Bitcoin is the S&P 500 of the future, and will top $200K this year: Expert
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CNBC
15 minutes ago
- CNBC
Ether treasury companies are just getting started, could own 10% of coin one day, says Standard Chartered
The last three months in crypto have brought a new wave of public companies pursuing crypto treasury strategies with ether – and they're not likely to slow down anytime soon, according to Standard Chartered. The trend has emerged as positive regulatory momentum has boosted interest by institutions and brands alike in stablecoins and tokenization of traditional assets – activity largely powered by the Ethereum network – which has been driven by positive regulatory momentum for the crypto industry. Since the start of June, ether accumulators have purchased 1% of the coin in circulation. In a note Tuesday, Standard Chartered's Geoff Kendrick pointed out that that's double the pace of bitcoin buying by corporate treasuries – and that the trend is just getting started. "ETH corporate treasuries can capture both staking rewards and decentralized finance (DeFi) leverage opportunities, which U.S. Ethereum ETFs currently cannot," he said. "As such, we think ETH treasury companies have even more growth potential than BTC ones from a regulatory arbitrage perspective. We think they may eventually end up owning 10% of all ETH, a 10x increase from current holdings." If the flows into treasury companies continue, he added, ether could break $4,000 – historically a challenging level for investors psychologically and technically – by the end of the year. The largest of these companies, Bitmine Immersion Technologies , holds 0.5% of the ether in circulation and has a goal of increasing its holdings to 5%, Kendrick noted, and it's likely other entrants will also join this cohort. "In the Bitcoin treasury space, it took several years for MSTR to spawn significant buying by imitators. For ETH this is likely to happen more quickly, as the broader concept of corporate holdings of digital assets is already accepted," he said. "If BMNR can achieve its goal of increasing its ETH holdings to 5% of the total in circulation, then it is fair to assume that ETH treasury companies as a whole will end up holding more than 10% of all ETH in circulation," he added. "This would be a 10x increase from today's corporate treasury holdings." SharpLink Gaming , whose board is chaired by Ethereum co-founder Joe Lubin, was one of the first to make the move. Bit Digital in June exited bitcoin mining to focus on its ETH treasury and staking plans. Most recently, The Ether Machine revealed plans to go public later this year through a SPAC with Dynamix . —CNBC's Michael Bloom contributed reporting.
Yahoo
43 minutes ago
- Yahoo
Chinese Crypto Giant Bitmain Plans US Factory in Trump-Era Push
(Bloomberg) -- Bitmain Technologies Ltd., the world's largest manufacturer of crypto mining hardware, plans to open its first US facility in the coming months, a strategic pivot riding the 'Made in America' boom in digital assets. Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy An Abandoned Art-Deco Landmark in Buffalo Awaits Revival The company intends to officially open a new headquarters and assembly line in either Texas or Florida by the end of the third quarter. Initial output is expected in early 2026, with full-scale production ramping up later in the year, according to Irene Gao, Bitmain's global business chief. The move reflects the renewed wave of American industrial policy favoring domestic production, and operational necessity. As Washington reshapes supply chains around national industrial policies, crypto mining — once a fringe pursuit — is joining the ranks of strategic industries, like semiconductors and energy. Bitmain expects local production to speed up deliveries and repairs for US customers, Gao said. Labor costs are higher, she added, but the move still makes commercial sense — especially in light of uncertainty around tariffs. The US push for Bitcoin supremacy represents 'a unique opportunity,' said Gao, Bitmain's president of mining and chief global business officer, in an interview. Bitmain holds a commanding share of the market for computers used to mine crypto, but US President Donald Trump's trade war has disrupted its American business. Shipments from the Beijing-based company have been held up amid heightened Customs and Border Protection scrutiny, while in January the US Commerce Department blacklisted its artificial-intelligence affiliate, accusing it of 'acting at the behest of Beijing to further the PRC's goals of indigenous advanced chip production.' Further complicating matters is Trump's campaign-trail pledge to concentrate Bitcoin mining activity in the US. Bitmain announced the launch of a US facility about a month after his November 2024 election victory, without divulging its location. Gao said Bitmain intends to hire 250 local employees in the first phase, trained for both manufacturing and site-level maintenance. Bitcoin miners use specialized computers to solve mathematical problems in order to verify blockchain transactions and earn rewards. It's a market Bitmain