BITPRISMIA
Nasdaq-listed Mill City Ventures III plans to raise $500 million to expand its Sui token treasury, despite a recent stock drop following the announcement.
Phoenix Group, a publicly listed Bitcoin mining company in Abu Dhabi, has launched a $150 million cryptocurrency reserve, becoming the first ADX-listed firm to hold digital assets, reflecting its long-term commitment to the crypto industry.
Canaan, a Nasdaq-listed company, has adopted Bitcoin as a primary reserve asset, holding 1,484 BTC valued at approximately $74 million, signaling a strategic shift towards digital assets and aligning with broader corporate trends.
Public companies are increasingly diversifying their crypto holdings beyond Bitcoin to include altcoins like Ethereum (ETH), Solana (SOL), and XRP, following a trend set by high-profile Bitcoin investors.
Ethereum's strategic reserves have surged to $6 billion as institutions shift capital from Bitcoin to Ethereum, driven by ETH's real-world utility and increased institutional confidence.
The Blockchain Group (ALTBG) plans to raise €6 million ($6.54 million) to increase its Bitcoin reserves, reinforcing its commitment to digital assets and aligning with industry trends.
Nasdaq-listed Bit Digital plans to raise $67.3 million through a direct share offering to expand its Ethereum treasury, reflecting a strategic pivot toward Ethereum.
BIT Mining plans to raise $200–$300 million to build a Solana (SOL) treasury, shifting its focus away from Bitcoin and Ethereum Classic mining as part of a strategic pivot.
GameSquare has announced an $8 million public offering to fund its $100 million Ethereum-based treasury strategy, aiming for higher yields through diversified crypto investments.
DeFi Development Corp.'s stock surged 17% after announcing a $2.7 million Solana purchase, increasing its total Solana holdings to 640,585 SOL, valued at around $98 million, and plans to raise $112.5 million to support its Solana-focused strategy.