Crypto Industry Group Asks Treasury To Clarify GENIUS Act Rules For DeFi
TL;DR: The Blockchain Association has urged the US Treasury to draw clearer lines around DeFi software, foreign stablecoin issuers and who could face liability under proposed GENIUS Act rules. The fight over US stablecoin regulation is shifting from Congress to the details of implementation. In comments on Treasury’s proposed Section 3 rules under the GENIUS…
Bitmine Ethereum Treasury Tops 6 Million ETH After Another Weekly Purchase
TL;DR: Bitmine says its Ethereum holdings reached approximately 6.04 million ETH after it added 12,535 tokens over the past week. Bitmine Immersion Technologies has pushed its Ethereum treasury past the six-million-token mark, reporting holdings of 6,041,481 ETH as of October 18. The company said it acquired another 12,535 ETH during the preceding week. The size…
Metaplanet Bitcoin Investment Clears Super League Shareholder Vote
TL;DR: Super League shareholders have approved proposals connected to Metaplanet’s plan to contribute 2,100 BTC and cash to a new US-listed Bitcoin treasury platform. Metaplanet’s proposed American Bitcoin treasury vehicle has moved a step closer to reality, but the transaction has not yet closed. Super League Enterprise said shareholders approved the relevant proposals at their…
Strategy Buys 1,665 More Bitcoin And Spends $152M Buying Back STRC
TL;DR Strategy bought 1,665 BTC for approximately $142.7 million between September 21 and September 27. The company now holds 847,666 BTC acquired for about $63.95 billion in total. Strategy also repurchased roughly $151.7 million of STRC preferred shares during the same week. Strategy has accelerated its Bitcoin buying again while simultaneously using capital to retire…
DeFi Development Corp Adds 47,706 SOL As Treasury Passes 2.5M Tokens
TL;DR DeFi Development Corp added approximately 47,706 SOL and SOL equivalents since September 21. Total holdings have reached roughly 2.538 million SOL and equivalents, valued by the company at about $309 million. The treasury has grown around 10% since the company’s August 12 earnings update. DeFi Development Corp has pushed its Solana treasury above 2.5…
VanEck Flags Heavy Executive Dilution At Bitcoin Treasury Firm Metaplanet
TL;DR VanEck has taken a closer look at dilution inside Metaplanet’s Bitcoin treasury strategy. Its analysis points to executive option capacity equal to 22.4% of shares. The issue is not Metaplanet selling Bitcoin, but how much shareholder dilution could accompany the strategy. Metaplanet has become one of the most closely watched corporate Bitcoin buyers outside…
Treasury Sanctions BitBank Over Iranian Crypto Sanctions-Evasion Network
TL;DR U.S. Treasury has sanctioned Iranian digital asset exchange BitBank. OFAC says the platform was part of a network tied to sanctioned financier Babak Zanjani. Treasury alleges the infrastructure helped move hundreds of millions of dollars in Bitcoin connected to the IRGC. The U.S. Treasury has targeted another part of Iran’s crypto infrastructure, this time…
Metaplanet Buys 1,007 More Bitcoin As Treasury Hits 20,000 BTC
Metaplanet has bought another 1,007 Bitcoin for $69 million, lifting its total corporate treasury holdings to 20,000 BTC. The company said the latest purchase was made at an average price of $68,520 per Bitcoin. At that level, Metaplanet’s Bitcoin balance is now valued at more than $1.38 billion, making the Japanese company one of the…
BitMine Adds 53,501 ETH In $131M Corporate Treasury Move
BitMine has added 53,501 ETH to its corporate treasury in a $131 million acquisition, giving the market another example of public-company balance sheets moving beyond Bitcoin-only treasury strategies. The purchase was disclosed through a company filing, putting Ethereum back into the corporate treasury conversation at a time when investors are watching how listed firms use…
US Treasury Buyback Expansion Adds New Macro Liquidity Signal For Bitcoin Traders
The US Treasury has increased the maximum size of liquidity-support buyback operations for longer-dated nominal coupon securities, adding another macro signal for traders watching liquidity conditions across risk assets, including Bitcoin. The Treasury’s program raises the purchase limit per operation from $2 billion to at least $4 billion for the 10-20 year and 20-30 year…