has dominated since 2013 despite significant changes in the makeup of the energy-intensive industry. Now though with Chinese supply chains under fire and US crypto firms gaining political clout, Bitmain is pushing to secure access to US markets. The US is considered the mining sector's global fulcrum, rising to the fore after a ban in China. Publicly listed American miners — such as Mara Holdings Inc., Riot Platforms Inc. and CleanSpark Inc. — are collectively worth tens of billions of dollars. Trump's sons Eric Trump and Donald Trump Jr. have helped to set up a crypto mining venture named American Bitcoin Corp., in partnership with Hut 8 Corp. and a group of investors. Hut 8 in November 2024 announced the purchase of 31,145 Bitmain machines to upgrade its mining fleet, with delivery expected early 2025. Bitmain's current production capacity includes facilities spread across Southeast Asia — a region vulnerable to stiff trade-protection measures from the Trump administration. What obstacles Bitmain may encounter as it seeks a foothold in the US remain to be seen. Chinese Bitcoin miners operating on US soil drew scrutiny over security concerns during former President Joe Biden's administration. US regulators have not clarified whether crypto hardware will be subject to the same export checks as artificial-intelligence chips. Bitmain has maintained its lead through proprietary technology that enables mass production of powerful mining chips at low cost. While a flurry of US-based companies, including Jack Dorsey's Block Inc. and MARA Holdings-backed Auradine, have entered the mining hardware business, they are yet to match the global scale of China's top manufacturers. --With assistance from David Pan. (Expands tout) Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts Elon Musk's Empire Is Creaking Under the Strain of Elon Musk ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
an hour ago
- Forbes
Up 6x, Is VAPE Stock The Next Big Crypto Treasury Play?
CEA Industries (NASDAQ:VAPE) stock soared more than 6x on Monday after the Canadian vape-maker announced a dramatic pivot into the cryptocurrency space. The company revealed a $500 million private investment in public equity (PIPE) deal with fintech firms 10X Capital and YZi Labs, including $400 million in cash and $100 million worth of Binance's cryptocurrency (BNB). The aim is to transform CEA into the world's largest publicly listed holder of BNB, the fourth-largest cryptocurrency by market value. Over the next 12 to 24 months, CEA plans to scale its BNB holdings and generate income via staking, lending, and other revenue streams tied to the Binance ecosystem, which presently reaches over 280 million users. The move reflects a broader trend of corporate crypto adoption. In recent months, multiple companies have begun adding digital assets like Bitcoin and Ethereum to their treasuries, inspired by the high-profile strategy of players like MicroStrategy. CEA's decision to anchor its treasury in BNB marks a new development in this shift as BNB Chain is one of the most widely used blockchain ecosystems globally, but institutional access has remained limited. By creating a U.S.-listed BNB treasury vehicle, CEA and its partners are offering traditional investors a new way to tap into Binance's growing crypto infrastructure. Separately, Will Battery Tech Startup QuantumScape falter? QS Stock To $0?PARIS, FRANCE - FEBRUARY 16: In this photo illustration, a visual representation of digital ... More cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin is displayed on February 16, 2018 in Paris, France. Digital cryptocurrencies have seen unprecedented growth in 2017, despite remaining extremely volatile. (Photo Illustration) Is VAPE Stock Attractive? So, do recent developments make VAPE stock attractive? Investors should remain cautious. Despite the excitement, VAPE's market cap stands at a mere $50 million, making it a micro-cap stock prone to higher volatility. It is also notable that retail investor enthusiasm played a key role in Monday's rally, with online forums and social media buzzing and traders piling in following the news. This might increase the probability that the stock could decline just as quickly as it went up. More generally, the crypto treasury strategy - where a significant portion of corporate reserves is held in cryptocurrencies - carries higher risk, and these stocks are more speculative compared to traditional companies. A decline in the core cryptocurrency's price or prolonged downturn can materially reduce the value of the company's crypto assets, posing financial risks. There are also regulatory and operational risks, including potential fraud, theft, or cyberattacks on wallets or custodial services. While you might do well to exercise caution with VAPE stock for now, the Trefis Reinforced Value (RV) Portfolio has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to produce strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid- and small-cap RV Portfolio stocks provided a responsive way to make the most of upbeat market conditions while limiting losses when markets head south, as detailed in RV Portfolio performance metrics.
