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  • Jiuzi Holdings taps SOLV Foundation for its $1B Bitcoin investment plan

    Jiuzi Holdings taps SOLV Foundation for its $1B Bitcoin investment plan

    Jiuzi Holdings taps SOLV Foundation for its $1B Bitcoin investment plan

    • Jiuzi commits up to $1B and 10,000 BTC to SOLV’s DeFi yield platform.
    • The partnership bridges TradFi compliance with DeFi Bitcoin finance.
    • JZXN shares have surged over 17% following the strategic announcement.

    Jiuzi Holdings, Inc. (NASDAQ: JZXN) has unveiled a sweeping $1 billion Bitcoin finance initiative through a strategic partnership with SOLV Foundation, a decentralised finance (DeFi) platform managing more than $2.8 billion in total value locked.

    The move positions Jiuzi as one of the few Nasdaq-listed firms actively bridging traditional finance (TradFi) with DeFi to create compliant, yield-generating Bitcoin products for institutional investors.

    10,000 Bitcoin commitment to SOLV’s flagship SolvBTC.BNB vault

    The partnership will see Jiuzi allocate up to $1 billion from its digital asset plan into Bitcoin staking and yield-focused blockchain products.

    Central to the strategy is a commitment of up to 10,000 Bitcoin to SOLV’s flagship SolvBTC.BNB vault on the BNB Chain — one of the largest Bitcoin yield platforms in the ecosystem.

    The assets will be safeguarded by regulated third-party custodians and verified through Chainlink’s proof-of-reserves auditing system, ensuring transparency and institutional-grade security.

    This marks a pivotal moment for Jiuzi Holdings, which is best known for its new energy vehicle infrastructure business in China.

    The company has been steadily diversifying into blockchain finance, and its partnership with SOLV Foundation signals a deepened commitment to positioning Bitcoin as a productive, yield-bearing asset rather than a passive store of value.

    Building a compliant bridge between TradFi and DeFi

    Jiuzi and SOLV have emphasised that the partnership will operate under strict compliance with US Securities and Exchange Commission (SEC) regulations and Nasdaq listing standards.

    The collaboration will establish a joint Steering Committee composed of senior representatives from both organisations.

    This committee will develop and oversee Bitcoin-centric DeFi initiatives, including expanding the adoption of SolvBTC across additional blockchain networks such as Solana and Base.

    By combining Jiuzi’s regulatory standing and institutional access with SOLV’s on-chain expertise, the partnership aims to create a secure, transparent, and scalable financial framework for Bitcoin-based products.

    Both companies view the collaboration as a model for how regulated capital can participate safely in decentralised yield markets.

    Optimising treasury strategy through blockchain

    Beyond its yield products, Jiuzi will anchor its corporate treasury around Bitcoin as its primary digital asset.

    The firm’s Bitcoin holdings, including those of its subsidiaries, will be deposited on SOLV’s platform and managed under the supervision of approved custodians.

    This approach is designed to maximise capital efficiency while maintaining visibility and accountability through blockchain-based auditing tools.

    Li Tao, Chief Executive Officer of Jiuzi Holdings, described the partnership as “a transformative step forward” that strengthens the company’s Bitcoin vault strategy and aligns it with one of the most advanced ecosystems for Bitcoin liquidity and staking.

    SOLV Protocol co-founder Ryan Chow added that the partnership merges Jiuzi’s regulatory stature with SOLV’s expertise in managing large-scale Bitcoin assets, paving the way for secure institutional capital flow into DeFi.

    Notably, the news of the partnership sparked a sharp rally in Jiuzi’s stock, with shares surging more than 22% in trading following the announcement.

    Investors responded positively to the company’s expansion into digital asset finance, recognising the potential for Jiuzi to play a pivotal role in institutional Bitcoin adoption.

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  • Sui price prediction after SUI Group Holdings’ $332m token grab

    Sui price prediction after SUI Group Holdings’ $332m token grab

    Sui is trading up as bulls continue the uptick seen since SUI Group Holdings’ recent acquisition of 20 million SUI tokens.

