Monday started with a flurry of treasury announcements when major digital asset companies expanded their cryptor reserves, emphasizing the growing institutional embrace of blockchain-native assets.
Bitmine Immersion Technologies (BMNR) now has the world’s largest ether {Eth} Treasury of 833,137 ETH worth over $ 2.9 billion. Bitmin’s aggressive ETH acquisition strategy only 35 days ago, placed it as the third largest total crypto-state box behind Strategy (MSTR) and Mara Holdings (Mara), according to the press release.
Investor Bill Miller III has taken a significant share and participated in a deep bench of institutional backers, including ARK’s Cathie Wood, Kraken, Galaxy and Pantera.
With the daily trading volume on average $ 1.6 billion, BMNR ranks 42. Among US shares by liquidity. Bitmine aims to acquire 5% of ETH’s total supply, with future stake plans expected to lock dividend -based profitability. BMNR shares have increased by 6% a day.
Verb Technology (Verb) announced a private ranking of $ 558 million to establish the first publicly listed Toncoin Treasury, working with Kingsway Capital. The deal is rooted in more than 110 institutional and crypto-native investors, including Vy Capital, Blockchain.com and Ribbit Capital.
Verbs will redirect as tons strategy co. (TSC) and acquire toncoin (ton) as its core taxi asset. With Telegram’s full integration of tonnes across its ecosystem, TSC is positioned to utilize crypto recording in social platforms, according to the press release.
Incoming leaders include the TON Foundation President Manuel Stotz and Blockchain.com CEO Peter Smith. Verb shares rose 65% today while tons dropped 8%. The transaction is expected to close by August 7th.
France-based Sequans Communications (SQNS), a FABLESS 5G/IoT chipmaker, announced the purchase of 85 additional BTC for $ 10 million, bringing its total Bitcoin Holdings to 3,157 BTC. Sequans sees Bitcoin as its long -term treasury reserve and continues to accumulate strategically. SQNS shares increase 1% after the message.
