SharpLink Gaming (SBET), the Ethereum treasury firm led by Joseph Lubin, unveiled plans on Thursday to tokenize its equity on the Ethereum blockchain as the stock tokenization trend is gaining steam. The Minnesota-based firm said it has tapped tokenization specialist Superstate as its digital transfer agent, while its equity token will be natively issued through … Read more
Bitcoin mining company CleanSpark (CLSK) has secured a new $100 million credit facility with Coinbase Prime, giving it access to fresh capital without selling its bitcoin holdings or raising equity. The shares rose nearly 6% in post-market trading, after the announcement on Monday. The mining company will use the proceeds for strategic capital expenditures, including … Read more
IREN (IREN) jumped 11% in pre-market trading to $43 after the company announced it has doubled its AI Cloud capacity to 23,000 GPUs, lifting its annualized run-rate revenue target to more than $500 million by Q1 of 2026. The company invested about $674 million in 7,100 NVIDIA B300s, 4,200 NVIDIA B200s and 1,100 AMD MI350Xs. … Read more
ARK Invest made an immediate splash on the latest publicly listed digital asset treasury company, buying just under $162 million worth of shares in Brera Holdings (BREA). The Nasdaq-listed sports club owner rebranded as Solmate as part of plans to build a digital asset treasury based on Solana’s sol (SOL) token, raising $300 million from … Read more
Wall Street bank Citi (C) has raised its price target on Bullish (BLSH), the owner of CoinDesk, to $70 from $66 after the crypto exchange’s second quarter results came in slightly ahead of expectations. The long-anticipated NYDFS BitLicense approval removes a key regulatory overhang, strengthening investor confidence heading into FY 2026, Citi said. But the … Read more
Shares of Bullish (BLSH) rose 5% to $53.12 on Tuesday after the crypto platform secured a BitLicense from the New York State Department of Financial Services, a crucial regulatory approval that opens the door to offering spot trading and custody services to institutional clients in New York. With the license, Bullish’s U.S. arm — Bullish … Read more
Gemini Space Station (GEMI), the crypto exchange founded by Cameron and Tyler Winklevoss, has seen its shares tumble by more than 20% since listing on the Nasdaq last Friday. The stock is down around 6% on Tuesday, trading at $30.42, and has dropped nearly 24% over the past week. The sharp decline follows an initial … Read more
TON Strategy Company (TONX) has repurchased over 250,000 shares of its common stock at $8.32 per share, well below its stated treasury asset value (TAV) of $12.18, the company said. The move is part of its recently launched $250 million buyback program and follows its pivot to position toncoin TON$3.2194 as the company’s primary treasury … Read more
Forward Industries (NASDAQ: FORD) has raised $1.65 billion in cash and stablecoin commitments through a private investment in public equity (PIPE) led by Galaxy Digital, Jump Crypto, and Multicoin Capital, marking the largest Solana-focused treasury financing to date. The firm’s shares jumped 128% in pre-market trading, while SOL rose by 2.3% following the announcement The … Read more
Cathie Wood’s ARK Invest stepped up its bets on crypto-related equities Friday, buying more than $23.5 million in BitMine Immersion Technologies (BMNR) and crypto exchange Bullish, the parent company of CoinDesk, across three of its actively managed ETFs. Trade disclosures show the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech … Read more