Latest news with #Crypto


Forbes
4 hours ago
- Business
- Forbes
From Bitcoin To Ethereum: The Rise Of Crypto Treasury Strategies
A New Era for Crypto Treasury Strategies More and more companies are now raising cash specifically to implement crypto treasury strategies—allocating funds to buy bitcoin and other cryptocurrencies. MicroStrategy pioneered this approach at scale, and its success has inspired a wave of corporate imitators worldwide. MicroStrategy's Bold Bet on Bitcoin MicroStrategy began buying bitcoin in August 2020. As of July 18, 2025, it holds about 601,550 bitcoins, valued at over $70 billion at current prices. The company paid an average of $71,268 per coin, totaling $42.87 billion in investment. With bitcoin trading near $120,000, MicroStrategy's bitcoin position has gained approximately 68%. Its stock has done even better. Since January 2025, shares are up 46%, beating bitcoin's 26% gain over the same period. Since launching its bitcoin strategy in 2020, MicroStrategy stock has surged over 3,000%. The Copycat Effect in Crypto Treasury Strategies MicroStrategy's performance has turned heads. Japan's Metaplanet is one standout follower. The company says holding bitcoin through its stock offers tax advantages under Japanese law. Since April 2024, Metaplanet has accumulated over 16,000 bitcoin, and its stock price has jumped over 4,000%. 'One of the strategic advantages... is the more favorable tax treatment of shareholders who seek exposure to bitcoin through its stock versus the punitive tax treatment of those who own bitcoin directly.' – Benchmark Equity Research, 11 July 2025 Not all imitators have fared as well. GameStop entered the market in May 2025 following board approval in March. After raising $2.25 billion, likely for bitcoin purchases, its stock has remained volatile. So far, companies that moved early and stayed focused have delivered the strongest returns. Ethereum Enters the Crypto Treasury Spotlight While bitcoin led the way, Ethereum is now gaining ground in corporate treasuries. In June 2025, SharpLink Gaming (SBET) raised $425 million in a deal led by Consensys and named Ethereum co-founder Joseph Lubin as chairman. The company said it would use nearly all the cash to buy ether, Ethereum's native token. SBET shares jumped from $3 to nearly $79, and by July 18, traded at $29—still nearly 900% higher than before the announcement. Another example is BitMine Immersion Technologies. In May, crypto bull Tom Lee joined the board, and Peter Thiel acquired a 9.1% stake. BitMine revealed that about 40–50% of its treasury is now in ether. The stock soared from $3 to $135, and by July 18, closed at $42.35—a 1,300% gain from pre-announcement levels. A list of Ethereum treasury companies: A list of Ethereum treasury companies Beyond Bitcoin: Expanding Crypto Treasury Strategies The trend is expanding beyond BTC and ETH. SRM Entertainment, now Tron Inc., has gone all-in on TRX. Others have adopted BNB, Hyperliquid, and even Litecoin as reserve assets. In one dramatic case, YHC Corporation became a media sensation after Robert Leshner (founder of Compound) announced plans to acquire it and turn it into a crypto treasury company—then backed out due to lawsuits over the control issues. The stock whiplashed, highlighting how speculative this sector has become. With so many companies jumping into crypto, skepticism is growing. 'We're seeing companies with no real crypto ties suddenly pivot to these strategies just to pump their stock. It feels like a bubble.' – Anonymous fund manager, Bloomberg Markets, July 2025 Risks Facing Crypto Treasury Strategies Despite big returns, the risks are real. Critics argue that many crypto treasury strategies depend on a fragile loop: raise money, buy crypto, drive up share price, then raise more. Prominent short-seller Jim Chanos has been one of the harshest voices. He warns that MicroStrategy trades well above the value of its bitcoin holdings—and that its complex financing structure adds risk. 'MicroStrategy's model is simple: borrow cheap, buy bitcoin, watch it rise, sell more stock at a premium, and repeat,' he said. 'But if bitcoin falls or debt costs rise, the whole cycle could break.' He compares the current trend to the SPAC bubble of 2021—where hype fueled overvalued companies that eventually collapsed. Peter Schiff, Chief Economist & Global Strategist at Europac. Conclusion: The Future of Crypto Treasury Strategies Crypto treasury strategies are changing how companies manage their cash. Early adopters have seen massive gains, but risks around volatility, debt, and euphoria are growing. Whether this marks a true financial revolution or just another speculative bubble remains to be seen—but for now, crypto treasury strategies are clearly rewriting the corporate playbook.
