Tag: Firm

Dutch crypto firm Amdax raises $35m to buy Bitcoin

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Dutch cryptocurrency firm Amdax raised 30 million euros to start its Bitcoin treasury initiative AMBTS. The firm aims to covet 1% of the total BTC supply. Summary Dutch crypto firm Amdax has completed its €30 million ($35 million) funding round to launch Amsterdam Bitcoin Treasury Strategy. The firm aims to accumulate up to 210,000 BTC, potentially becoming the second-largest corporate Bitcoin holder after MicroStrategy On Oct. 7, Reuters reported that the Dutch crypto firm has recently finished its funding round for its Bitcoin treasury initiative, having reached its initial target…

Pro Bitcoin Traders Hold Firm As BTC Bounces Off $112K

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Key takeaways: Heightened Bitcoin put option premiums signal cautious trader sentiment. US job openings near five-year lows, increasing recession fears and potential economic slowdown risks. $518 million flowed into Bitcoin ETFs on Monday, while public companies keep accumulating, tightening available supply. Bitcoin (BTC) pro traders remain uneasy about holding downside risks despite recent gains to $114,000, as derivatives markets show heightened fear. Traders are likely considering whether these metrics reflect broad concerns about global economic growth or fears specific to the cryptocurrency market. Bitcoin options 30-day skew (put-call). Source: Laevitas.ch…

SEC Pauses Trading on Crypto Treasury Firm QMMM

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The US Securities and Exchange Commission has temporarily halted trading of crypto treasury company QMMM Holdings due to potential stock manipulation, coming just a week after reports surfaced of a regulatory probe into certain crypto treasury firms.  “The Commission temporarily suspended trading in the securities of QMMM because of potential manipulation,” the agency said in a notice on Monday, halting trading of QMMM stock for 10 trading days. It said the alleged manipulation was “effectuated through recommendations, made to investors by unknown persons via social media to purchase” QMMM shares,…

U.S. Capital Group takes largest stake in Bitcoin treasury firm Metaplanet

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Institutional capital is making a bold entry into Bitcoin treasuries with one of America’s investment giants, Capital Group, taking center stage in Metaplanet. Summary Capital Group acquires an 11.45% stake in Bitcoin-focused Metaplanet, valued near $500 million. Metaplanet has continued to boost its Bitcoin, now holding about 26,000 BTC after buying 5,419 BTC recently. Capital Group has been expanding its crypto exposure via equity stakes while avoiding direct Bitcoin holdings. Capital Group has taken an 11.45% stake in Japanese Bitcoin treasury firm Metaplanet, becoming its largest shareholder. The Tokyo-based company…

Ethereum Thesis From Tom Lee Is ‘Retarded’: VC Firm Boss

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Mechanism Capital co-founder Andrew Kang escalated his critique of Tom Lee’s latest Ethereum investment case with an unusually blunt tirade on X, interlacing his rebuttal with a series of sharply worded assertions and data-driven claims. “Tom Lee’s ETH thesis is one of the most retarded combinations of financially illiterate arguments I’ve seen from a well known analyst in a while,” Kang wrote, before listing five pillars he says underpin Lee’s view: “(1) Stablecoin & RWA adoption; (2) Digital oil comparison; (3) Institutions will buy and stake ETH; (4) ETH will…

Fitell Becomes Australia’s First Solana Treasury Firm With $10M Buy

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Australian fitness equipment maker Fitell fell 21% on Wednesday after announcing it bought more than 46,000 Solana (SOL) for around $10 million. The Nasdaq-listed company closed Wednesday’s trading session at $6.65, only making a mere increase of 0.15% and closed the after-hours session at $6.66, according to Google Finance. Shares of Fitell dropped to $6.65 at the end of Wednesday’s trading session. Source: Google Finance. Fitell is now at least the fifth company this week that has seemingly disappointed its shareholders with crypto buying.  Earlier this week, shares of Medical…

Nasdaq Firm Targets $500M SOL Reserve As Corporate Crypto Treasuries Boom

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Corporate cryptocurrency treasuries continued their growth trajectory this week, as publicly listed US companies continued announcing plans to raise hundreds of millions for altcoin treasury reserves. On Monday, Nasdaq-listed Helius Medical Technologies announced the launch of a $500 million corporate treasury initiative built around the Solana token (SOL), signaling more corporate crypto adoption. A day later, Standard Chartered’s venture arm, SC Ventures, announced plans to raise $250 million in capital for a digital asset investment fund, set to launch in 2026 and backed by Middle East investors with a focus…

Chinese Bitcoin Firm Targets $500 Million Stock Sale For BTC

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China’s largest corporate Bitcoin treasury firm, Next Technology Holding, says it is looking to sell up to $500 million of its common stock to buy more Bitcoin and for other purposes. “We intend to use the net proceeds from the sale of any securities offered under this prospectus for general corporate purposes, including, but not limited to, the acquisition of Bitcoin,” the software company said in a filing to the US securities regulator on Monday.  Next Technology currently holds 5,833 Bitcoin worth $671.8 million — making it the 15th largest…

Top Firm Predicts No Surge For XRP Despite Anticipated October Spot ETF Approval

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As the altcoin market experiences a resurgence, XRP has struggled to gain momentum, consolidating between $2.70 and $3 for the past two weeks.  Despite the excitement surrounding potential exchange-traded funds (ETFs) that could invest in the altcoin if approved, The Motley Fool has cautioned that the current market correction may persist longer than many anticipate. Warns Of Prolonged Downtrend In a recent analysis, the firm attributed some of XRP’s lackluster performance to a general malaise in the cryptocurrency market, where traders are waiting for Bitcoin (BTC), the market’s leading cryptocurrency,…

Bitcoin Was a Firm ‘Buy’ For Sharks Last Week, New Data Shows

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Key points: Bitcoin “shark” wallets have started buying the dip, adding 65,000 BTC to their holdings in just seven days. Short-term holders also cross a milestone, with the profit ratio of coins moving onchain flipping positive. Long-term holders have yet to return to net accumulation. Bitcoin (BTC) “conviction-driven” holders have bought 65,000 BTC in just seven days as price bounces from two-month lows. New research from onchain analytics platform CryptoQuant released Thursday shows Bitcoin “sharks” buying the dip. Bitcoin’s big players rethink distribution Bitcoin wallets with a balance between 100…