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Treasury

SharpLink Buys Back 1M Shares as its ETH Treasury Expand

by admin September 17, 2025

Ethereum treasury company SharpLink Gaming (NASDAQ: SBET), shared today that it bought back one million shares of its own stock at an average price of $16.67 as part of its ongoing $1.5 billion buyback program.

The Minneapolis-based firm has now bought back around 1.93 million shares, spending nearly $32 million since the initiative was approved in August, according to the release.

SharpLink said its treasury has expanded to 838,152 ETH, valued at approximately $3.7 billion based on current prices. This total includes 922 ETH added since August 31 and 3,240 ETH earned from staking since June, equal to about $14.4 million. The company stakes nearly all of its holdings and emphasized that it carries no debt.

“We continue to be focused on stockholder value,” co-CEO Joseph Chalom said in the press release. “By expanding our ETH concentration, we are reinforcing our commitment to align the long-term interests of SharpLink, Ethereum and our shareholders, while showcasing how digital assets can be responsibly and strategically deployed to drive meaningful value creation.”

But despite this, the price of the company’s shares has dropped briefly by 0.86% to $16.65 today, adding to a drop of more than 19% over the past month.

The company disclosed its first buyback on September 9 and said it will only purchase shares when its net asset value (NAV) falls below 1, which it considers a signal of being undervalued. Its current NAV stands at 0.91x, which shows that the stock price is underperforming compared to the Ethereum it holds.

“The Company continues to believe its common stock is significantly undervalued in the market, and that stock repurchases represent the best method to maximize stockholder value under current market conditions,” SharpLink said.

SharpLink is the second-largest Ethereum treasury among publicly traded firms, behind BitMine Immersion Technologies, which holds more than 2.1 million ETH valued at about $9.3 billion.

The repurchase program is funded with cash on hand, income from staking, and other financing options. Other firms are also moving in a similar direction. For instance, Ethereum treasury ETHZilla authorized a $250 million buyback in August, while Bitcoin treasury firm Strive announced a $500 million repurchase plan earlier this week.

Also Read: Binance Token BNB Reaches $957 All-Time High. $1000 Next?

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September 17, 2025 0 comments

NFT Gaming

Bitcoin Treasury Grows As Capital B Makes Strategic Acquisition: Bullish Market Outlook Still Lingers

by admin September 16, 2025

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

With Bitcoin’s price above the $115,000 level and gradually moving towards its all-time high, it appears that accumulation among retail and institutional investors is still heavily ongoing. An area where this notable accumulation is widely present is the BTC treasury strategy, which many big companies are significantly adopting.

Large Institutions Still Doubling Down On Bitcoin

As the current bull market cycle progresses, Bitcoin, the crypto king, remains the top digital asset among prominent figures and institutions in the ever-dynamic financial sector. This trend, which initially began on a small scale, has gone worldwide.

In the midst of this growing recognition, a Bitcoin treasury strategy has gained mainstream attention and adoption. Since the first move toward owning a BTC treasury reserve, initiated by Michael Saylor’s Strategy, many large firms around the world have followed suit.

A recent report shows that Capital B, a Europe-based private equity and investment advisory firm, has taken a decisive step into the crypto space with its BTC treasury. The firm, recognized as the first BTC treasury company in Europe, recently announced a strategic BTC purchase aimed at bolstering its growing crypto reserve.

This robust adoption of the initiative since its introduction signals heightened institutional conviction in the flagship asset’s long-term value and potential. It also underscores the expanding pattern of organizations aggressively increasing their BTC reserves as a long-term tactic to maintain value and fortify balance sheets.

In the announcement shared by Alexandre Laizet, the board director of BTC treasury at Capital B, it was revealed that the company has made a strategic purchase of 48 BTC. According to the director, the 48 BTC valued at approximately €4.7 million were purchased at €98,575 per coin.

