Treasuries, Treasuries, Treasuries
Another week, another slew of crypto treasury companies launching or announcing new acquisitions.
Ethena Foundation creates SPAC named StablecoinX to buy $360 million of ENA. Will list under ticker USDE.
The Ether Machine (DYNX) to list on Nasdaq with $1.5 billion for Ethereum treasury. Ticker will change to ETHM.
Strategy (MSTR) buys 6,220 bitcoin for $739.8 million.
Sequans (SQNS) buys 1,264 bitcoin for ~$150 million.
Trump Media Announces BTC treasury reaches $2 Billion.
Do you like the treasury news?
Bullish Publishes Financials For IPO
After confidentially filing for IPO in early June, institutionally focused crypto exchange Bullish has officially released more details with the SEC. As a reminder, Bullish is a spinout of Block One and acquired CoinDesk in 2023. The S1 claims total trading volume since launch of $1.25 trillion and ownership of 24k BTC. Bullish plans to trade on the NYSE under the ticker symbol BLSH. Read more →
Rachel Reeves Eyes Bitcoin Sale
According to the Telegraph, the United Kingdom's Home Office, the country's interior ministry, is working with police on potentially selling a stockpile of seized crypto valued at ~$7 billion (which includes at least 61,000 BTC confiscated from a Chinese Ponzi scheme in 2018). This development follows Chancellor of the Exchequer Rachel Reeves grappling with a substantial budget shortfall, sparking fears of another short-sighted cash grab, such as the infamous 1999 gold sale by then-Finance Minister Gordon Brown, or Germany’s 2024 blunder after offloading ~50K BTC. Read more →
Solana Staking, Now on Wall Street
Introducing SSK—the first U.S.-listed ETF that offers both exposure to Solana (SOL) and blockchain-native staking rewards. With SSK, you get Solana staking rewards paid monthly, cold storage custody, and ETF-level transparency.
Solana Staking, now on Wall Street. Learn more here →
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