    As the company boosted its treasury to over $332 million, Sui prices jumped amid optimism about the future of SUI.

    The altcoin is up from lows of $3.12 this week and could explode as the crypto market eyes a Q4 rebound.

    Sui price surge – key bet by SUI Group Holdings

    Although gains in the past 24 hours and week are below 3%, analysts are bullish about SUI following recent activity.

    The token, which  currently stands at $3.41, with a 24-hour trading volume of $806 million according to CoinMarketCap, also has open interest at $12.19 billion to indicate trader confidence.

    As this happens, the recent purchase of 20 million SUI tokens by SUI Group has added to short term optimism.

    The company’s holdings of 101.8 million tokens are a move that hints at strong confidence in the project’s future.

    “Since the initiation of our SUI treasury strategy in late July, we have expeditiously accumulated over 100 million SUI, underscoring our conviction in the transformative potential of the SUI blockchain and its critical role in the future of decentralized finance,” said Stephen Mackintosh, Chief Investment Officer of SUI Group.

    Accumulation executed through a discounted deal with the Sui Foundation has sparked discussions about a potential price surge, building on the bullish momentum.

    The recent treasury boost is seen as a catalyst, potentially pushing the price toward $4.00 within the next quarter if market conditions remain favorable, which further strengthens SUI’s fundamentals, attracting long-term investors.

    Sui price volatility

    Despite the optimism, the crypto market’s volatility encounters challenges as analysts caution that whale activity, like SUI Group’s, might lead to short-term price swings, with a possible dip to $3.00 if selling pressure mounts.

    Buyers appear willing to step in repeatedly, reinforcing the base if the price finally cracks, with the structure favouring a swift climb as liquidity thins above.

    In this case, the Sui price could explode above $4.00, with targets above $5.00 in the short term.

    Sui chart by TradingView

    However, the SUI Group’s cash reserves  for further acquisitions signal a commitment to growth, potentially stabilizing the token.

    As the crypto community reacts with enthusiasm, with users heaping praise on the treasury strategy move, the main target will be on what this means for the long term price outlook.

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  • Strategy buys 6,220 Bitcoin for $739.8M, takes total holdings past $43B

    Strategy buys 6,220 Bitcoin for $739.8M, takes total holdings past $43B

    Strategy buys 6,220 Bitcoin for $739.8M, takes total holdings past $43B

    • $740.3M raised via equity sales across four security classes.
    • 1.6M MSTR shares sold under $21B ATM authorisation.
    • Strategy’s BTC yield for 2025 stands at 20.8% year-to-date.

    Strategy has added another 6,220 Bitcoin to its corporate balance sheet, spending $739.8 million during the week ending July 20, 2025.

    The purchase was funded through the company’s ongoing at-the-market (ATM) equity offerings.

    With this latest acquisition, the firm now owns 607,770 BTC—worth over $43 billion at current prices—making it the largest institutional holder of Bitcoin worldwide.

    The firm, chaired by billionaire Michael Saylor, paid an average of $118,940 per Bitcoin in its latest purchase, as disclosed in a filing published on Monday.

    This represents a significant premium over its historical average acquisition cost of $71,756 per BTC.

    Strategy issues 1.6M MSTR shares in latest equity round

    Between July 14 and July 20, Strategy raised approximately $740.3 million across four different security classes.

    The majority of funds—$736.4 million—were generated from the sale of 1,636,373 MSTR common shares.

    The company also issued 5,441 STRK preferred shares with an 8.00% strike, raising $700,000. Another 2,000 STRF shares were sold at a 10.00% strike, bringing in $200,000. Additionally, 31,282 STRD preferred shares, also with a 10.00% stride, were issued for $3.0 million in proceeds.

    All four instruments fall under large multi-billion-dollar issuance programmes. Both the MSTR and STRK share classes are authorised for up to $21 billion each.

    These programmes demonstrate Strategy’s continued ability to convert equity into Bitcoin reserves at scale without relying on traditional financing channels.

    BTC acquisition cost shows 20.8% YTD return for Strategy

    Bitcoin prices remain significantly higher than Strategy’s average cost basis of $71,756, giving the firm a year-to-date return of 20.8% on its BTC holdings.

