Digital Asset Treasuries
Hyperliquid Strategies Posts $620.6 Million Profit on HYPE Paper Gains
HYPE was trading about 14% below the price used to value the company's quarter-end token holdings.
Crypto Treasury Stocks: How mNAV and Dilution Affect Value
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.
Evernorth Taps Ripple, Kraken, Coinbase and BitGo for XRP Yield Push
The Nasdaq-listed treasury company plans to start institutional strategies in Q4, with direct XRP Ledger credit-market investments to follow as the infrastructure matures.
BitMine Will Stop Buying ETH at 5% of Supply, Tom Lee Says
The company reported 6,016,414 ETH as of Oct. 4, while Lee estimates roughly 100,000 tokens remain before it reaches the ceiling.
Strategy Resumes Weekly Buys with Smallest BTC Purchase Since December
Meanwhile, the largest Ethereum DAT, Bitmine, made its smallest ETH purchase since January, announcing it will slow its weekly purchase pace.
BitMine Graduates to NYSE as ETH Treasury Hits 4.8 Million Tokens
The ETH treasury company posted its largest weekly purchase since December, and will begin trading on the main NYSE board on Thursday.
BitMine Launches Proprietary Ethereum Validator Network MAVAN
Tom Lee's firm is the largest public holder of ETH, and the second largest digital asset treasury company.
ZEC Rallies 20% After Cypherpunk Reports First Annual Profit
The Winklevoss-backed Zcash treasury company reported $4.8 million in net income in 2025, driven by unrealized gains on its ZEC holdings.
Digital Asset Treasury Giants Step Up Purchases
Strategy and Bitmine both announced fresh crypto buys today, while Metaplanet revealed its latest capital raise.
Two Largest DAT Companies Double Down on Crypto Buys
Strategy just bought nearly 6x more BTC than last week, while Tom Lee's Bitmine also purchased more ETH than usual.
