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Treasury

Bitcoin (BTC) Treasury News: GME Raising Another $1.75B

by admin June 11, 2025

GameStop (GME), the embattled video game retailer turned meme stock, announced Wednesday a $1.75 billion convertible senior note offering.

Proceeds will be used at least in part for “making investments in a manner consistent with GameStop’s Investment Policy,” per a company press release. Said investment policy is to add bitcoin as a treasury reserve asset, according to a March release from the company.

Today’s offering, only open to qualified institutional buyers, includes an option for purchasers to buy an additional $250 million in notes within two weeks of the initial issuance,. The notes carry no regular interest and will mature in June 2032 unless they are converted or repurchased earlier.

Following the March announcement of the bitcoin treasury strategy, GameStop raised $1.3 billion through another convertible note offering. The company subsequently purchased 4,710 bitcoin for roughly $500 million during May.

GME shares were lower by 10% in after hours trading.

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June 11, 2025 0 comments

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Forget Bitcoin: Publicly Traded Firm Building $500 Million Crypto Treasury With FET

by admin June 11, 2025

In brief

Interactive Strength is allocating up to $500 million to purchase Fetch.ai (FET) tokens for its crypto treasury.
The company plans to use the tokens to support AI-powered fitness products.
CEO Trent Ward said the decision reflects utility over speculation, and a shift away from the popular Bitcoin-focused treasury model.

As companies and governments consider adding Bitcoin to their treasuries, Austin, Texas-based Interactive Strength is taking a different route—committing up to $500 million to buy Fetch.ai (FET) tokens as part of a targeted cryptocurrency strategy.

Rather than following the trend of holding Bitcoin as a hedge or brand signal, Interactive Strength is tying its crypto strategy directly to its AI integration roadmap, announcing the close of an initial $55 million investment by private equity firm ATW Partners and crypto market maker DWF Labs that will be used to acquire FET.

“This is a $500 million targeted allocation to open market purchases of the FET token,” Interactive Strength co-founder and CEO Trent Ward told Decrypt in an interview. “None of that capital is going to other tokens.”

Founded in 2017, Interactive Strength produces fitness equipment and digital training products, including vertical climbing machines and connected fitness mirrors. Interactive Strength became publicly traded in 2023, when its shares (TRNR) began trading on the Nasdaq.

Fetch.ai is a blockchain-based platform that develops decentralized AI tools, and is a founding member of the Artificial Superintelligence Alliance, alongside SingularityNET and Ocean Protocol. FET serves as the native token supporting the alliance’s shared AI infrastructure.

Ward said the choice of FET, rather than a more widely held asset such as Bitcoin, reflected the company’s plan to incorporate Fetch.ai’s technology into its product offerings.

“We think there’s real growth, value, and utility in the token,” he said. “We expect to develop products using Fetch’s technology, so we need the token for its utility on the platform. Buying it early and involving investors allows us to reduce costs and execute more effectively.”

Ward said the company will acquire FET tokens in stages, beginning with $55 million from the initial funding. Interactive Strength will release additional stock allotments over time for direct market purchases.

A former investment banker and hedge fund professional, Ward said that improving legal and regulatory conditions in the United States, following the 2024 presidential election, made the crypto treasury strategy more viable from a compliance perspective.

“Our lawyers are now much more relaxed than when we first started discussing this,” he said, acknowledging the growing corporate fascination with cryptocurrency. “The market appears to support the notion that there is a premium on equity value associated with crypto treasury strategies.”

For fudders and clarity: This is not an OTC deal it is a market purchase by the company and Fetch foundation does not have any influence in buying of $fet. For https://t.co/zoP7E8A5GX it is important that our technology is used and for that companies will need $fet. This is a… https://t.co/0hEVhn70GJ

— Humayun (@HMsheikh4) June 11, 2025

Ward said a meeting with Fetch AI CEO Humayun Sheikh and recent acquisitions helped inform the decision to launch a FET token treasury.

“Meeting with Humayun and the Fetch team clarified how their technology could enhance our offerings,” he said. “Meanwhile, the German company we’re acquiring, SportsTech, was already using AI in its products. Seeing those tools in action demonstrated their value and helped us connect the dots—this was the right move for us.”

Edited by Andrew Hayward

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June 11, 2025 0 comments

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Europe’s first Bitcoin Treasury firm plans to raise $340m to buy more BTC

by admin June 9, 2025

Adam Back-supported Bitcoin Treasury firm, Blockchain Group, wants to raise $340 million through ‘ATM-type’ shares as a way to raise capital with the intention of boosting its BTC holdings.