    At current market prices—just above $118,000—Strategy’s crypto treasury continues to outperform many traditional corporate investments.

    This yield figure is particularly notable as Bitcoin has consolidated after hitting an all-time high of $123,000 last week.

    Although prices have since pulled back slightly, the bullish market structure remains intact.

    Analysts have observed a pennant formation following BTC’s strong rally in July, typically a continuation pattern that suggests potential for further upside.

    Despite short-term market volatility, Strategy’s long-term accumulation approach has proven resilient.

    The latest purchase reinforces its strategy of treating Bitcoin as a primary treasury asset and a long-term store of value.

    Market reacts as Saylor signals continued BTC accumulation

    Michael Saylor has maintained a consistent narrative around Bitcoin being a superior store of value.

    On Saturday, just days after the most recent BTC buy, he posted on X (formerly Twitter): “Stay humble, stack sats.” The phrase has been interpreted as a signal that Strategy’s accumulation is far from over.

    The company’s approach, combining equity capital markets with ongoing BTC purchases, serves as a blueprint for institutional crypto exposure.

    As regulatory clarity and institutional infrastructure improve, Strategy’s model could influence how other publicly listed firms handle treasury allocation.

    Bitcoin’s latest rally, paired with corporate participation at this scale, continues to shift market sentiment toward long-term adoption.

    While the token’s price has slipped slightly from its recent peak, its resilience above the $115,000 level is being closely watched by traders and institutional investors alike.
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  • Strategy boosts Bitcoin holdings to $73B amid record-high prices

    Strategy boosts Bitcoin holdings to $73B amid record-high prices

    Bitcoin

    • Strategy bought 4,225 Bitcoin for $472 million, bringing its total holdings to $73 billion.
    • The company raised funds through preferred shares and plans to report a multi-billion-dollar profit next month.
    • Strategy’s stock is up over 3,300% since 2020 as Bitcoin strategy drives its $121 billion market cap.

    Michael Saylor’s Bitcoin-focused company, Strategy (formerly MicroStrategy Inc.), has further expanded its already massive cryptocurrency holdings with a recent purchase of 4,225 Bitcoin tokens.

    According to a regulatory filing with the U.S. Securities and Exchange Commission (SEC) on Monday, the company spent $472 million during the seven days ending July 13, acquiring the tokens at an average price of $111,827 each.

    This purchase comes as Bitcoin trades near all-time highs, recently hitting $123,000 before slightly retreating to $120,483 as of writing this.

    With this latest acquisition, Strategy now holds Bitcoin valued at approximately $73 billion, representing about 2.8% of the total 21 million Bitcoin that will ever exist.

    The company remains the largest corporate holder of Bitcoin globally.

    The purchase was funded through proceeds from the sale of preferred shares via Strategy’s at-the-market (ATM) program.

    The firm raised the full $472 million last week through three offerings of these stock-like products, which are tradable indefinitely and offer dividend payouts.

    The use of preferred equity instead of common stock marks a strategic shift in how Strategy finances its growing Bitcoin portfolio.

    Strategy eyes profit amid accounting changes and crypto surge

    Strategy is poised to report a multi-billion-dollar profit in its upcoming earnings release, benefiting from both the strong rebound in Bitcoin prices and changes to accounting standards that now more accurately reflect the value of its digital asset holdings.

    The company has spent $7.24 billion on Bitcoin in the current quarter across 13 separate transactions, according to Bloomberg.

    This aggressive accumulation aligns with the Strategy’s long-standing approach of using Bitcoin as a hedge against inflation, a strategy first initiated in mid-2020.

    Since then, the company’s stock has surged over 3,300%, significantly outperforming traditional equity benchmarks.

    During the same period, Bitcoin has risen by more than 1,000%, while the S&P 500 has gained approximately 115%.

    The potential for substantial quarterly earnings also reflects the increasing institutional acceptance of Bitcoin as a store of value.

    For Strategy, this bolsters its positioning as both a technology company and a de facto Bitcoin investment vehicle.

