Tag:

Treasury

Tether
NFT Gaming

Tether Seeks To Raise $200 Million For Tokenized Gold Treasury – Report

by admin


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

According to a recent report, the world’s largest stablecoin company, Tether, and a partner firm are looking to raise capital for a digital asset treasury company that would accumulate its tokenized gold.

Tether To Launch Digital Asset Treasury Firm With XAUT: Report

On Friday, October 3rd, Bloomberg reported that Tether and financial services firm Antalpha Platform Holding are leading an effort to raise at least $200 million to set up a digital asset treasury company. Citing unnamed sources close to the matter, this public vehicle would use the capital to purchase XAUT, Tether’s gold token.

Bloomberg revealed that Antalpha Platform Holding has close ties to Bitmain Technologies, the world’s largest Bitcoin hardware supplier based in China. According to a report from the University of Cambridge Judge Business School, the Bitcoin hardware manufacturer supplies about 82% of the world’s crypto mining machines.

Bloomberg posited that this capital-raising effort would further strengthen the relationship between two of the largest companies in the global crypto industry. Meanwhile, this venture would represent a continuation in digital asset treasury companies’ craze happening this year, with more than 80 firms set up so far in 2025.

Furthermore, the report revealed that asset manager Cohen & Company is the lead advisor on the deal, with further talks kept private. While most parties declined to comment, Tether reportedly pointed out a post on the social media platform X about its recent announcement with Antalpha.

Source: @paoloardoino on X

As per the post on X, Antalpha revealed that it would be integrating Tether Gold into its Real-World Assets (RWA) Hub, offering tokenized gold-backed lending and infrastructure solutions. The financial services firm also announced that it would set up physical vaults in major financial centers around the world to allow holders to exchange the tokens for gold bars.

This move to offer XAUT-backed lending came after Tether had purchased an 8.1% stake in Antalpha during its initial public offering (IPO) earlier in May 2025. 

Tether Gold, launched in 2020, offers investors an exposure to gold without physically owning the metal. With a market capitalization of about $1.5 billion, Tether claims that the almost 250,000 XAUT tokens in circulation are backed by an equivalent of more than 7.66 tons of gold.

USDT Market Cap At $175 Billion

At the same time, Tether owns the largest dollar-backed stablecoin and the fourth-largest digital asset in the cryptocurrency market, with a market cap of more than $175 billion.

The USDT market cap at $176 billion on the daily timeframe | Source: USDT chart on TradingView

Featured image from Pexels, 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.



Source link

0 comments
0 FacebookTwitterPinterestEmail
IRS Guidance Limited in Scope but Good News for Crypto Treasury Firms
GameFi Guides

IRS Guidance Limited in Scope but Good News for Crypto Treasury Firms

by admin



New Internal Revenue Service guidance will relieve tax burdens on companies that hold cryptocurrencies and other assets, though it is limited to certain types of businesses.

The IRS published interim guidance earlier this week announcing that C Corporations — a certain type of business — generating more than $1 billion in revenue no longer need to pay taxes on unrealized capital gains under the Corporate Alternative Minimum Tax, a move which benefits firms like Strategy (MSTR) and Mara Holdings (MARA) given the sheer amount of Bitcoin BTC$122,212.15 these firms hold on their balance sheets. Both companies said they would benefit from the guidance.

As a result of Treasury and IRS interim guidance issued yesterday, Strategy does not expect to be subject to the Corporate Alternate Minimum Tax (CAMT) due to unrealized gains on its bitcoin holdings. $MSTR https://t.co/DEgluG8oEN

— Michael Saylor (@saylor) October 1, 2025

Brett Cotler, a partner at the law firm Seward & Kissel, said that this would primarily apply to larger corporations, including Digital Asset Treasury (DAT) companies.

“Crypto can be very volatile at times … [a] company’s going to have a tax liability but may not have the cash to pay that tax liability, so it’ll have to liquidate assets to pay it,” he said. “This proposal helps with that issue by saying ‘for those assets, you’re not recognizing them on a mark to market basis,’ so it’s definitely going to help the [firms] that are out there and it will probably also help other non-DAT corporate entities that hold crypto.”

Backing up, the corporate alternative minimum tax regime applies to certain types of corporations, imposing a minimum tax on these larger corporations. Treasury asset values are among the issues that these corporations would have had to pay taxes on, Cotler said.

Not just crypto

Companies with crypto assets are similarly subject to these rules, said Shehan Chandrasekera, head of tax strategy at CoinTracker.