In a recent press release, the Paris-based company declared that it will be partnering with asset manager TOBAM to raise capital to boost its Bitcoin (BTC) Treasury. By allowing TOBAM to subscribe to ordinary shares issued by Blockchain Group, the firm hopes to raise a total revenue of $340 million which they will use to boost its BTC holdings.

“The Program allows TOBAM, on a daily basis, to subscribe to ordinary shares of the Company by submitting a subscription request after market close. Each request is subject to pricing and volume limits based on the market conditions,” wrote Blockchain Group.

At press time, BTC has gone up by nearly 2% and is currently trading at $107,126. In the past week, BTC has gone up nearly 2.5%. If Blockchain Group does manage to raise $340 million, then it stands a chance to add more than 3171.46 BTC to its Bitcoin Treasury. The Blockchain Group currently owns a total of 1,471 BTC ($157.5 million), including 624 BTC acquired in a recent purchase and 847 BTC held previously.

The program follows a structure called “At The Market” pricing, which is similar to the a model usually affiliated with U.S. companies. Instead of releasing all the shares into the market, Blockchain Group intends to sell shares directly at market prices, in tranches, and only under certain limits.

Price chart for Bitcoin in the past few hours, June 9, 2025 | Source: crypto.news

This means that TOBAM can subscribe to ordinary shares belonging to Blockchain Group on a daily basis, allowing them to submit a request after the market closes.

According to the press release, the company plans to sell the share price at a limit that’s either higher than the stock market closing price or at the volume weighted average price of the trading day before TOBAM’s request.

Based on the company’s shareholder general meeting results, the firm has agreed to issue a maximum nominal amount of €500 million ($570 million) in nominal value. Although, the increase will only take place if it is authorized by the Blockchain Group’s board.

Blockchain Group has adopted a Bitcoin accumulation strategy since November 2024, becoming the first European company to start a Bitcoin Treasury.

Since Bitcoin reached a new all-time high in May, many Bitcoin-focused corporations have been accelerating their Bitcoin acquisition strategy. Most recently, Metaplanet vowed to raise its Bitcoin Treasury to hold 210,000 BTC by 2027.

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June 9, 2025 0 comments

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World Liberty Financial to ‘Align’ With TRUMP Memecoin, Add it to Its Treasury

by admin June 7, 2025

Eric Trump said that World Liberty Financial, the decentralized finance project with ties to the Trump family, plans to acquire a “substantial position” in the TRUMP memecoin for its long-term treasury as it “aligns” with the project.

The announcement, posted to X on Friday, framed the move as part of a shared vision for “crypto, patriotism and long-term success.”

While few concrete details were provided, the commitment suggests an effort to bring a veneer of institutional weight to a token that, like most memecoins, trades largely on attention and branding.

It’s unclear how much capital the firm plans to commit. Other holdings in its portfolio include major altcoins like ether

, bitcoin , and TRX , along with some stablecoins.

The project has nevertheless accumulated several lesser-known tokens, including BUILDon (B) after the project announced it would use WLF’s USD1 stablecoin for real-world use cases.

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June 7, 2025 0 comments

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Early Twitter Investor Builds $100 Million Bitcoin Treasury for Public Healthtech Company

by admin June 6, 2025

In brief

Healthtech firm Know Labs is planning to buy 1,000 Bitcoin for its corporate treasury, or over $100 million worth.
Fintech investor Greg Kidd is acquiring a controlling share in the firm, and he will lead it as CEO upon the deal’s completion.
Know Labs is one of the latest public companies that has recently signaled it would begin buying Bitcoin.

Yet another public company with little-to-no previous involvement in the cryptocurrency industry has signaled it will top up its coffers with Bitcoin.

Health technology firm Know Labs plans to buy 1,000 Bitcoin, worth roughly $105 million as of writing time, a company representative said Friday in a statement also announcing that prominent fintech investor Greg Kidd would be acquiring a controlling interest in the firm.

“I’m thrilled to deploy a Bitcoin treasury strategy with the support of a forward-looking organization like Know Labs at a time when market and regulatory conditions are particularly favorable,” Kidd said Friday in the statement. “We believe this approach will generate sustainable growth and long-term shareholder value.”

Know Labs did not immediately reply to Decrypt’s request for comment.

Bitcoin was recently trading at $105,031, up 8% over the last month according to CoinGecko data. Know Labs shares are trading at $0.87, marking a 71% increase in its stock price since Thursday’s close.