Yahoo
a day ago
- Business
- Yahoo
Crypto Exchange Bullish Files for U.S. IPO
Crypto exchange Bullish has filed for a public listing in the United States, according to a new F-1 registration filing. The company, which is owned by Bullish Global (the parent company of CoinDesk), plans to trade on the New York Stock Exchange under the ticker 'BLSH.' Bullish, headquartered in the Cayman Islands, operates an institutional trading platform offering spot and derivatives trading and liquidity services, according to the filing. The exchange reported $80 million in net income in 2024 and claims over $1.9 billion in liquid assets, including cash, bitcoin, stablecoins and other digital assets, the filing said. It reported a net loss of $349 million for the three months ended on March 31, 2025, a contrast to the $104.8 million net profit it reported for the three-month period ending on March 31, 2024.

Finextra
a day ago
- Business
- Finextra
Coinbase makes superapp play
Crypto platform Coinbase has rebranded its Wallet app as Base, consolidating payments, trading, chat and social features into a single, blockchain-based 'superapp'. 0 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Running on Coinbase's Base public blockchain network, the app is designed to help the cryptocurrency giant expand its userbase and mimic the success of Chinese superapps such as WeChat. Base includes a one-click checkout feature that lets users make payments with the USDC stablecoin. Coinbase unveiled the stablecoin payments stack, which is already live with Shopify, in June. The app also includes crypto trading functionality, chat, a social feed, support for mini apps ranging from games to prediction markets, and its own identity verification system called Base Account that lets users use their credentials to log into other apps.


Bloomberg
a day ago
- Business
- Bloomberg
Major Win for the Crypto Market
Crypto-linked stocks get a boost after Congress passes the Stablecoin Bill. Bo Hines, the President's Council of Advisers for Digital Assets Executive Director joined Bloomberg Open Interest. He says this regulatory win will pave the way for the US to become the crypto capital of the world. (Source: Bloomberg)
Yahoo
a day ago
- Business
- Yahoo
Crypto for Advisors: Crypto Week: What Does it Mean for Advisors?
Happy Crypto Week! In today's Crypto for Advisors newsletter, Beth Haddock of Warburton Advisers provides a mid-year check-in on the advancements in the crypto industry and what this means for advisors. Then, Chris Jenkins of Pocket Networks Foundation answers questions about regulatory changes for investors in Ask an Expert. – Unknown block type "divider", specify a component for it in the ` option Crypto Week: What Does it Mean for Advisors? Now well into the second half of 2025, crypto's trajectory is clear: it's evolving from excitement into core financial infrastructure. Stablecoins are gaining legitimacy, regulators are actively engaging with the industry, and persistent cybersecurity threats persist. These shifts require advisors to reassess strategies, educate clients, and prepare for a more structured and scrutinized market. Crypto Week captured the momentum and underscored a key message: financial professionals must understand the role of crypto in the broader system and decide how to engage responsibly. Three developments stand out. 1. Stablecoins: From Fringe to Financial Infrastructure Stablecoins are moving firmly into the financial mainstream. This week's anticipated vote on the proposed GENIUS Act, coupled with prior statements from the SEC, Federal Reserve, and FDIC, signals a turning point. The Act outlines a regulatory regime governing reserves, redemption rights, and public disclosures, bringing long-awaited clarity to compliant issuance. Institutional adoption is accelerating. Major banks are developing stablecoin or tokenized alternatives. Corporate treasurers are piloting stablecoins for payments and working capital management. Cross-border payments — historically a pain point — with stablecoins can be faster, cheaper, and more transparent. For advisors, this represents a fundamental shift in financial infrastructure. Exposure to regulated stablecoins could soon be as routine as managing money market allocations. As infrastructure shifts, liquidity strategies and treasury operations will evolve. Stablecoins are no longer fringe — they're becoming foundational. 