coindesk.com
Monday kicked off with a flurry of treasury announcements as major digital asset firms expanded their crypto reserves, underlining the growing institutional embrace of blockchain-native assets.
BitMine Immersion Technologies (BMNR) now holds the world’s largest ether {$ETH} treasury at 833,137 $ETH worth over $2.9 billion. Launched just 35 days ago, BitMine’s aggressive $ETH acquisition strategy positions it as the third-largest overall crypto treasury behind Strategy (MSTR) and MARA Holdings (MARA), according to the press release.
Investor Bill Miller III has taken a significant stake, joining a deep bench of institutional backers including ARK’s Cathie Wood, Kraken, Galaxy, and Pantera.
With daily trading volume averaging $1.6 billion, BMNR ranks 42nd among U.S. stocks by liquidity. BitMine aims to acquire 5% of $ETH’s total supply, with future staking plans expected to unlock yield-based profitability. BMNR shares are up 6% on the day.
Verb Technology (VERB) announced a $558 million private placement to establish the first publicly listed toncoin treasury, partnering with Kingsway Capital. The deal is anchored by more than 110 institutional and crypto-native investors including Vy Capital, Blockchain.com, and Ribbit Capital.
Verb will rebrand as $TON Strategy Co. (TSC) and acquire toncoin
Incoming leaders include $TON Foundation President Manuel Stotz and Blockchain.com CEO Peter Smith. VERB stock surged 65% today, while $TON fell 8%. The transaction is expected to close by August 7.
France-based Sequans Communications (SQNS), a fabless 5G/IoT chipmaker, announced the purchase of 85 additional $BTC for $10 million, bringing its total bitcoin holdings to 3,157 $BTC. Sequans sees bitcoin as its long-term treasury reserve and continues to accumulate strategically. SQNS shares are up 1% following the announcement.