Bitcoin (BTC) is leading crypto markets to uncharted territory as four crypto treasury companies announce the acquisition of even more digital assets.

In a series of press releases on Monday, Strategy, BitMine Immersion, Sequans, Sonnet BioTherapeutics and Metaplanet all announced that they are increasing the amount of crypto in their respective treasuries.

Michael Saylor’s Strategy, perhaps the most well-known of the crypto treasuries, added 4,225 BTC ($504,242,765), bringing the firm’s total holdings to 601,550 BTC ($71,793,428,470). Japanese Bitcoin hoarder MetaPlanet also added $93 million worth of BTC, according to its CEO Simon Gerovich.

Sequans, a French communications company and provider of Internet of Things (IoT) semiconductors, announced the purchase of 683 BTC ($81,514,274), bringing its total to 1053 BTC ($125,672,812).

But not all the treasuries are focused solely on BTC. BitMine Immersion announced that its newest Ethereum (ETH) purchase brought the firm’s total ETH holdings to about $500 million.

Says Jonathan Bates, CEO of BitMine,

“We are pleased that we added significantly to our ETH treasury just 3 days after closing our private placement. Clearly, Wall Street is getting ‘ETH-pilled.’”

And Sonnet BioTherapeutics, a New Jersey-based medical firm, announced the launch of a nearly $900 million Hyperliquid ( Go to Source to See Full Article
Author: Daily Hodl Staff

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details