    Market cap climbs as Bitcoin strategy evolves

    Strategy’s market capitalization now exceeds $121 billion, a figure largely driven by investor enthusiasm over its bold Bitcoin-centric approach.

    The company’s commitment to consistently increasing its exposure to the cryptocurrency market has transformed its profile on Wall Street and among digital asset advocates.

    The firm’s decision to rely more heavily on preferred share offerings suggests a deliberate shift to reduce dilution for common shareholders while continuing to pursue large-scale Bitcoin acquisitions.

    The nature of these instruments—tradable forever and dividend-paying—may also appeal to a broader base of investors looking for exposure to crypto-linked equities with income potential.

    With Bitcoin prices hovering near record highs and regulatory scrutiny of digital assets ongoing, Strategy’s actions will continue to be closely watched by both crypto investors and traditional market participants.

    As the company prepares to release its quarterly results next month, all eyes will be on whether its aggressive bet continues to pay off.
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  • Michael Saylor’s Strategy acquires $531M in Bitcoin, boosting holdings near 600,000 BTC

    Michael Saylor’s Strategy acquires $531M in Bitcoin, boosting holdings near 600,000 BTC

    AI generated image for Bitcoin in a vault

    • The average purchase price for the new acquisition was $106,801 per coin.

    • The company has now spent approximately $42.4 billion on Bitcoin since it began accumulating the crypto.

    • According to data from Bitcoin Treasuries, 134 public companies now hold bitcoin on their balance sheets.

    Michael Saylor’s Strategy, the largest public holder of Bitcoin, added 4,980 BTC to its balance sheet last week, according to a US Securities and Exchange Commission filing on Monday.

    The purchase, valued at $531.1 million, came as Bitcoin rallied from around $101,000 to above $108,000 during the final week of June, per CoinGecko data.

    The average purchase price for the new acquisition was $106,801 per coin, bringing the firm’s total Bitcoin holdings to 597,325 BTC.

    The company has now spent approximately $42.4 billion on Bitcoin since it began accumulating the cryptocurrency, with an average purchase price of $70,982 per BTC.

    The Bitcoin ‘Strategy’

    Strategy funded its latest purchase using proceeds from its active at-the-market (ATM) offerings.

    Last week, the firm sold 1,354,500 shares of its Class A common stock (MSTR) for $519.5 million.

    It also sold 276,071 shares of its Strike preferred stock (STRK) for $28.9 million and 284,225 shares of its Strife preferred stock (STRF) for $29.7 million.

    Following the latest acquisition, Strategy’s year-to-date gain in Bitcoin now totals 85,871 BTC, compared with a full-year gain of 140,538 BTC in 2024.

    That equates to a $9.5 billion BTC gain this year, according to the company’s internal figures.

    The company also reported modest increases in its yield metrics.

    Year-to-date Bitcoin yield rose by 0.5 percentage points to 19.7%, inching closer to Strategy’s goal of 25% yield by the end of 2025.

    Quarter-to-date yield also edged up by 0.4 percentage points to 7.8%.

    More BTC buys may be on the way for Strategy?

    On Sunday, Strategy Executive Chairman Michael Saylor had again hinted at a potential upcoming bitcoin purchase, updating the company’s bitcoin portfolio tracker on Sunday with the remark, “In 21 years, you’ll wish you’d bought more.”

    The comment echoes his BTC Prague keynote, where he projected Bitcoin’s value could reach $21 million per coin within two decades.

    Between June 16 and June 22, Strategy acquired an additional 245 BTC for approximately $26 million at an average price of $105,586 per bitcoin.

    The company had slowed its purchasing pace in recent weeks as it shifted focus from its at-the-market (ATM) common stock program to issuing perpetual preferred shares to finance further acquisitions.

    The latest purchase marks a return to using the MSTR ATM after more than a month.

    According to data from Bitcoin Treasuries, 134 public companies now hold bitcoin on their balance sheets, continuing the trend initiated by Saylor and MicroStrategy.