“This is not a crypto specific issue. This is any company who’s making roughly a billion dollars of revenue a year would be subject to that. And that’s most of the S&P 500, even way beyond that,” he said. “It’s not saying anything about crypto specifically. But the reason why crypto is related is because if you’re marking up crypto, that will trigger unrealized gains.”

The guidance is interim but still applicable, both Cotler and Chandrasekera said, meaning companies can rely on it as they file taxes next year.

Interim guidance like this will usually become a proposed final rule and then will be finalized, Chandrasekera said. The IRS’s guidance this week isn’t finalized, but it signals where the agency is headed.

Companies won’t need to file until April of next year, and could extend to October, giving the IRS time to finalize this guidance — even with the ongoing government shutdown, which halted all non-essential work by federal employees.





Source link

0 comments
0 FacebookTwitterPinterestEmail
Gold's Rare Red Day Allows BTC to Advance
Crypto Trends

USDT Issuer Tether to Launch Tokenized Gold Treasury Firm With Antalpha: Report

by admin



Tether, the company behind the USDT stablecoin USDT$1.0005, is working with crypto miner financing firm Antalpha to raise at least $200 million for a new digital asset treasury for tokenized gold, Bloomberg reported Friday, citing sources familiar with the matter.

The planned vehicle would stockpile XAUT$3,892.89, a blockchain-based token backed by physical gold bars under custody in a Swiss vault. XAUT is the largest tokenized gold offering on the market with nearly $1.5 billion market capitalization.

Antalpha is known as a key lender of Chinese crypto mining equipment manufacturer Bitmain, and offers supply chain and margin loans.

The report follows an expanded partnership between Tether and Antalpha, announced on Monday, to launch a dedicated hub for XAUT-backed lending, custody and token redemption services. Antalpha said then it plans to work with partners to open vaults in major financial hubs, allowing users to redeem digital tokens for physical gold.

Tether has expanded beyond issuing its flagship USDT token, the largest stablecoin boasting a $174 billion supply, with investments spanning across bitcoin BTC$111,480.33 mining, payments, energy and artificial intelligence (AI). It was a lead investor, alongside Bitfinex, with which it shares key executives and ownership, and SoftBank, in bitcoin treasury firm XXI Capital that launched earlier this year. Tether also reportedly seeks to raise funds at a $500 billion valuation to fuel its expansion.

Paolo Ardoino, CEO of Tether, has been a vocal proponent of gold as a hard asset, The company held $8.7 billion in the yellow metal on its balance sheet, according to its June attestation.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Bitcoin (BTC) Mining Profitability Fell in August, Jefferies Says
Crypto Trends

Bitcoin Miner MARA Produced 736 BTC in September, Holds 52,580 BTC in Treasury

by admin



MARA Holdings (MARA) produced 736 BTC in September, up 4% from August, and won 218 blocks on the Bitcoin network, the company said in an update on Friday.

The company, which positions itself as both a miner and a bitcoin treasury operation, said it was a BTC net seller during the month, taking note of “digital asset management activities.”

Public data nevertheless shows that MARA’s bitcoin holdings rose from 50,639 BTC on Aug. 31 to 52,850 on Sept. 30.

MARA remains the second-largest publicly traded corporate bitcoin treasury, falling only behind Strategy’s 640,031 BTC stash.

MARA shares are down marginally in Friday U.S. trade.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Avalanche Treasury Co. Coming With Foundation Support via $675 Million SPAC Deal

by admin



In brief

  • Avalanche Treasury Co. is merging with Mountain Lake Acquisition Corp. in a $675 million deal, targeting a Nasdaq listing in Q1 2026 with $460 million in treasury assets.
  • An exclusive Avalanche Foundation partnership includes a $200 million initial AVAX purchase at a discount, offering investors 23% savings versus direct purchases.
  • The firm’s goal is to amass $1 billion in AVAX and actively drive ecosystem growth through protocol investments and enterprise partnerships.

A new treasury company is spinning up with the goal of amassing a significant amount of Avalanche cryptocurrency, with support from the Avalanche Foundation.

Avalanche Treasury Co. has announced a definitive business combination agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC), creating a publicly traded company focused on institutional AVAX exposure.

The transaction is valued at over $675 million and includes approximately $460 million in treasury assets, the companies said, with an expected Nasdaq listing for the combined company in Q1 2026.



