition and launches alongside the brand-new Pokemon adventure on October 16.

Check out all three Nintendo Switch 2 console options at Amazon below. And if you want to pair your new console with more Nintendo games and gear, take a look at our roundup of Switch 2 games and accessories available at Amazon.

$499 | Available Now

The Mario Kart World launch bundle comes with the Nintendo Switch 2 and a digital copy of the exclusive kart racing game. Since Mario Kart World is one of the few Switch 2 games with an $80 MSRP, this bundle saves you $30 compared to buying the standalone console and game separately.

The Mario Kart console bundle is expected to be discontinued this fall. Nintendo hasn’t stated an exact end date for the bundle, but we imagine once retailers sell out of their current stock, it will be gone for good.

There are two versions of the Mario Kart Bundle in the US: This one has printed artwork on the box, while the other one is a regular Switch 2 box with a sticker. Most people probably won’t care too much, but if you like displaying your game console boxes, this version looks nicer.

$500 | Releases October 16

The Pokemon Legends Z-A Bundle effectively serves as the replacement for the Mario Kart World Bundle. Nintendo hasn’t revealed how long this one will stick around for, but it’s likely considered a 2025 holiday bundle.

Pokemon Legends: Z-A retails for $70 on Switch 2, so you’re saving $20 versus buying the console and game separately. But unlike Mario Kart World, Z-A will also launch on the original Switch for $60.

The Pokemon Switch 2 Bundle has printed artwork on the front and sides of the box. Inside the box, you’ll find a voucher to redeem the digital version of Pokemon Legends: Z-A from the Nintendo eShop.

$449 | Available Now

If you really aren’t interested in Mario Kart World or Pokemon Legends: Z-A, the Switch 2 console on its own is available for $449 at Amazon.

Here’s a list of what comes with all three editions of the Switch 2:

  • Switch 2 with 7.9-inch LCD display
  • Joy-Con 2: Left and Right
  • Joy-Con 2 Straps
  • Joy-Con 2 Grip
  • Dock for TV Mode
  • Ultra High-Speed HDMI Cable
  • USB-C Cable
  • 60W AC adapter

And here’s a quick rundown of the Switch 2’s key specs:

  • Screen: 7.9-inch LCD touchscreen
  • Video:
    • Handheld: 1080p with HDR10
    • TV: 4K with HDR10
  • Refresh rate:
    • Handheld: Up to 120Hz with VRR
    • TV: 120Hz up to 1440p / 60Hz in 4K
  • Audio: Stereo
    • Linear PCM 5.1ch surround sound
    • Built-in monaural microphone
  • Storage: 256GB UFS
    • Expandable with microSD Express
  • Ports:
    • HDMI
    • USB-C (x2)
    • USB 2.0 (x2)
    • 3.5mm audio
  • Controls: Joy-Con 2 with magnetic connectors
    • Accelerometer / Gyroscope
    • Mouse Sensor
    • HD Rumble
  • Battery: 2-6.5 hours
  • Dimensions: 4.5 x 10.7 x 0.55 inches
  • Weight: 0.88 pounds

Heads up for new Switch 2 buyers: All physical editions of Switch 2 exclusives include the full game on the card, but most third-party titles utilize Nintendo’s Game-Key Cards. These look like regular cartridges, but they are simply unlock keys. You will still need to download the full game if you purchase a Switch 2 physical game marked on the front of the box as a Game-Key Card.

The Switch 2’s onboard 256GB storage can be filled quickly with AAA third-party titles. Many Switch 2 players will need to expand the console’s storage space with microSD Express. You can double your storage with the officially licensed Samsung 256GB microSD Express Card for $59. Alternatively, you can snag the 512GB SanDisk Gameplay microSD Express Card for $78 at Walmart.

Sign up for GameSpot’s Weekly Deals Newsletter:



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London Stock Exchange Group Debuts Blockchain Platform For Private Funds
Crypto Trends

London Stock Exchange Group Debuts Blockchain Platform For Private Funds

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Update Sept. 15, 7:58 am UTC: This article has been updated to include another section on LSEG and Microsoft’s collaboration.

The London Stock Exchange Group (LSEG) launched a blockchain-based infrastructure platform for private funds, making it the first major global stock exchange to use such a system.

The platform, called Digital Markets Infrastructure (DMI), supports the full lifecycle of digital assets, from issuance and tokenization to post-trade settlement. It was developed with Microsoft and runs on Microsoft Azure, the exchange said on Monday.