With this fresh buy, Capital B has strengthened its position as one of the companies that is reaffirming its belief that BTC is a vital component of modern financial stability. Following the crucial move, the company has experienced a substantial yield of 1,536.6% Year-to-Date (YTD), and a 19.4% Quarter-to-Date (QTD). As of September 15, 2025, Capital B’s holdings boast 2,249 BTC worth a whopping €206.3 million, which was purchased at €91,718 per coin.

Capital B’s Sats Per Share Exponential Growth

It is worth noting that Capital B has experienced its sats per share climb sharply amid its Bitcoin acquisition. Over the past 10 months, the firm’s sats per share moved from 17 to 671, reflecting a spike in investor returns tied directly to BTC’s price action.

This increase demonstrates the company’s rising exposure to BTC, underscoring the potential for institutional adoption to transform conventional metrics of equity growth. Furthermore, it indicates the growing effectiveness of its treasury strategy in generating value for shareholders.

Capital B’s massive growth in sats per share | Source: Chart from Roxom on X

According to Alexandre Laizet, Capital B’s focus since November 2024 is highly directed at BTC Yield Maximization. In addition to yield maximization, the company’s move is accompanied by its long-term vision of creating the first and largest BTC treasury company in Europe. Such an achievement will allow Capital B to lead as a cornerstone of Digital Capital Markets.

BTC trading at $115,882 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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September 16, 2025 0 comments

GameFi Guides

Bears Winning as ‘Meaningful’ Discount Emerges for 4 Bitcoin Treasury Firms: TD

by admin September 16, 2025

In brief

A growing number of Bitcoin treasury firms are trading at discount to their holdings.
Some are likely to fade away or become acquired, per TD Cowen.
The investment bank thinks others will still outperform Bitcoin.

Some Bitcoin treasury firms are losing their luster as share prices sag below a key threshold, TD Cowen analyst Lance Vitanza shared in a Tuesday note.

Among 13 Bitcoin-buying firms tracked by the investment bank, four are trading “at meaningful discounts” against the value of their respective crypto holdings, he said. Among them were Semler Scientific (-4%), Sequans (-25%), DDC Enterprise (-18%), and Bitcoin Treasury Corp (-18%).

To an extent, these firms are trying to emulate Strategy’s playbook. Like the largest corporate holder of Bitcoin, they typically measure success based on the amount of Bitcoin that they own per share. All four firms pivoted toward buying Bitcoin this year.

Together, these firms have accumulated $1.15 billion worth of Bitcoin, but shifting stock prices have constrained a go-to source of funding. They can no longer issue common shares to buy Bitcoin, and while capturing that premium, purchase the asset to increase Bitcoin per share.

Strategy, which owns $73.49 billion worth of Bitcoin, has never slipped below the threshold. Within the cryptosphere, that ratio is colloquially referred to as mNAV, or market-to-net-asset value. Still, at a 1.29x premium, Strategy’s mNAV was two basis points away from all-time lows on Tuesday, according to Bitcoin Treasuries.

“A lot of this is an attention game,” Carlos Guzman, a research analyst at market maker GSR, told Decrypt, suggesting that Strategy benefits from a first-mover advantage.

Strategy’s premium peaked at 3.1x in November—before the debut of most Bitcoin treasury firms. As that premium has shrunk, common issuance has grown less accretive, Vitanza noted. That has made it more difficult for Strategy to grow its Bitcoin per share.

Bitcoin treasury firms are known to experience outsized volatility, “and bears clearly having their day,” Vitanza said. Some stocks should realistically trade at a premium, he said, given their lack of fees, ability to take on leverage through cheap debt, and manage operating expenses.

Moreover, TD Cowen expects “a number” of existing Bitcoin treasury firms to outperform the underlying asset, Vitanza said, noting that some struggling ones will likely be acquired.

James Chanos is likely among the bears Vitanza pictured. In May, the famed short-short seller declared that he was betting on an increase in Bitcoin’s price and against Strategy’s shares. When he unveiled his trade, Strategy was trading at a 1.94x premium to its Bitcoin holdings.

On Monday, Bitcoin treasury firm Kindly MD saw its premium temporarily evaporate after its CEO, David Bailey, encouraged the company’s doubters to sell their shares. Trading on the Nasdaq under the ticker symbol “NAKA,” its stock crashed more than 54% on Monday to $1.26 a share. The drop came after a tranche of shares became freely tradable for certain investors.