Boasting an “exclusive relationship” with the Avalanche Foundation—the entity that supports development and adoption of the layer-1 Avalanche blockchain network—the treasury will debut with an initial $200 million AVAX token purchase at a discounted price, plus an 18-month priority on Avalanche Foundation token sales to U.S. treasury firms.

According to the firm, it will offer investors entry at 0.77x net asset value—a 23% discount compared to direct AVAX purchases or passive ETF alternatives.

The company’s strategy centers on three pillars: targeted protocol investments to drive adoption, partnership activation with enterprises building blockchain infrastructure for real-world assets and payments, and direct support for institutional Avalanche L1 network launches.

Avalanche Treasury Co. aims to accumulate over $1 billion worth of AVAX following its IPO. AVAT frames its mission as serving as a “growth engine” for the Avalanche ecosystem, actively deploying capital to accelerate network development rather than simply holding tokens passively.

The firm’s leadership includes CEO Bart Smith, a Wall Street veteran from Susquehanna International Group and AllianceBernstein, alongside COO Laine Litman and Chief Strategy Officer Budd White. Ava Labs founder Emin Gün Sirer will serve as strategic advisor, while Chief Business Officer John Nahas is joining the board.

Avalanche Treasury’s advisory board features prominent crypto figures including Haseeb Qureshi (Dragonfly Capital), Jason Yanowitz (Blockworks), and Stani Kulechov (Aave). The transaction has attracted investors including Dragonfly, ParaFi Capital, VanEck, Galaxy Digital, Pantera Capital, and Kraken, among others.

In September, Bitcoin miner AgriFORCE announced a pivot towards Avalanche with plans to raise approximately $550 million to start stockpiling AVAX. The firm’s stock spiked 200% soon after the announcement but has since shed much of those gains, with the stock showing a 48% gain over the past month.

AVAX is down about 1% on the day to $30.23 and trading roughly flat on the week, even as assets like Bitcoin, Ethereum, and Solana post substantial gains.

Daily Debrief Newsletter

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



Source link

0 comments
0 FacebookTwitterPinterestEmail
XRP Treasury Company Secures Additional $19 Million
Crypto Trends

XRP Treasury Company Secures Additional $19 Million

by admin


VivoPower, which is known as an XRP treasury company, has issued new shares in order to raise a total of $19 million. 

Notably, the publicly traded firm is raising the aforementioned sum at $6.05 per share, which is higher than the current market price. This shows that there is significant demand. 

The newly raised sum provides the company with additional liquidity for future XRP purchases.

Gaining more XRP exposure 

The company previously announced another share offering under Regulation S, meaning that the funds would come from non-US investors. In this case, it was a $121 million private placement led by a Saudi prince. 

After adopting the Ripple-linked token as its core asset, VivoPower then partnered with XRPL-based yield generation protocol Doppler Finance to deploy an initial $30 million of XRP. 

Last month, the company also announced that it would acquire $100 million worth of privately held Ripple shares in order to enhance its exposure to the token. 

Moreover, it announced that it would be exchanging the tokens procured with the help of its proof-of-work (PoW) mining operation for XRP. 



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Bitcoin Giant Strategy Dodges Multi-Billion Tax Liability Following IRS, Treasury Guidance: TD

by admin



In brief

  • The IRS and Treasury Department issued new guidance.
  • Strategy no longer expects to become subject to CAMT.
  • Shares rose 4.6% to $337 on Wednesday as Bitcoin jumped.

Strategy, the world’s largest corporate holder of Bitcoin, is no longer anticipating a multi-billion tax liability from an increase in the value of its $75 billion stockpile, following a clarification from the IRS and Treasury Department on Tuesday.

In a 71-page document, the regulators said that firms are not required to incorporate unrealized gains or losses on the value of digital assets into calculations on whether they are subject to a 15% corporate alternative minimum tax (CAMT) that was established in 2022.

In an SEC filing, Strategy said that it plans to follow the guidance and, as a result, it “no longer expects to become subject to CAMT due to unrealized gains on its Bitcoin holdings” in 2026 and beyond. In June, Strategy told investors that it expected to pay CAMT liabilities.

“Thanks to yesterday’s action on behalf of the IRS, that potential scenario is no longer off the table,” TD Cowen analyst Lance Vitzanza wrote in a Wednesday note, adding that the action removed “a significant source of potential overhang for Strategy.”