LSEG said the system was designed to provide interoperability between distributed ledger technology and traditional financial systems as part of its goal to become the first global exchange group to support clients across the “full funding continuum.”

Private funds are the first asset class to go live on the DMI, with plans for additional asset classes.

As part of the initial offering, private funds on the DMI will be discoverable by Workspace’s users, enabling general partners to interact with professional investors on these platforms.

Capital management firm MembersCap and London-based Archax, a Financial Conduct Authority-regulated crypto exchange, were the first clients onboarded. MembersCap conducted the platform’s debut transaction with Archax acting as a nominee for the Cardano Foundation.

Related: RWAs: new institutional ‘trust’ layer to boost tokenized ESG investment

Microsoft, LSEG aim to unlock new opportunities for customers

Microsoft’s collaboration with LSEG on the new blockchain-based platform is a “powerful example of the innovation driving our strategic partnership,” according to Bill Borden, corporate vice president of worldwide financial services at Microsoft.

“Together, we’re reshaping the future of global finance to empower our customers to unlock new opportunities and drive meaningful change.”

Today’s private market processes are ripe for innovation. LSEG aims to improve investor access to capital markets and enhance liquidity, according to Darko Hajdukovic, head of digital markets infrastructure at LSEG.

“We intend to do this by continually working with all stakeholders to enhance efficiencies and connectivity for both digitally-native and traditional assets,” Hajdukovic said, adding that there is significant “appetite for an end-to-end, interoperable, regulated financial markets DLT infrastructure.”

Related: Trump-linked WLFI’s 40% decline causes millions in losses for crypto whales: Finance Redefined

Ultimately, the platform aims to provide more investor access to private market investment opportunities that were previously difficult to discover and participate in.

Blockchain-based incentives from traditional finance giants may accelerate the convergence of traditional and decentralized finance (DeFi), which may come sooner than most expect, according to Nelli Zaltsman, head of blockchain payments innovation at JPMorgan’s Kinexys.

“Our goal has always been to find the best way to work with the public blockchain, regulatory environment permitting,” said Zaltsman, speaking alongside Chainlink Labs co-founder Sergey Nazarov at the RWA Summit Cannes 2025.

In June, the banking giant piloted synchronized settlement technology with Chainlink, allowing JPMorgan’s blockchain-based deposits to orchestrate transactions across different blockchains.

Magazine: The one thing these 6 global crypto hubs all have in common…



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Capital Group Grows Bitcoin Bet to $6B Through Treasury Stock Surge
Crypto Trends

Capital Group Grows Bitcoin Bet to $6B Through Treasury Stock Surge

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Capital Group, a 94-year-old mutual fund powerhouse known for its conservative investment approach, has grown a $1 billion position in Bitcoin-related stocks into more than $6 billion.

Mark Casey, a portfolio manager with 25 years at Capital Group, led the firm’s move into Bitcoin. Casey, who describes his investment style as shaped by Benjamin Graham and Warren Buffett, has become an advocate for Bitcoin (BTC), according to a Sunday report by The Wall Street Journal.

“I just love Bitcoin, I just think it is so interesting,” Casey said during a podcast interview with venture firm Andreessen Horowitz. He called Bitcoin “one of the coolest things that has ever been created by people,” per the WSJ report.

Over the past four years, Capital Group has built its exposure primarily through investments in so-called Bitcoin treasury companies, public firms that accumulate and hold Bitcoin on their balance sheets.

Top 15 Bitcoin treasury firms. Source: BitcoinTreasuries.NET

Related: Ether vs. Bitcoin treasuries: Which strategy is winning

Capital Group’s biggest Bitcoin bet is on Strategy

Capital Group’s most notable holding is in Strategy (formerly MicroStrategy), the software firm transformed into a Bitcoin vehicle by founder Michael Saylor.

In 2021, Capital Group acquired a 12.3% stake in Strategy for over $500 million. That stake, now diluted to 7.89% due to share issuance and some trimming, is worth about $6.2 billion following a more than 2,200% surge in Strategy’s stock over five years.

Casey said he and his colleagues analyze these companies the same way they assess firms involved in commodities like gold or oil. “We view Bitcoin as a commodity,” he told the WSJ.

Capital Group’s Bitcoin exposure also includes a 5% stake in Japan-based Metaplanet, a hotel operator-turned-Bitcoin holder, and shares of mining company Mara Holdings.