Shares rebounded to $1.51 on Tuesday, a 21% increase, according to Yahoo Finance. But with a market cap of around $568 million, the company’s shares changed hands at a 1.004 premium to its Bitcoin holdings.

The market may be souring on certain Bitcoin treasury firms today, but broadly, an increase in the asset’s price could flip the script fairly quickly, GSR’s Guzman said.

“Excitement for Strategy has gone away, but then the market turns, and it comes back,” he said. “Even if we’re seeing like these discounts right now, it could easily turn around if there’s more excitement or a big rally in Bitcoin.”

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September 16, 2025 0 comments

NFT Gaming

SharpLink Buys Back 1 Million Shares as Ethereum Treasury Sits at $3.8 Billion

by admin September 16, 2025

In brief

SharpLink repurchased 1 million shares of SBET at an average price of $16.67.
The firm has now used around $32 million of its $1.5 billion stock buyback program, buying back around 1.93 million shares.
Shares of SBET are down 2.62% in the last 24 hours, now changing hands at $16.33.

Ethereum treasury firm SharpLink Gaming continued its share buybacks, repurchasing one million shares of SBET at an average price of $16.67 while its ETH holdings expanded modestly, the firm announced on Tuesday.

The Minneapolis, Minnesota-based firm has now repurchased 1.93 million shares of SBET in the last two weeks, using nearly $32 million of the $1.5 billion it approved for a share repurchase program in August.

Meanwhile, it has added just 922 ETH or around $4.1 million to its treasury, since August 31.

“We continue to be focused on stockholder value,” said Sharplink co-CEO Joseph Chalom in a statement. “By expanding our ETH concentration, we are reinforcing our commitment to align the long-term interests of SharpLink, Ethereum and our shareholders, while showcasing how digital assets can be responsibly and strategically deployed to drive meaningful value creation.”

The firm’s market cap is currently trading below its net asset value of Ethereum holdings, according to its Ethereum dashboard—a situation in which Chalom previously indicated it would seek to repurchase its common stock.

Shares of SharpLink (SBET) were down around 2.6% since the opening bell on Tuesday, changing hands for $16.33. SBET has fallen more than 19% in the last month, underperforming ETH which has dropped just 2.2% in that time.

The gambling marketer turned Ethereum treasury has amassed the second largest publicly traded ETH treasury thus far.

It currently holds 838,152 ETH valued at around $3.7 billion based on ETH’s current price of $4,448. Only BitMine Immersion Technologies holds more, boasting greater than 2.1 million ETH valued at around $9.3 billion.

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September 16, 2025 0 comments

NFT Gaming

‘I Encourage You to Exit’: Bitcoin Treasury Nakamoto’s Shares Plunge 50% After CEO Letter

by admin September 16, 2025

In brief

Kindly MD shares crashed over 54% to $1.26 after the SEC approved trading of previously restricted shares from a $200 million fundraising deal.
CEO David Bailey encouraged short-term investors to exit, warning of volatility as the healthcare company transitions into a Bitcoin treasury operation.
The company’s market cap of $504 million now trades below the $663 million value of its 5,765 Bitcoin holdings, creating a discount opportunity.

David Bailey, CEO of newly formed Bitcoin treasury company Kindly MD, cautioned that the firm could be headed for volatility and said he would prefer naysayer investors leave now.

“For those shareholders who have come looking for a trade, I encourage you to exit,” he said in a shareholder letter Monday. “This transition may represent a point of uncertainty for investors, and we look forward to emerging on the other side with alignment and conviction amongst our backers.”

Bailey was referring to the company having submitted its S3 registration to the SEC on Friday, Sept. 12. The $200 million private investment in public equity offering,(PIPE) or PIPE, deal that the company used to raise funds offered shares to investors at a discount. Those investors were restricted from selling shares until the S3 was registered. TAnd now that it has been, those new shares are now freely tradeable on the open market.