Strategy shares rose 5% to $338 on Wednesday, according to Yahoo Finance. Over the past six months, the company’s stock has advanced 10% from $293 in April.



Vitanza noted that Strategy may have been forced to navigate a cash tax liability that could’ve potentially been billions of dollars starting next year, “likely continuing to the extent Bitcoin continues to appreciate in dollar terms,” he added.

Strategy’s performance coincided with a rise in Bitcoin’s price, as investors mulled a government shutdown in the U.S. Over the past day, its price had risen 3% to $117,500, according to crypto data provider CoinGecko, while jumping 42% from $85,000 in April.

Earlier this week, Strategy notched its third smallest Bitcoin purchase of the year, while pocketing $100 million from its latest raise, as dividend payments on preferred shares approached.

Strategy, which hasn’t sold a single Bitcoin since it began stockpiling the asset in 2020, is sitting on a massive unrealized gain when it comes to its Bitcoin holdings. So far, it’s spent $47.4 billion on Bitcoin, leaving a current unrealized gain of close to $28 billion.

Daily Debrief Newsletter

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



Source link

0 comments
0 FacebookTwitterPinterestEmail
sec crypto altcoin etf
NFT Gaming

SEC Halts QMMM Trading After 959% Surge on Crypto Treasury Manipulation Concerns

by admin


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

The U.S. Securities and Exchange Commission has temporarily suspended trading in QMMM Holdings after the stock rocketed 959% in under three weeks on the back of a splashy crypto-treasury pivot.

In its suspension order, the SEC flagged potential manipulation via social-media “recommendations” by unknown parties that appeared designed to inflate price and volume. The halt took effect Monday and is slated to run for 10 trading days while regulators dig in.

QMMM announced it would allocate a $100 million portfolio across Bitcoin, Ethereum, and Solana, and also launch a crypto analytics platform.

The news triggered a sharp rise from around $11 to an intraday peak near $207, before the stock last traded around $119.40 before the freeze.

BTC’s price trends upwards on short timeframes. Source: BTCUSD on Tradingview

A Wider Crackdown on “Crypto Treasury” Pop-and-Drops

The QMMM halt comes as the SEC and FINRA expand investigations into unusual trading activities linked to corporate crypto-treasury announcements.

This year, over 200 companies have announced plans to raise funds through token purchases, often following sharp price increases before the announcements. Regulators are examining potential insider leaks and Reg FD violations related to the selective sharing of material information.

Hype-driven stock promotions and speculative treasury strategies can cause share prices to drift away from their true value, leaving late traders vulnerable when market realities catch up.

Recent reports indicate this strategy has become overcrowded, with some firms turning to financial engineering after crypto-related rallies decline, prompting the SEC to accelerate efforts to halt trading and investigate suspicious surges.

What the QMMM Halt Means for Investors Now

For holders, the suspension locks in positions until trading resumes, and outcomes vary from an orderly reopen to potential enforcement actions if wrongdoing is discovered.

Expect increased demands for detailed disclosure: audited wallet attestations, treasury risk policies, and clear business rationales beyond simply “numbers go up.”

The QMMM episode highlights a new baseline: crypto adjacency alone won’t suffice, especially when social-media promotion is involved.

Key levels to watch after the halt include liquidity conditions, opening auction volatility, and any SEC updates clarifying the scope of the investigation. Overall, investors seeking equity exposure to digital assets may prefer experienced operators and transparent balance-sheet strategies over sudden pivots.

With regulators indicating ongoing scrutiny of the crypto-treasury relationship, due diligence, on both the tokens and the corporate narratives, has never been more important.

Cover image from ChatGPT, BTCUSD 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.



Source link

0 comments
0 FacebookTwitterPinterestEmail
QMMM stock halted by SEC after crypto treasury plan surge
GameFi Guides

QMMM stock halted by SEC after crypto treasury plan surge

by admin



The U.S. Securities and Exchange Commission has suspended trading in QMMM Holdings after its stock jumped nearly tenfold on plans to build a $100 million cryptocurrency treasury.

Summary

  • SEC suspends QMMM after sharp rally.
  • Stock jumped 959% on $100M crypto treasury news.
  • Concerns raised over social media-driven manipulation.

QMMM Holdings Ltd. stock soared almost tenfold in less than three weeks on news of a planned cryptocurrency treasury.

According to a Sept. 30 report from Bloomberg, the suspension took effect after the Hong Kong-based advertising firm’s stock jumped 959% following its Sept. 9 announcement that it would build a $100 million diversified cryptocurrency treasury. 

