Bitcoin Trades Above $118K, Ether Stays Below $3700
Trump Media Expands Bitcoin Holdings To $2 Billion.
Trump Media & Technology Group, the company behind Truth Social and Truth+ streaming, announced it now holds around $2 billion worth of Bitcoin and Bitcoin-related assets. This is part of its earlier declared Bitcoin treasury strategy, using money from stock sales and bonds.
As per the announcement, the company has about $3 billion in total liquid assets, meaning two-thirds of that is now in Bitcoin. It also set aside an additional $300 million to buy Bitcoin-related options, which it may convert into Bitcoin later depending on market trends.
Michael Saylor’s Strategy Buys $739 Million In Bitcoin.
Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, on Monday said it has purchased 6,220 BTC for $739.8 million. With the latest purchase, the company has increased its bitcoin holdings to 607,770 BTC.
Strategy purchased an additional 6,220 BTC at $118,940 per Bitcoin between July 14-20, according to an official announcement on July 21. The bitcoin purchases were made using proceeds from the MSTR Class A shares, STRK, STRF, and STRD shares at-the-market offerings.
With the latest Bitcoin purchase, Strategy boosted its Bitcoin stash to 607,770 BTC, acquired for $43.610 billion at an average price of $71,756 per Bitcoin.
Meanwhile, Strategy has launched its latest fundraising vehicle for additional bitcoin purchases. The STRC Preferred Stock, nicknamed “stretch” by the company, will have an initial dividend rate of 9%. The company is looking to sell 5 million shares at $100 each for a total of $500 million.
BTCS Boosts Ethereum Holdings To Over $211 Million.
Blockchain Technology Consensus Solutions Inc. has increased its Ethereum holdings to 55,788 ETH—worth around $211.5 million—after acquiring 22,935 additional ETH.
The company now holds $242 million in total assets, including cash and liquid holdings.
A $10 million capital raise via convertible notes at a 198% premium supports this expansion. The move is part of BTCS’s DeFi/TradFi Accretion Flywheel strategy.
CEO Charles Allen called BTCS “the most leveraged Ethereum play in public markets.” Following the news.
DeFi Development Corp Solana Treasury Nears 1 Million SOL.
Nasdaq-listed firm DeFi Development Corp is now just one token away from crossing a million Solana in its treasury after its latest $198 million buy.
In a statement on Monday, DeFi Development Corp said its purchase of 141,383 Solana between July 14 and July 20 had grown its treasury to 999,999.
The recent acquisition included spot purchases, discounted locked SOL, and 867 tokens earned through staking, validator revenue, and “other onchain activity,” according to DeFi Development Corp.
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