Many investors who were feeling uneasy about Kindly MD, which trades on the Nasdaq under the NAKA ticker, have indeed headed for the exits. The company’s shares plummeted more than 54% to trade at $1.26.

This is the lowest the stock has been since February. And trading volume has reached above 89 million shares, which is the highest it’s been since an seemingly unexplained rally on February 12, when the company saw 219 million shares change hands before the closing bell, according to Yahoo Finance.

“Almost 80 million shares have traded today,” Bailey wrote on X. “Once again I’m humbled by the support and look forward to meeting all our new shareholders!”

In November 2024, the company closed below $1 more often than now, according to Yahoo Finance data. Nasdaq rules specify that if a company’s shares close below a dollar for 30 consecutive days, it will ’ll be issued a warning and given 180 days to remedy the situation. Things didn’t go that far for NAKA, but it’s happened to other treasury companies.

Kindly MD did not immediately respond to a request for comment from Decrypt.

Almost 80m shares have traded today. Once again I’m humbled by the support and look forward to meeting all our new shareholders!

Meeting with PIPE investors throughout the week as well. Most I’ve known for many years and I expect to ride with us for the long term. Cannot…

— David Bailey🇵🇷 $1.0mm/btc is the floor (@DavidFBailey) September 15, 2025

The publicly traded healthcare company completed its merger with Nakamoto Holdings, a Bitcoin-native holding company, a month ago. As part of the deal, Nakamoto Holdings became a wholly owned subsidiary of Kindly MD and is charged with operating the Bitcoin financial services line of business under the Nakamoto brand, according to a press release.

At the time of writing, the company’s current mNAV, has fallen to 0.75, according to Bitcoin Treasuries. The mNAV is the ratio between a company’s market cap and the value of the Bitcoin or other assets it holds. So that means its $504 million market capitalization is smaller than the value of its 5,765 Bitcoin, which is worth about $663 million at the current BTC price.

“We are more than just a healthcare company with a Bitcoin treasury,” Bailey wrote in his letter. “Our mission is to build the defining Bitcoin-native financial institution.”

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September 16, 2025 0 comments

NFT Gaming

Forward Launches Solana Treasury With $1.58 Billion Purchase

by admin September 16, 2025

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Forward Industries has commenced its Solana treasury strategy with an acquisition of more than 6.8 million SOL, backed by major industry players.

Galaxy, Multicoin, & Jump Back Forward’s Solana Treasury

According to a press release, Forward Industries has completed its initial liquid Solana purchases totaling 6,822,000 SOL for its treasury strategy. The tokens cost the company $232 each or a total of $1.58 billion. CoinGecko’s tracker shows the largest SOL treasury before today held $474 million, making Forward’s bet the largest yet.

Forward Industries is a publicly-traded company that has historically focused on design and manufacturing. The dip into the digital asset sector with the Solana treasury program represents a new shift.

Kyle Samani, Chairman of the Board of Directors at Forward Industries, said:

Today’s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks.

On September 11th, the firm closed a private investment in public equity (PIPE) raising $1.65 billion. The main players behind the financing were Galaxy Digital, Multicoin Capital, and Jump Crypto, each of which are firms that have had a notable presence in the digital assets sector. The latest purchase is the initial deployment of this raised capital.

Forward doesn’t plan to just passively hold SOL. Instead, the company has said it will take a more dynamic approach, deploying assets within the cryptocurrency’s ecosystem to generate more value. So far, it has put all its holdings into staking.

Samani noted:

We are building the world’s largest Solana treasury company, a strategy that will both advance the Solana ecosystem and deliver long-term value for our shareholders. We are pleased to make some of our SOL purchases on-chain, which is the first of many activities we expect the Company to do natively on-chain.

Forward’s treasury isn’t the only SOL news for today. Neurotech company Helius Medical Technologies has also revealed a plan for a Solana treasury strategy, as per a press release.

The company intends to raise $500 million through PIPE financing and a further $750 million via stapled warrants. Backers include Pantera Capital and Summer Capital, among other names.

