Topic
Public companies whose balance sheets are dominated by bitcoin or other digital assets, including Strategy, Metaplanet and SharpLink.
BitMine Immersion Technologies spent about $350 million retiring 21 million of its own shares between mid-July and August 17. A company built to accumulate ether put that cash into its own stock because management says the shares trade below its holdings.
Reality
Bitmine Immersion Technologies bought 15,112 ETH last week, lifting its treasury to 6,016,414 tokens, 4.9% of Ethereum's supply. With 84% of that staked at a 2.63% yield, the company's results now move with the ether price and the return on its validators.
Perspective Coverage
4 publishersReality
CEA Industries, holder of about $302 million in BNB, becomes BNB Standard Corporation on September 29 and keeps its BNC ticker. Its suit to void a 10X Capital management agreement, whose termination clause could have topped $100 million, stays open under the new name.
Reality
Bitmine added 17,362 ether last week to hold about 4.9% of supply, while Strategy bought 1,665 bitcoin to reach 847,666. Both kept buying as prices eased, with Bitmine now near a 5% target it set itself and Strategy adding about 0.2% to its holdings.
Reality
Bitmine holds 5,983,940 ETH, 4.9% of supply, and the 121,060 tokens still missing cost about $325m at its own reference price, a bill its cash balance covers twice over. Tom Lee expects institutions in the fourth quarter.
Perspective Coverage
3 publishersReality
Galaxy Digital moved $100 million, about 4% of its cash and stablecoins, into Sky's sUSDS and opened the token as loan collateral. Galaxy already borrows from Sky's lending agents, so the purchase deepens a funding tie with its own creditor.
Reality
The Toronto lender has 2,079 residential mortgage records on Injective, about $1.1 billion of loan files against a stated $10 billion portfolio, and it added roughly 91 records a month to get there.
Reality
A revived MSCI consultation names Strategy and Metaplanet as deletions if its "non-operating companies" screen passes. Comments close September 30, with a decision due around October 16.
Reality