Kidd will become Know Labs’ next CEO upon the deal’s completion, according to the statement. The investor is known for backing major tech and crypto startups at an early stage, including Twitter, Coinbase, Solana, Block, and Robinhood.

The strategy shift comes as a growing field of public companies stock their reserves with cryptocurrencies to share in the success of software firm Strategy’s Bitcoin-holding playbook. Strategy is the largest publicly traded Bitcoin treasury firm with nearly $61 billion worth of the cryptocurrency.

There are at least five dozen publicly traded companies—a good portion of which have historically had very little involvement with the crypto industry—that have established Bitcoin treasuries, data analytics firm Standard Chartered shared in a June 3 report. And, the list is poised to grow longer: Norwegian Block Exchange, SolarBank, and now Know Labs have all signaled over the past few days their intent to accumulate the world’s oldest cryptocurrency.

An increasing number of public companies have also taken steps to amass significant amounts of altcoins, including Solana, XRP, and Ethereum.

Public companies’ embrace of virtual tokens as reserve assets comes as the U.S. undergoes a pro-crypto regulatory overhaul, helmed by self-styled crypto champion U.S. President Donald Trump.

Following Trump’s inauguration in January, the crypto industry’s main regulators, the Commodities and Futures Trading Commission and the Securities Exchange Commission, have undergone sweeping staffing changes, losing several crypto-skeptic commissioners and welcoming more tech-friendly leaders and staffers.

Trump also signed a spate of pro-crypto executive orders earlier this year, signaling his administration’s commitment to the crypto industry, which served as a major source of political donations during the 2025 U.S. elections.

The directives called for the U.S. Treasury to amass Bitcoin and other cryptocurrencies, in addition to introducing protections for crypto mining and self-custodying.

Edited by James Rubin

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June 6, 2025 0 comments

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Ethereum Foundation Sets Treasury Strategy to Back DeFi, Cut Spending Over Time

by admin June 5, 2025

In brief

Following community feedback, the policy seeks to normalize the foundation’s approach to selling ETH.
The foundation plans to reduce annual expenses from 15% to 5% over the next five years.
It’s also adopting a set of “Defipunk” principles to screen DeFi protocols before deploying its treasury assets.

The Ethereum Foundation has published a new treasury policy that aims to reshape how its reserves are held and invested, seeking to rewrite the playbook in a way better suited to the on-chain world it helped create.

The new set of treasury policies marks two key moves from the non-profit organization that stewards development for the Ethereum ecosystem.

It aims to reduce annual spending from 15% of assets to just 5% by 2030 and will also seek to utilize its treasury for DeFi protocols.

Those prospects are projected to “earn acceptable returns on treasury assets” while staying “consistent with Ethereum’s underlying principles,” Hsiao-Wei Wang, co-executive director at the foundation, wrote Wednesday.

The new policies formalize a lower spending trajectory and a rule-based approach for converting the foundation’s Ethereum reserves into cash.

It plans to achieve this by committing to reduced annual operating expenses and creating a predictable “glide path and baseline” toward spending, Wang explained.

The foundation “expects to remain a long-term steward, but envisions its scope gradually narrowing,” Wang claimed.

The rule-based conversion, meanwhile, works by automatically selling Ethereum (ETH) only when cash reserves fall below the 2.5-year expense buffer (approximately 37.5% of the treasury), Wang wrote.

For every quarter, the Ethereum Foundation will sell a portion of its Ethereum reserves based on the amount of cash required, converting the Ethereum to fiat through exchanges or on-chain swaps.

The target cash reserve, calculated as annual operating spend, multiplied by the desired runway, “directly informs the size and the cadence of ETH sales,” Wang noted.

Decrypt approached the Ethereum Foundation to learn more.

Ethereum goes ‘Defipunk’

In the note, the foundation introduced “Defipunk,” a new term that describes how “cypherpunk” values can be applied to DeFi (decentralized finance) and the broader Ethereum ecosystem.

The term is derived from and borrows core ideas in the Cypherpunk Manifesto, written by American programmer and mathematician Eric Hughes in 1993.

In the manifesto, Hughes argues that privacy is essential for a free and open society. To keep it, individuals need to build practical defenses through cryptography and code, rather than relying on the authority of governments or corporations.

The foundation has established criteria for projects it seeks to support, aligning with the vision.

“For privacy to be widespread, it must be part of a social contract,” Hughes wrote.