Speaking of digital asset treasury companies, the OG firm Strategy (formerly MicroStrategy) has also added to its Bitcoin holdings today, as announced by co-founder and chairman Michael Saylor in an X post.

The acquisition has involved a total of 525 BTC, with a cost basis of $114,562 per token. In total, the buy has cost the company about $60.2 million, which is relatively modest when compared to some of the earlier purchases.

SOL Price

Solana neared the $250 mark during the weekend, but the asset’s price has declined since then as it has dropped to the $233 level.

The trend in the price of the coin over the last five days | Source: SOLUSDT on TradingView

Featured image from Dall-E, chart from TradingView.com

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September 16, 2025 0 comments

Crypto Trends

Helius Shares Pump 141% Amid $500 Million Raise for Solana Treasury

by admin September 16, 2025

In brief

Publicly traded Helius Medical Technologies announced that it’s raising $500 million to establish a Solana treasury.
The firm’s stock price rose by more than 141% as of the close of trading Monday.
Helius Medical Technologies is not affiliated with notable Solana infrastructure startup, Helius.

Medical devices manufacturer Helius Medical Technologies has raised $500 million through a private placement in public equity (PIPE) to create a Solana treasury, the company announced on Monday, part of a growing list of Nasdaq-traded companies shifting their focus to accumulate SOL.

Venture capital firms Pantera Capital and Summer Capital led the offering, which also included Big Brain Holdings, Avenir, FalconX, Arrington Capital, Animoca Brands, and HashKey Capital, among others. The offering is expected to close on or around Thursday.

“We believe that Solana is a category-defining blockchain and the foundation on which a new financial system will be built,” said Dan Morehead, founder and managing partner of Pantera Capital.

The announcement follows closely after several others in recent months involving Solana treasuries as companies—many of them struggling—seek ways to benefit from the surge in digital asset markets. Their efforts have, in turn, helped fuel the rally in crypto prices this year. Solana was recently trading at $233, up nearly 60% over the past three months.

A Myriad market showed that investors are upbeat about Solana, with 90% of them saying it would sooner rise to $250 rather than sink to $130.

(Disclosure: Myriad is a prediction market and engagement platform developed by DASTAN, parent company of an editorially independent Decrypt.)

Helius shares closed at $18.27, up about 141% in Monday trading, regaining a small portion of ground it has lost over the past year. HSDT hit over $772 last December.

Participants in the PIPE, which Helius said was “oversubscribed,” purchased common stock (and/or pre-funded warrants to purchase shares) for $6.81 and stapled warrants to buy shares with an exercise price equal to $10.13 per stapled warrant. Investors can exercise the stapled warrants for three years from the issue date.

Stapled warrants are contractual agreements that are tied to another security and cannot be exchanged or sold alone. Companies use them to make an offer more inviting for investors.

The announcement led to a humorous moment when Mert Mumtaz, the CEO of Helius—an unaffiliated provider of infrastructure and tooling for Solana developers—wrote on Twitter that he had received more than 50 messages assuming his company was responsible for the treasury.

some personal news

No, in all seriousness, I’m not involved with this at all — the name is yet another coincidence.

The universe is quite literally trolling me at this point

Again: I am not involved, neither is @heliuslabs nor Helium nor Helio nor Heliux nor Helicopter https://t.co/u0HbDs0ydr

— mert | helius.dev (@0xMert_) September 15, 2025

“I’m not involved with this at all,” the prominent Solana ecosystem personality noted, adding: “The universe is quite literally trolling me at this point. Again: I am not involved, neither is Helius Labs nor Helium nor Helio nor Heliux nor Helicopter.”

On Monday, medical design firm Forward Industries completed its first major Solana acquisition, becoming the largest publicly traded Solana treasury after amassing nearly $1.6 billion worth of SOL.

Last week, Canada-based SOL Strategies started trading on the Nasdaq Exchange, increasing its exposure to investors beyond the Canadian Stock Exchange and OTC markets. The firm has about $100 million worth of SOL in its treasury, though users have pledged a much larger tally to its network validator business. Based on its August business update, SOL Strategies now has 3.6 million SOL delegated to its validators, or greater than $820 million in assets under delegation.