    Recent adopters include Tether-backed Twenty One, Nakamoto, Trump Media, and GameStop, alongside earlier entrants such as Semler Scientific and KULR Technology Group.

    Japanese firm Metaplanet also announced on Monday that it had added 1,005 BTC to its reserves, raising its total holdings to 13,350 BTC—surpassing those of Galaxy Digital and CleanSpark.
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  • Metaplanet issues $24.8M in bonds to boost Bitcoin holdings past 5,000 BTC

    Metaplanet issues $24.8M in bonds to boost Bitcoin holdings past 5,000 BTC

    • The funds raised will be specifically allocated for further Bitcoin purchases.
    • The bonds were sold in full to EVO FUND.
    • The bonds offer investors the potential for early repayment if certain conditions are met.

    Tokyo-based Metaplanet is taking steps to expand its cryptocurrency portfolio by issuing ¥3.6 billion (approximately $24.8 million) in bonds to fund the acquisition of more Bitcoin (BTC).

    This move comes as the Japanese hotel firm’s Bitcoin holdings surpass the 5,000 BTC mark.

    The bonds, which carry no interest, are set to be redeemed at their par value on October 31, 2025, or earlier, if the bondholder requests repayment.

    The funds raised will be specifically allocated for further Bitcoin purchases, continuing the company’s earlier strategy to increase its digital asset investments.

    The bonds were sold in full to EVO FUND, a move Metaplanet hopes will help support its growing Bitcoin strategy.

    While the bonds carry no interest, they offer investors the potential for early repayment if certain conditions are met.

    Specifically, Metaplanet plans to use capital raised through stock acquisition rights to redeem the bonds.

    This means the company’s ability to repay the bonds hinges on the demand for its equity-linked instruments, highlighting a potential reliance on investor sentiment and market conditions.

    Metaplanet’s recent bond issuance underscores the growing trend of companies integrating Bitcoin into their financial strategies.

    With cryptocurrency markets gaining momentum, the company’s move aligns with the broader trend of corporate adoption of digital assets as a store of value.

    As Metaplanet’s share price recently rose by 8.6%, investors are keeping a close eye on how the company’s Bitcoin purchases will impact its financial performance in the coming years.

    In an era where digital currencies are becoming more mainstream, Metaplanet’s decision to use bonds for Bitcoin acquisition marks a noteworthy step toward integrating cryptocurrency into corporate balance sheets.

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  • Tesla reclaims $1B in Bitcoin holdings even as shares fall sharply

    Tesla reclaims $1B in Bitcoin holdings even as shares fall sharply

    Bild eines Bitcoins auf einer Papieroberfläche mit dem Tesla-Logo

    • EV sales fell 13%, production down 16%, causing 20% segment decline.
    • Bitcoin holdings valued over $1 billion as BTC hits $93,000.
    • Tesla holds 11,509 BTC with no transactions this quarter.

    Tesla has reaffirmed its strategic bet on Bitcoin despite disappointing quarterly earnings, a plunging stock price, and slowing electric vehicle sales.

    As of March 31, 2025, the company holds 11,509 Bitcoin, currently valued at just over $1 billion after a 6% rise in the cryptocurrency’s price to $93,000.

    This development comes at a time when Tesla is under pressure from shareholders following a 41% decline in its stock price this year and growing scrutiny around CEO Elon Musk’s political involvement.

    Revenue down, deliveries slump

    Tesla’s Q1 2025 revenue reached $19.34 billion, falling short of Wall Street’s projection of $21.37 billion.

    The shortfall is largely tied to the company’s main business—electric vehicles—which saw a 13% drop in deliveries and a 16% dip in production.

    This led to a 20% year-over-year decline in revenue from its core segment.

    Tesla’s declining delivery numbers mirror broader industry challenges, but some of the headwinds are unique to the company.

    Ongoing protests and concerns around Musk’s dual focus—spanning political appointments and social media commentary—have amplified investor unease.

    Despite this, Tesla made no changes to its Bitcoin position during the quarter, signalling a clear intention to maintain it as a long-term asset.

    Bitcoin strategy remains unchanged

    Tesla’s current holding of 11,509 BTC was first acquired in February 2021, with about 75% of it sold off in July 2022.

