Bit Digital Adds Nearly 20,000 ETH, Now Among Top Public Ethereum Holders

Bit Digital Adds Nearly 20,000 ETH, Now Among Top Public Ethereum Holders

Bit Digital Inc., a public crypto mining firm, has added 19,683 ether to its treasury, raising its total holdings to 120,306 ETH—worth around $436 million at current market prices. The purchase was funded from a recent $67.3 million direct offering to institutional investors.

Bit Digital now ranks as the third-largest public holder of Ethereum, behind SharpLink Gaming and BitMine Immersion. The company called it a long-term investment, aligning with growing interest in ETH across corporate treasuries amid rising ETF inflows.

MEI Pharma Becomes First Public Company To Add $100M Litecoin Treasury.

In a first for a publicly traded U.S. company, MEI Pharma will invest $100 million to adopt Litecoin as a treasury reserve asset. The PIPE deal, led by crypto firm GSR, will close around July 22, 2025.

Litecoin creator Charlie Lee, who is a key figure in crypto, will join MEI’s board, marking a major step in institutional adoption of LTC. MEI will sell 29.2 million shares at $3.42 each. GSR will manage the company’s digital assets. Litecoin is widely used for payments, remittances, and cross-border transfers.

Bihar Conducts First Mobile E-voting Using Polygon Blockchain.

Bihar is the first Indian state to successfully roll out mobile-based e-voting, utilizing blockchain technology via Polygon. The pilot was executed in the context of municipal by-elections in 42 municipalities over 26 districts and had the objective of making the voting process more accessible and transparent.

The e-voting facility was offered to 51,157 registered voters and realized a high turnout of almost 70%. Two special mobile apps were utilized and built by the Centre for Development of Advanced Computing and the other by the Bihar State Election Commission.

The two apps included biometric authentication and facial recognition to validate voter identity and avoid duplication.

Charles Schwab Eyes Crypto Market With New Launch.

Charles Schwab Corp. is set to launch bitcoin and ether trading services for retail investors, CEO Rick Wurster revealed on CNBC’s “Money Movers.”

Wurster noted that Schwab clients already hold significant crypto exposure through ETFs — making up over 20% of the industry’s assets in that segment. However, many now prefer to store actual crypto directly with Schwab.

Currently, crypto accounts for just $25 billion of Schwab’s $10.8 trillion in assets, but the new launch could mark a turning point as the firm positions itself to compete with Coinbase in the retail crypto custody space.

Jack Dorsey’s Bitcoin-centric Block Inc To Join S&P 500 This Week.

Block Inc, the tech company that operates several business units in the digital asset ecosystem, will be added to the S&P 500 effective Wednesday, July 23.

Block was originally founded in 2009 as Square and was initially focused on providing financial services and mobile payment solutions. In December 2021, the company rebranded to Block Inc., reflecting its growing interest and involvement in blockchain technology and digital assets.

The addition to the S&P 500 comes about two months after Coinbase became the first pure-play crypto firm to join the benchmark index.

Jetking Announces Stock Issuance To Buy More Bitcoin.

Public-listed Jetking, the first company in India to adopt Bitcoin treasury strategy, on Monday said it will buy more Bitcoin and expand its Bitcoin-focused initiatives. The firm currently holds 21 BTC worth nearly $3 million.

Jetking board approved a preferential equity issue up to $1.3 million to further expand its Bitcoin treasury operations on July 21. The firm will raise funds from non-promoters in compliance with SEBI’s issue of capital and disclosure requirements regulations.

The company will issue 4,60,000 equity shares at Rs. 250 per share to raise funds for the acquisition of Bitcoin, general corporate purposes, and education, training and skill development in Bitcoin.

Ethereum Throughput Rises As Validators Back Higher Gas Limits.

Ethereum’s network throughput rose over the weekend as validators increasingly supported a proposal to raise the gas limit to 45 million units.

On Sunday, the gas limit reached 37.3 million units — a nearly 3% increase from last week and the first major rise since February. This boost allows more transactions per block, helping scale the layer-1 network and reduce fees. Ethereum’s transactions per second rose to nearly 18, up from 15 earlier this year. Nearly 47.2% of staked validators now support the “pump the gas” initiative, with Ethereum co-founder Vitalik Buterin noting strong momentum behind the effort.

Hong Kong To Begin Stablecoin Licensing By Invitation Only From August 1.

Hong Kong’s stablecoin licensing regime, set to launch on August 1, 2025, will initially operate on an invitation-only basis, according to local reports.

The Hong Kong Monetary Authority aims to ensure only qualified entities participate by pre-screening potential issuers. Approval will depend on strict criteria, including strong risk controls, anti-money laundering compliance, and proven real-world use cases.

Over 40 firms are reportedly preparing to apply, but sources suggest only a few licenses may be granted in this cautious rollout. The move is part of Hong Kong’s broader effort to position itself as a global leader in the crypto sector.

IMF Reveals El Salvador Stopped Buying Bitcoin in February.

El Salvador has not purchased any Bitcoin since February 2025, according to an IMF Article IV report supported by letters from the country’s Central Bank and Finance Ministry. This contradicts President Nayib Bukele’s claim of daily Bitcoin purchases, which shaped his pro-crypto stance.

The report clarifies that recent growth in Bitcoin wallet balances came from internal consolidations, not new acquisitions. Despite public messaging suggesting ongoing buys, the IMF findings reveal a pause in accumulation, signaling a shift in El Salvador’s cryptocurrency policy and approach.

Swedish Health Tech Firm H100 Expands Bitcoin Holdings with $1.5M Investment.

Swedish health tech company H100 has raised around $1.5 million to increase its Bitcoin holdings, signaling deeper engagement with digital assets.

Already holding 370 BTC, H100’s move reflects a strategic shift in treasury management, aligning with a broader corporate trend recognizing Bitcoin as a store of value and hedge against inflation.

The firm aims to diversify assets and enhance financial resilience amid global currency volatility. By adopting Bitcoin within its financial framework, H100 positions itself as an innovative leader in the health tech sector, leveraging blockchain-based tools to promote long-term stability and forward-looking capital strategy.

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