Earlier this month, medical device packaging company Sharps Technology announced the acquisition of 2 million Solana, creating a $400 million treasury. Over the past three weeks, DeFi Development Corp, previously known as Janover—a real estate financing platform turned AI services firm—has added more than 603,000 SOL, bringing its tally above 2 million SOL.

Consumer products manufacturer Upexi now also holds more than 2 million Solana, nearly tripling its total, after multiple SOL purchases since June. And Classover, an edtech company, announced in June that it had purchased about 6,500 SOL as the first step in a plan backed by a $500 million convertible note program dedicated to acquiring and staking SOL.

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September 16, 2025 0 comments

Crypto Trends

Helius (HSDT) Soars 200% on $500M Raise for SOL Treasury

by admin September 15, 2025

Helius Medical Technologies (HSDT) announced on Monday it’s raising more than $500 million in a private financing round to create a Solana-focused treasury company.

The vehicle will hold SOL, the native token of the Solana blockchain, as its reserve asset and aims to expand to more than $1.25 billion via stock warrants tied to the deal, the press release said.

The financing was led by Pantera Capital and Summer Capital, with participation from investors including Animoca Brands, FalconX and HashKey Capital.

Shares of the firm rallied over 200% above $24 in pre-market trading following the announcement. Solana was down 4% over the past 24 hours.

The firm is joining the latest wave of new digital asset treasuries, or DATs, with public companies pivoting to raise funds and buy cryptocurrencies like bitcoin BTC$114,744.60, ether (ETH) or SOL.

Helius is set to rival with the recently launched Forward Industries (FORD) with a $1.65 billion war chest backed by Galaxy Digital and others. That firm confirmed on Monday that has already purchased 6.8 million tokens for roughly $1.58 billion last week.

Helius’ plan is to use Solana’s yield-bearing design to generate income on the holdings, earning staking rewards of around 7% as well as deploying tokens in decentralized finance (DeFi) and lending opportunities. Incoming executive chairman Joseph Chee, founder of Summer Capital and a former UBS banker, will lead the firm’s digital asset strategy alongside Pantera’s Cosmo Jiang and Dan Morehead.

“As a pioneer in the digital asset treasury space, having participated in the formation of the strategy at Twenty One Capital (CEP) with Tether, Softbank and Cantor, Bitmine (BMNR) with Tom Lee and Mozayyx as well as EightCo (OCTO) with Dan Ives and Sam Altman, we have built the expertise to set up the pre-eminent Solana treasury vehicle,” Cosmo Jiang, general partner at Pantera Capital, said in a statement.

“There is a real opportunity to drive the flywheel of creating shareholder value that Michael Saylor has pioneered with Strategy by accelerating Solana adoption,” he added.

Read more: Solana Surges as Galaxy Scoops Up Over $700M Tokens From Exchanges

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September 15, 2025 0 comments

Crypto Trends

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

by admin September 14, 2025

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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September 14, 2025 0 comments

NFT Gaming

TON Strategy Starts Share Buyback, Treasury Staking After Shares Plunge 40%

by admin September 13, 2025

TON Strategy Company (TONX) has repurchased over 250,000 shares of its common stock at $8.32 per share, well below its stated treasury asset value (TAV) of $12.18, the company said.

The move is part of its recently launched $250 million buyback program and follows its pivot to position toncoin TON$3.2026 as the company’s primary treasury asset.

The company also announced that it has begun staking its TON holdings to earn rewards by helping secure the blockchain networks, effectively using idle treasury assets to generate yield.

Data from StakingRewards shows that yield could be as high as 4.8%. The company on its website says it owns 217.5 million TON tokens, with each currently trading at $3.24. That would lead to an annual yield near $34 million if the entire treasury were to be staked.

TON Strategy shares are down more than 43% in the last 30 days, and saw a 9.2% drop in Friday’s trading session.

TONX shares have in after-hours trading moved up 3.7%.

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September 13, 2025 0 comments