DCG founder Silbert returns to Grayscale as chairman amid IPO push
Digital Currency Group founder Barry Silbert has resumed his role as board chairman at Grayscale Asset Management. His reappointment comes alongside new executive hires and follows Grayscale’s transition of major crypto trusts into ETFs. Silbert had resigned in December 2023 amid a New York AG lawsuit.
Saylor’s Strategy doubles Bitcoin holdings since Trump’s election
MicroStrategy’s treasury arm boosted its Bitcoin reserves from 252,220 BTC to 628,791 BTC following the 2024 U.S. election, marking a 60 % increase over nine months. The firm disclosed a third-largest weekly purchase of 21,021 BTC worth $2.46 billion at an average price of $117,256 per coin.
Justin Sun Outlines Tron Ecosystem Ambitions Following Blue Origin Flight
Justin Sun completed a Blue Origin NS-34 mission on August 3 after securing a $28 million auction bid in 2021. The flight led to plans for nominating five additional passengers and integrating space exploration into Tron’s innovation roadmap.
Ripple: Banks Invested Over $100 Billion in Blockchain Infrastructure Since 2020
A joint study by Ripple, CB Insights and the UK Centre for Blockchain Technologies shows traditional banks participated in 345 blockchain deals from 2020 to 2024, with global investment surpassing $100 billion. The report finds 90% of finance leaders expect blockchain to have a significant impact on finance by 2028.
Fintech Firms Rush to Raise Equity in Hong Kong to Tap Crypto Frenzy
At least ten Hong Kong-listed fintech companies raised over $1.5 billion in July via share placements to fund expansions in stablecoins, digital assets and blockchain payments. The surge in equity offerings coincides with the stablecoin issuer licensing regime taking effect on August 1, and regulators warning against market frothiness amid hype.
Metaplanet adds 780 BTC, corporate stash grows to 17,132 coins
Tokyo-listed Metaplanet revealed it bought 780 bitcoin at an average ¥17.5 million per coin, lifting the firm’s holdings to 17,132 BTC worth about $2 billion. The company’s shares gained 5 % after the disclosure as investors welcomed the expansion of its Bitcoin-treasury strategy.
SharpLink purchases 77,210 ETH for $295 million, boosting treasury to 438,000 ETH
Sports-tech firm SharpLink Gaming bought 77,210 ETH for about $295 million—more than the network’s net issuance over the past month—lifting its corporate ether stash above 438,000 ETH and $1.6 billion in value while it pursues a $6 billion stock-sale plan to fund further accumulation.