Bitmine closes in on 5% ETH supply goal after reaching 97% of target
Bitmine reaches 97% of its 5% ETH goal as Bitcoin nears $80K, Strategy raises $2B in stock sales and CleanCore pivots from DOGE to AI infra.
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Corporate treasuries are becoming crypto battlegrounds.
Some companies are going all in. Others are running for the exits.
Strategy just padded its war chest with $5B in cash reserves.
Meanwhile, a stablecoin neobank quietly crossed the billion-dollar valuation mark.
The playbooks are diverging fast, and today's stories show exactly how.
Bitmine hits 97% of its Ethereum target after latest buy
Bitmine now holds 5.9 million ETH, roughly 4.8% of Ethereum's total supply.
The firm added 32,447 ETH last week alone, inching closer to its 5% ownership goal.
Over 5 million of those tokens are already staked, generating yield.
One company controlling that much of a major network's supply could reshape ETH market dynamics.
Markets
Treasury's cash pile could flood markets with liquidity
Treasury Secretary Bessent is eyeing the $935B cash buffer to fund expanded debt buybacks.
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The move doubled the maximum buyback size to $4B, signaling a more aggressive liquidity push.
Crypto markets responded warmly, with risk assets catching a bid across the board.
BTC climbed near $79K, ETH traded above $2,490, and SOL held steady around $97.
Strategy spent $136M repurchasing 1.4 million shares of preferred stock last week.
Its USD reserves climbed to $5.1B, up from $4.8B just seven days earlier.
That cash cushion means the former MicroStrategy won't need to sell Bitcoin in a downturn.
CleanCore dumps its Dogecoin treasury, pivots to AI data centers
CleanCore Solutions is winding down its Dogecoin treasury and chasing AI instead.
The company is selling 276 million shares at $0.25 each to fund the pivot.
When your meme coin treasury strategy ends in a quarter-dollar stock offering, the market has spoken.
Stablecoin neobank Fasset hits $1B valuation with SBI backing
Fasset closed a $68M Series C led by Japan's SBI Group, pushing its valuation to $1B.
The company now processes over $40B in annualized transaction volume.
Stablecoin payments infrastructure is attracting the kind of capital once reserved for traditional fintech.
On Our Radar
The automation question: AI is quietly solving problems companies actually have.*
Goldman's XRP comeback: The bank's quietly restocking after dumping in Q1.
Phantom's exit strategy: The wallet is dropping Sui support next month.
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That’s a wrap.
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