    The remainder has been left untouched.

    At the end of 2024, this stash was worth approximately $1.076 billion. By the close of Q1 2025, Bitcoin’s 12% decline had reduced the value to around $951 million.

    However, with Bitcoin prices rebounding to $93,000, the portfolio’s worth has climbed back above the $1 billion mark.

    New rules introduced by the Financial Accounting Standards Board (FASB) require companies to mark their digital asset holdings to market value at the end of each quarter.

    Under this regime, Tesla previously recorded a $600 million unrealised gain in Q4 2024 due to Bitcoin’s rally.

    Tesla’s decision not to buy or sell any Bitcoin in Q1 2025 signals a “HODL” stance—mirroring the strategy of other corporate holders like Strategy and Metaplanet, which also treat Bitcoin as a hedge or strategic reserve.

    Musk shifts from DOGE to Tesla

    Elon Musk, whose support for Dogecoin (DOGE) has frequently made headlines, announced plans to scale back his involvement with the meme coin.

    He said his time allocation would shift in May 2025 as DOGE operations become more self-sufficient.

    This renewed focus on Tesla comes as analysts call for urgent strategic moves.

    Dan Ives of Wedbush labelled the company’s situation a “code red,” suggesting that Tesla may need to rethink parts of its financial strategy, including how it handles its Bitcoin holdings, if current challenges continue.

    Meanwhile, BeInCrypto forecasts that crypto markets will remain unstable until mid-May due to global economic uncertainty and trade pressures.

    However, the broader outlook for digital assets, especially Bitcoin, is more bullish for the second half of the year.

    Analysts expect a rebound driven by post-halving effects, institutional buying, and regulatory clarity in the US.

    As Tesla navigates financial turbulence, its firm stance on Bitcoin indicates that the cryptocurrency is now more than just a side bet—it’s part of a calculated strategy.

    Whether that strategy pays off in Q2 and beyond may depend as much on Musk’s leadership as on Bitcoin’s next move.

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  • Metaplanet wants to boost its Bitcoin holdings to 10,000 in 2025

    Metaplanet wants to boost its Bitcoin holdings to 10,000 in 2025

    Metaplanet loads more bitcoins with 42,466 BTC purchase
    • Metaplanet started buying Bitcoin in May 2024 as a strategic treasury reserve
    • The Tokyo-listed company currently holds 1,761.98 Bitcoin
    • It saw its Bitcoin yield reach 310% between October 1, 2024 to December 23, 2024 compared to 41% between July 1, 2024 to September 2024

    Metaplanet is on a mission to boost its Bitcoin holdings to 10,000 in 2025 while leveraging its partnerships to boost Bitcoin adoption worldwide.

    In a post on X, Simon Gerovich, CEO of Metaplanet, said that the Tokyo-listed company is aiming to “expand our Bitcoin holdings to 10,000 BTC by utilizing the most accretive capital market tools available to us.”

    Reflecting on its 2024 performance, Gerovich highlighted that the company “broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin treasury company.”

    Purchasing Bitcoin

    Since May 2024, Metaplanet has been acquiring Bitcoin at a steady rate as a strategic treasury reserve. In June, it purchased $6.2 million worth of Bitcoin. This was followed by a $2.5 million purchase in July, a $7 million Bitcoin purchase in October, and an additional $11.7 million in November.

    Its latest Bitcoin purchase was in late December totaling 620 Bitcoin for $60 million. To date, Metaplanet currently holds 1,761.98. In comparison, MicroStrategy holds 447,470 Bitcoin with its most recent purchase of $101 million taking place at the end of December 2024.

    According to a December 23 notice from Metaplanet, it saw its Bitcoin yield reach nearly 310% between October 1, 2024 to December 23, 2024. This is compared to a 41% Bitcoin yield reached between July 1, 2024 to September 30, 2024.

    On top of building its Bitcoin holdings, Gerovich added on X, among other things, that Metaplanet is focusing on building partnerships to “advance Bitcoin adoption in Japan and globally” while exploring “innovative opportunities to grow Metaplanet’s impact in Japan and the Bitcoin ecosystem.”