Related: Bitcoin in consolidation as treasuries eye altcoins: Novogratz

Corporate Bitcoin treasuries top 1 million BTC

As Cointelegraph reported, corporate Bitcoin treasuries now hold over 1 million BTC worth more than $117 billion, according to BitcoinTreasuries.NET.

Michael Saylor’s Strategy remains the top holder with 636,505 BTC, followed by MARA Holdings with over 52,000 BTC. Newcomers like XXI and Bitcoin Standard Treasury are quickly gaining ground, while firms like Metaplanet, Bullish and Coinbase round out the top 10.

Looking ahead, companies like Metaplanet and Semler Scientific have revealed aggressive accumulation targets, aiming to acquire 210,000 BTC and 105,000 BTC by 2027, respectively.

Magazine: Bitcoin is ‘funny internet money’ during a crisis: Tezos co-founder



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The Next Big Crypto IPO? Everything You Need to Know About Gemini’s Stock Offering

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In brief

  • Gemini will offer 16.67 million shares of GEMI between $24-26. Trading is set to begin Friday.
  • Even after upsizing its IPO share price, reports indicate the firm’s public launch is massively oversubscribed.
  • By going public, the firm hopes to join the wave of recent successful crypto IPOs like Circle, Bullish, and Figure.

American crypto exchange Gemini is the latest crypto firm taking its company public, enabling investors in traditional financial markets to gain exposure to its business via shares of GEMI. 

Shares in the New York-based firm are expected to begin trading Friday, concluding the IPO process that first began when it filed its intentions with the SEC in June. 

Here’s everything you need to know about the Gemini IPO. 

Price and share availability

More than 16 million shares of GEMI will be offered by the exchange in the price range of $24-26, potentially netting the firm around $433 million in IPO proceeds based on its recent upsized filing. 

Even at that number, which increased from a previously expected share price range of $17-19, Reuters reported that the firm’s offering was oversubscribed by as much as 20 times.

Based on the upper range of the expected share price, Gemini could surpass an initial valuation of $3 billion. 

Though the firm is offering up 16.67 million shares, it requested that underwriters reserve 10% of the supply—or around 1.67 million shares—for sale through a “directed share program,” which will offer them exclusively to select parties. 

What is Gemini?

Gemini is perhaps best known for its co-founders Tyler and Cameron Winklevoss, early Bitcoin and cryptocurrency believers that vocally and financially supported President Donald Trump in his bid to reclaim the presidency in 2024. They also played a key role in the creation of Facebook, as chronicled in the film “The Social Network.”

The firm primarily generates its revenue from trading fees earned via the use of its centralized exchange. According to its IPO filing, nearly 70% of the firm’s revenue was earned in this manner during 2024. Last year, the firm generated $142.2 million in revenue, yet sustained a net income loss of $158.5 million. 



Through the first six months of this year, the firm’s percentage of trading fee revenue dipped to 65.5%, pulling in total revenue of $68.6 million. That puts it on track to finish just below last year’s revenue number. In the same timeframe, the firm generated a net income loss of $282.5 million. 

Despite the sagging income numbers, the firm remains optimistic about its future. Gemini wrote in its filing that based on its “focus on innovation and a long history of firsts in the crypto industry, we believe our products and services can fulfill the needs of our ever-expanding user base, including as traditional financial market participants enter the space.” 

Riding the IPO wave

Gemini’s intentions to go public came shortly after the massively successful IPO of stablecoin issuer, Circle. Like Gemini, Circle upsized its IPO and still more than tripled the offering price on the first day of trading, outperforming public launches from tech giants like Meta and Airbnb in the process. 

Since Circle’s IPO, crypto exchanges like Kraken and Gemini filed their intentions to go public. Crypto exchange Bullish also recently completed its IPO, similarly screaming out of the gate and tripling after hitting the market. American Bitcoin, the BTC mining firm co-founded by Donald Trump Jr. and Eric Trump, also surged after its recent launch.

On Thursday, crypto lender Figure raised more than $787 million in its IPO, ultimately notching a valuation of $5.29 billion. Shares jumped more than 24% from the IPO price once they hit the market for trading. 

Gemini’s future

As barriers to entry for buying and selling cryptocurrency have decreased, centralized exchanges like Gemini and rivals Coinbase and Binance have become increasingly competitive in trying to acquire and maintain users.

Based on its filing, Gemini is hoping to increase both its monthly transacting users and the average daily trading volume of those users. It aims to do so via expanding its product suite, expanding internationally, and growing its derivative offerings—and a big chunk of IPO cash could help it accomplish those goals.

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