2. A New Era of SEC Engagement & Institutional Scaling After years of friction, the SEC has taken a more proactive — but still cautious — approach. Through public roundtables, the agency is engaging stakeholders to better understand digital assets, staking, custody, and DeFi. These are not enforcement forums; they are opportunities to shape policy. Commissioners Peirce and Uyeda have emphasized the importance of collaboration and regulatory clarity. Under its Crypto 2.0 initiative, the SEC's Crypto Taskforce has published guidance on decentralized protocols, exchange-traded products, and custody standards. However, this shift doesn't mean due diligence is easier — it means it matters more. The SEC continues to examine how registrants are managing risk, controls, and disclosures. Growth from players like Robinhood and JPMorgan signals institutional scale, but not necessarily fiduciary alignment. Advisors must anchor diligence in the core duties of loyalty and care. This includes verifying the distinction between tokenized wrappers and underlying assets, understanding conflicts of interest, and assessing whether operations align with regulatory expectations. What appears compliant today could be scrutinized under future SEC leadership or litigation. 3. Security and Responsible Innovation As regulatory frameworks mature with efforts like the GENIUS Act and anticipated market structure reforms, misconduct persists. From AI-generated scams to pump-and-dump schemes, familiar fraud risks have evolved, often targeting less sophisticated investors or exploiting cybersecurity gaps. The SEC and CFTC continue to issue investor alerts, focusing not only on product design but also on marketing practices, cybersecurity, and fraud controls. The bar is rising—and firms that fail to meet it risk reputational damage and enforcement action. This creates a leadership opportunity. Advisors can protect clients by minimizing conflicts, applying rigorous due diligence, and steering capital toward products with real utility, transparent governance, and robust security protocols. This includes evaluating how incentives are structured and whether operational resilience is built into platforms. In today's environment, overlooking cybersecurity, governance, or fraud red flags isn't just careless — it may be seen as enabling misconduct. From Innovation to Trust The second half of 2025 marks a shift from momentum to maturity for the crypto industry. With regulatory clarity improving and institutional adoption rising, the groundwork is being laid for a more resilient and trustworthy financial system. Advisors who stay informed, ask hard questions, and embed client-first principles into their digital asset strategies will lead the transition toward responsible innovation. This isn't just about early adoption — it's about building lasting trust in the next generation of finance. - Unknown block type "divider", specify a component for it in the ` option Ask an Expert Q. Beyond the disbanding of the National Cryptocurrency Enforcement Unit, what changes in enforcement priorities are affecting investors? A. The stablecoin reserve requirements make sure that issuers actually have the assets needed to back the stablecoins being held, and giving stablecoin holders priority recovery in the case of insolvency adds a significant layer of confidence. Q. How should advisors around the world look at US regulatory changes and the effect on their businesses and clients' money? A. There is finally some much-needed clarity emerging around how to approach digital assets for investment. No one wants to operate in a high-risk environment where there is the chance of sudden, unexplained losses. Degens may accept the risk of rug pulling, but institutional investors will not. This opens up digital asset investing to the mainstream. Q. Are there any categories of tokens that benefit more than others with the current administration A. Tokens which fit easily into institutional financial frameworks, and their underlying utility tokens, will benefit strongly from the continuing emergence of institutional adoption. Q. Are the regulatory changes around digital assets helping to guarantee investor safety? A. Frameworks are being established that are similar in nature to the protections offered to consumers in traditional banking, thereby helping to increase investor safety across the board. Privacy tokens may continue to face regulatory headwinds as enforcement agencies seek transparent reporting and accounting features to ensure compliance. - Unknown block type "divider", specify a component for it in the ` option Keep Reading Bitcoin reached a new all-time high of just over $123,000 this week. Ripple applies for Charter Bank License in U.S. U.S. federal agencies provided further clarifications for banks to offer crypto services and custody. 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