QMMM stock sudden rally triggers scrutiny

The company said the strategy would initially focus on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) while exploring blockchain and artificial intelligence integrations.

The disclosure sparked heavy retail buying, with QMMM’s shares peaking above $260 intraday before pulling back to $119 at the time of the halt. Even at that level, the stock remained up more than 2,100% for the year. 

The SEC said it was concerned about “potential manipulation,” pointing to online posts by unidentified promoters urging investors to buy the stock. The suspension runs until 11:59 p.m. ET on Oct. 10. Nasdaq, where the company trades, declined to comment, while QMMM has yet to respond.

Crypto treasury trend under watch

QMMM is the latest firm to join a growing list of companies pursuing crypto treasury strategies, a trend popularized by MicroStrategy’s high-profile Bitcoin purchases. Supporters argue that digital assets can serve as reserves or yield-bearing holdings, but critics warn the moves can fuel speculation and expose firms to extreme volatility.

The SEC also halted trading in Smart Digital Group Ltd. for similar reasons after it announced plans to create its own cryptocurrency asset pool. Meanwhile, regulators have stepped up scrutiny across the sector, with the Wall Street Journal reporting ongoing probes into unusual trading linked to crypto-related corporate announcements.

Nasdaq has already tightened requirements, mandating shareholder approval for equity raises tied to crypto purchases. Analysts say the QMMM suspension highlights regulators’ intent to curb hype-driven rallies and could make exchanges more cautious when listing companies pursuing crypto treasury strategies.

When trading resumes in mid-October, QMMM may face sharp volatility, or further regulatory risk, depending on the outcome of the SEC’s review.



Source link

0 comments
0 FacebookTwitterPinterestEmail
ZIGChain price jumps 22% as BTCS allocates $30m to ZIG treasury strategy
Crypto Trends

ZIGChain price jumps 22% as BTCS allocates $30m to ZIG treasury strategy

by admin



ZIGChain price jumped double digits to hit highs of $0.11 amid a major digital asset treasury announcement by Europe-based firm BTCS.

Summary

  • ZIGChain price rose by more than 22% as price broke to highs of $0.11.
  • The token’s value jumped as BTCS announced a $100 million raise and $30 million allocation to its ZIG digital asset treasury strategy.

ZIGChain, the layer 1 blockchain aimed at the democratization of wealth generation through real-world asset tokenization, saw its native token’s price soar by more than 22% to hit highs near $0.11.

The surge to the intraday high, the highest price level for the altcoin in over a month, came amid an announcement by publicly-traded firm BTCS. In an update, BTCS, the largest European digital asset treasury company, said it had raised $100 million in a new funding round.

BTCS plans to use proceeds of this Series G raise for its crypto treasury strategy, with $30 million going into a ZIGChain (ZIG) treasury strategy.

🚨 Europe’s largest listed digital asset treasury, @BTCS_SA, has announced a $30M strategic allocation to accumulate $ZIG.

This is a powerful vote of confidence in ZIGChain’s vision for democratizing wealth generation through Real World Asset tokenization. https://t.co/DAC5ioXOx3

— ZIGChain (@ZIGChain) September 29, 2025

BTCS eyes ZIG yield

An expansion to the company’s diversified treasury strategy will also see 60% of the funds deployed towards exposure to Bitcoin (BTC) and 10% to Core (CORE). Deployment into BTCS’s active treasury strategy, unlike the passive “buy and hold” playbook popularized by Strategy.

BTCS’ approach aims to deliver operational revenue and yield – even during episodes of flat markets.

“The inclusion of ZIGChain in BTCS’s treasury strategy highlights a broader shift toward productive digital asset treasuries,” said Abdul Rafay Gadit, co-founder of ZIGChain and member of BTCS’s Supervisory Board.

He added:

“Unlike passive holdings, validators and staking rewards create recurring revenue streams while directly strengthening the networks themselves. We see this model as a sustainable path forward for listed companies seeking transparent and resilient exposure to digital assets.”

ZIGChain price last traded above current levels in late August, while its year-to-date highs of $0.13 came on January 18. The ZIG token traded at the all-time peak of $0.22 in April 2021. Notable ecosystem platforms for the layer 1 chain includes Zignaly, a regulated social investment platform and Zamanat, a Shariah-compliant RWA tokenization platform.





Source link

0 comments
0 FacebookTwitterPinterestEmail
Close