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  • MicroStrategy adds $101m Bitcoin to holdings, now at 447,470 BTC

    MicroStrategy adds $101m Bitcoin to holdings, now at 447,470 BTC

    • MicroStrategy buys another $101 million of Bitcoin.
    • Company’s holdings now stand at 447, 470 BTC.
    • KULR also announced it purchased $21 million worth of Bitcoin to add to its holdings.

    MicroStrategy has added to its Bitcoin (BTC) haul with another big purchase of 1,070 BTC valued at approximately $101 million.

    The company disclosed the latest Bitcoin purchase on Monday Jan. 6, noting the acquisition was at the average price of $94,004 per bitcoin. Buying happened between Dec. 30, 2024 and Jan. 5, 2025, the business intelligence firm said.

    MicroStrategy completed the sale after finalizing the sale of 319,586 shares. With this purchase, the company’s remains with $6.77 billion shares – part of the targeted $21 billion equity and $21 billion fixed income securities – to be used for more Bitcoin purchases.

    MicroStrategy’s Bitcoin strategy

    Bitcoin price has risen in the past week, rising amid bullish sentiment ahead of Donald Trump’s inauguration. So far, MicroStrategy has acquired a staggering 447,470 BTC hodled at the purchase value of about $27.97 billion. As per current prices,the company’s total BTC bag is worth over $44 billion. 

    The world’s largest corporate holder of Bitcoin has inspired several other publicly-traded companies to adopt BTC treasury strategies. It includes companies listed in the US, Hong Kong and Canada among others.

    Notably, MicroStrategy bought its bitcoin at the average price of $62,503 per BTC.

    One of these, KULR Technology Group, an energy management platform, has also announced on Jan.6 that it purchased another $21 million worth of BTC to bring its total to $42 million.

    KULR, which began its Bitcoin treasury strategy in early December, 2024, acquired the latest BTC haul at the average price of $98,393.58 per bitcoin.

    Bitcoin traded at around $99,194 at the time of writing, 1.5% up in the past 24 hours and nearly 6% up in the past week.

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  • Bitwise files new ETF targeting firms with large Bitcoin holdings

    Bitwise files new ETF targeting firms with large Bitcoin holdings

    • The Bitwise Bitcoin Standard Corporations ETF would invest in businesses that “hold at least 1,000 Bitcoin”
    • Companies need to have a market capitalization of at least $100 million to be included in Bitwise’s proposed ETF
    • KULR Technology Group started its Bitcoin Treasury strategy with the purchase of 217.18 Bitcoin for $21 million

    Bitwise has filed a proposal with US regulators to launch a new exchange-traded fund (ETF) to invest in publicly traded companies that hold substantial Bitcoin reserves.

    Under the Bitwise Bitcoin Standard Corporations ETF, the ETF issuer would invest in businesses that “hold at least 1,000 Bitcoin in its corporate treasury,” according to a December 26 filing with the US Securities and Exchange Commission (SEC).

    To further qualify to be included in the ETF, companies need to have a market capitalization of at least $100 million, an average daily liquidity of $1 million or more, and a public free float of less than 10%.

    The proposed ETF from Bitwise would assign stock weight based on the market value of a company’s Bitcoin holdings, ensuring this is capped at 25%.

    Reaching new heights

    The news comes as Bitcoin has experienced a rise in value following the US election win of President-elect Donald Trump. At its peak, Bitcoin reached a new all-time high above $107,000 earlier this month. In a client memo in November, Bitwise’s CIO Matt Hougan said the US election was either going to be a “speed bump” or a “wind gust” for the crypto market.

    Significantly, in recent weeks, more companies have been buying Bitcoin to push up stock prices. On December 23, MicroStrategy announced on X that it now holds 444,262 Bitcoin after acquiring a further 5,262 Bitcoin for $561 million.

    In other related news, KULR Technology Group announced on December 26 that it had started its Bitcoin Treasury strategy with the purchase of 217.18 Bitcoin for $21 million.

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