Crypto Treasury Firms Go on $8B Buying Spree in Historic Week

Marti, a Turkish ride-hailing company, has put 20% of its cash into Bitcoin and plans to increase that to 50%. The move is part of a long-term plan to use crypto as a store of value while keeping its main business growing.
eToro has started offering tokenised US stocks on Ethereum and is planning to build its own blockchain. This would let users trade shares like crypto and use them in decentralised finance.
The US SEC has approved in-kind trading for Bitcoin and Ethereum ETFs, letting firms trade crypto directly instead of using cash. This change is expected to cut costs, improve trading, and make it easier for big investors to enter the crypto market.
Ozzy Osbourne’s NFT collection CryptoBatz saw a big jump in sales and price after news of his death. Trading volumes surged over 100,000% in one day, briefly raising the floor price to around $295.
JPMorgan is planning to let clients borrow money using crypto like bitcoin and ether as collateral. This comes as rules around digital assets in the US become clearer and demand from wealthy clients grows.
The SEC Chairman said Ethereum is not considered a security, which has encouraged companies to increase their Ethereum holdings. This clear regulatory view has helped boost Ethereum’s price and sparked more interest from investors and firms.
ChatGPT said: Shinhan Bank has added cryptocurrency tracking and educational tools to its SOL app, becoming the first South Korean bank to offer such services. The move signals growing acceptance of crypto in traditional banking, with plans to expand into crypto purchases and wallet management soon.
Vitalik Buterin urged developers to simplify Ethereum Layer 2 networks by using Ethereum’s base layer for security and consensus. He said projects should stop rebuilding features Ethereum already provides and focus only on processing and verifying transactions.
Standard Chartered has started offering bitcoin and ether spot trading directly to institutional clients through its UK branch. This makes it the first major global bank to provide regulated crypto trading using existing foreign exchange systems.
The new wealth record was driven by a surge in Tesla shares late last week and a $50 billion funding round for Musk’s artificial intelligence startup.
Beeple is an American graphic designer, digital artist, and animator, known for making comical and often surreal multimedia works with social and political messages. Beeple has a net worth of $50 million.
Among his early NFTs, "Crossroad," a commentary on the 2020 U.S. presidential election, made headlines by selling for $6.6 million in February 2021.
HNW investors continue to be interested in investing directly straight into the asset class.
Recently, the White House released a report that details how crypto mining and other technologies contribute directly to pollution, greenhouse gas effect, noise, and other hazardous environmental effects.
Wealth managers are being advised to prioritize education and advice after a new survey reveals that most of the world's wealthiest individuals are invested in digital assets.
A new survey suggests that most of the world’s wealthiest have invested in digital assets and wealth management firms have been advised to prioritize providing education and advice.
Cryptocurrencies play a major part in wealthy people's way of life. A recent survey reveals that global high-rollers are spending ...
"We are going to become the first city in the world to mine Bitcoin here on site at city hall," said Fort Worth Mayor Mattie Parker.