Strategy’s Bitcoin Holdings Hit $42.4bn After $531mn Purchase.

Strategy’s Bitcoin Holdings Hit $42.4bn After $531mn Purchase

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued beefing up its BTC holdings last week amid rebounding investor sentiment and rising prices.

Strategy acquired 4,980 Bitcoin for $531.1 million during the week ending Sunday, the company announced in a US Securities and Exchange Commission filing on Monday.

Strategy’s latest Bitcoin purchases averaged $106,801 per coin, with Bitcoin surging from around $101,000 on June 23 to above $108,000 by the end of the week, according to CoinGecko data.

The new acquisition has increased Strategy’s Bitcoin holdings to 597,325 BTC, purchased for about $42.4 billion at an average price of $70,982 per coin.

First US Staking ETF Being Launched To Give Investors Exposure To Solana.

The first US-staked cryptocurrency exchange-traded fund (ETF) will launch on Wednesday, allowing investors to hold Solana and earn yield through staking.

Two days after we reported that the REX-Osprey Solana and Staking ETF could launch imminently, issuer REX Shares confirmed on Monday that the fund is set to debut.

As the name suggests, the REX-Osprey fund will give investors direct exposure to spot SOL along with staking income, potentially paving the way for broader institutional adoption of crypto.

Some analysts have speculated that the approval of Solana ETFs could spark an “altcoin summer” fueled by new altcoin-focused funds.

Trump-linked American Bitcoin Raises $220mn For Mining & Treasury.

American Bitcoin, a majority-owned subsidiary of crypto mining firm Hut 8, has raised $220 million to buy Bitcoin mining equipment and to bolster the company’s Bitcoin treasury.

According to a regulatory filing, 11 million shares were issued in a private placement on Friday, with gross proceeds amounting to $220 million.

However, $10 million worth of shares were sold for Bitcoin instead of cash, with the average cost of acquisition standing at $104,000 per coin.

On June 10, it was reported that American Bitcoin’s Bitcoin treasury stood at 215 Bitcoin.

Notably, the firm has ties to the Trump family, as President Donald Trump’s sons, Donald Trump Jr. and Eric Trump, were among the founders of American Bitcoin. Hut 8 acquired a majority stake in the firm on March 31.

BitMine Raises $250mn To Launch Ethereum Corporate Treasury.

Bitcoin miner BitMine Immersion Technologies has secured a $250 million private placement to jumpstart its Ether treasury.

BitMine signed a private placement for the purchase and sale of 55,555,556 shares of common stock for $4.50 per share, yielding gross proceeds of approximately $250 million before expenses, the company said in a Monday announcement.

MOZAYYX led the raise, with participation from Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management and Thomas Lee. The transaction is expected to close on Thursday, provided that conditions, including the authorization of the Supplemental Listing Application by the NYSE American, are met.

SharpLink Gaming Increases Ethereum Holdings Amid Losses.

SharpLink Gaming has acquired an additional 4,951 Ethereum, valued at approximately $12.4 million. This brings the company’s total holdings to 202,800 ETH, with an average purchase price of $2,606 per ETH. Currently, SharpLink Gaming is experiencing an unrealized loss of about $22.92 million. This move indicates a strategic move that may enhance future profitability.

SEC Delays Bitwise Ethereum ETF Staking Decision.

The U.S. Securities and Exchange Commission (SEC) has postponed its determination on whether to let the Bitwise Ethereum ETF engage in staking. According to the filing, the SEC has now opted to initiate proceedings, an official step that provides additional time and lengthy consideration before coming to a conclusion. This doesn’t indicate the proposal is turned down.

The filing merely indicates the SEC requires additional time to determine if the shift complies with investor protections and fair market practices. NYSE Arca, the exchange that lists the ETF, had filed a proposal in March 2025 to amend its rules so the trust could stake its held Ethereum (ETH) and earn staking rewards.

Robinhood Launches Layer-2 Blockchain For Stock Trading In Europe.

Robinhood’s push into real-world assets (RWAs) is gaining momentum, with the digital brokerage launching a tokenization-focused layer-2 blockchain and introducing stock token trading for users in the European Union.

Built on Arbitrum, the new layer-2 network will enable the issuance of over 200 US stock and exchange-traded fund (ETF) tokens, giving European investors access to US assets, Robinhood announced on Monday.

The company also announced the launch of perpetual futures in the EU, giving eligible traders access to derivatives with up to three times leverage. These trades will be routed through Bitstamp, the crypto exchange Robinhood recently acquired for $200 million.

SEC Acknowledges Grayscale Spot BTC, ETH, XRP, SOL, ADA ETF.

The US Securities and Exchange Commission (SEC) has formally acknowledged Grayscale’s amended application to convert its Digital Large Cap Fund into a spot ETF. This fund holds several of the most popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Solana (SOL), and Cardano (ADA).

Right now, the fund is only available in private markets, but if approved as an ETF, it would be available on major stock exchanges, making it easier for regular investors to buy and trade a mix of top cryptocurrencies in one place.

The SEC previously approved Grayscale’s Bitcoin futures ETF. The SEC also allowed the conversion of Grayscale’s Bitcoin Trust (GBTC) into a spot Bitcoin ETF in January 2024 after a legal win by Grayscale against the SEC.

Spot Dogecoin ETF Of 21Shares Delayed By US SEC.

The U.S. Securities and Exchange Commission has delayed its decision on the spot Dogecoin ETF application by 21Shares. The government agency needs another 45 days to approve or deny the spot Dogecoin ETF prospectus.

21Shares Dogecoin ETF was delayed as the SEC seeks more time to further evaluate whether the proposed ETF meets listing and trading requirements under Nasdaq Rule 5711(d), according to a US SEC filing. It has sparked both curiosity and unease in the Dogecoin community. ETF approval is critical for DOGE’s broader acceptance and value growth.

Grayscale and Bitwise are other issuers seeking approval from the US SEC. Meanwhile, Bloomberg ETF analysts have raised the odds for Dogecoin ETF approval to 90%.

Major German Bank To Offer Crypto Trading By 2026 Amid Bank ‘FOMO’.

German banking giant Sparkassen-Finanzgruppe reportedly has plans to adopt crypto trading services, giving its more than 50 million customers access to crypto trading by the summer of 2026 in a major shift for the institution.

Dekabank, a bank already involved in crypto, has been tapped to manage the new crypto service through the Sparkasse app, Bloomberg reported on Monday. Dekabank is owned by Sparkassen, also known as the Savings Banks Financial Group.

“This Group will provide reliable access to a regulated crypto offering,” the German Savings Banks Association said.

Notably, the crypto service is responding to a demand and is already covered under the European Union’s regulatory framework for crypto, MiCA, which came into force in December.

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