The Ethereum Foundation echoes this, with Wang noting that privacy has “inherent network effects,” and yet has received “very little attention so far.”

“Strong, early institutional support” from entities such as the Ethereum Foundation could be “uniquely valuable in flipping the equilibrium” for privacy in the decentralized finance sector, Wang wrote.

Edited by Sebastian Sinclair

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June 5, 2025 0 comments

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Publicly Traded Edtech’s Stock Soars 44% After Solana Treasury Pivot

by admin June 3, 2025

In brief

Classover joins a growing list of publicly traded companies to announce a crypto treasury strategy.
But the online educational platform is buying Solana not Bitcoin.
It has already purchased 6,472 SOL worth approximately $1 million.

A Nasdaq-listed online education platform has announced a crypto-buying strategy—but will snap up SOL, the sixth biggest digital coin, and not Bitcoin.

Classover, which provides online children classes, said Tuesday that it had entered into an agreement with Solana Growth Ventures LLC to issue $500 million in senior secured convertible notes to purchase Solana.

The company added that it had already bought 6,472 SOL for approximately $1.05 million as part of its plan to “acquire, hold, and stake Solana.”

In a statement, the New York-based firm’s CEO Hui Luo said the company had a “strong commitment to becoming a leader in blockchain-aligned financial strategy and positioning itself among the first publicly traded companies to directly integrate SOL into its treasury operations.”

Decrypt reached out to Classover for additional comment.

SOL is the native coin of the Solana blockchain, a crypto network that competes with Ethereum. Developers use the blockchain to build everything from crypto exchanges and meme coins to games.

The asset has gained popularity in recent years with the likes of Visa announcing it would use the blockchain’s technology to speed up credit card payments.

Solana’s payment protocol Solana Pay has also integrated with the e-commerce platform Shopify so merchants can accept stablecoin USDC via the blockchain.

Classover is following a similar path to Nasdaq-listed AI-powered real estate platform DeFi Development Corporation, which has a SOL treasury of nearly 600,000 coins valued at close to $100 million. Its initiative is also part of a wave of companies building crypto treasuries.

Strategy—formerly MicroStrategy—was the first publicly traded company to start a Bitcoin-buying masterplan.

The software firm is now the largest corporate holder of Bitcoin, with 580,955 BTC—or $61.6 billion—in the leading cryptocurrency. The firm allows investors to buy its stock as a Bitcoin proxy.

Other publicly traded companies that have followed suit include Semler Scientific and Metaplanet.

Classover stock (KIDZ) was trading for a little over $5 on Tuesday, after jumping 40% over a 24-hour period.

Edited by James Rubin

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June 3, 2025 0 comments

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

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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

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SolarBank Follows Michael Saylor’s Lead with Bitcoin Treasury

by admin June 3, 2025

SolarBank Corporation is now also following the footsteps of Michael Saylor’s Strategy (formerly MicroStrategy) by adding Bitcoin to its treasury reserves. This design is part of a long-term plan to strengthen its finances and appeal to tech-savvy investors.

According to the filing, the company has applied to open an account with Coinbase Prime, where they can store bitcoin securely, use tools like USDC, and use a self-custody wallet. SolarBank Corporation builds solar and battery storage projects in North America.

Why SolarBank Chosse Bitcoin?

SolarBank intends to use Bitcoin to protect its finances against inflation and the depreciation of existing currencies. It also gives the firm more freedom in how it generates cash, allowing it to access new types of institutional finance that are increasingly linked to digital assets.

The biggest concern of Bitcoin mining is that it consumes a lot of energy. But with the production of solar power and increasing battery storage, the company can somehow reduce the environmental burden of Bitcoin. The company also opted for Bitcoin due to the increasing number of tech-savvy investors looking for crypto, blockchain, and decentralised finance (DeFi).

SolarBank is the company that combines clean energy with technologies like DeFi and Web3. This makes it different and benefits the growing interest in both renewable energy and innovative finance.

CEO Dr. Richard Lu said, “Bitcoin is gaining ground, and we believe adding it to our treasury strategy makes sense in today’s energy and finance landscape. This move strengthens our mission: delivering clean energy and building long-term value.

However, the company has not bought any bitcoin. SolarBank says purchases will depend on market conditions, Bitcoin’s price, and its own cash flow. The strategy could change at any time, depending on business needs. The company has also clarified that its main focus is still building and operating renewable energy projects, despite this new bitcoin strategy.

Also Read: Norway’s K33 To Purchases 10 Bitcoin for SEK 10 Million

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June 3, 2025 0 comments

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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