A bigger bitcoin or ether treasury need not mean more crypto per share—or a positive stock return. Strategy’s disclosures show why the valuation formula matters.

Bitmine also continued adding to its crypto holdings with a fresh ETH purchase in the past week.

Cypherpunk launched in November and has accumulated about 290K ZEC so far.

Expanding from Bitcoin to Ethereum, Solana, and other altcoins, public companies embraced crypto as a core treasury tool — and exposed new risks along the way.

Both companies will guide on treasury and regulatory practices.

According to the firm’s CIO, most digital asset treasuries will either trade at a discount or disappear, with only the biggest able to trade at a premium.

Public digital asset treasury firms hold millions of dollars in ETH, but many bought at prices much higher than today's.

Enlivex will use a private placement to accumulate the native token of decentralized prediction market protocol Rain.

The new Winklevoss-backed ZEC DAT aims to hold at least 5% of the total Zcash supply.

Easy gains are gone for crypto treasury companies, and only those with strategic discipline may survive the new competitive phase, Coinbase warns.