The competition to accumulate Bitcoin (BTCAs companies increasingly view digital assets as valuable additions to their balance sheets, ) are accelerating. In addition to the publicly traded companies, private companies have joined the campaign, including a Norwegian deep-sea mining company that plans to acquire $1.2 billion in BTC.
This week also marks Official unveiling of new careers Written by crypto entrepreneur Anthony Pompomome, it aims to build a billion-dollar Bitcoin Treasury.
As Bitcoin accumulation intensifies, Stablecoins is becoming a key driver of crypto adoption. The United States is approaching Passing landmark Stablecoin legislationSouth Korea is urging banks to issue winning stablecoins, and a venture capital executive calls the rise of load-bearing stable stocks “inevitably” – which seems to be coming.
This week’s cryptocurrency BIZ explores the surge in momentum and steady influence behind the Bitcoin treasury.
Norwegian deep-sea miners buy bitcoin
Norwegian Deep Sea Mining Company Green minerals The announced plan will allocate up to $1.2 billion to its Bitcoin Treasury Department, highlighting the growth in institutional demand for digital assets.
The Bitcoin treasury strategy is part of the broader ambition to incorporate blockchain technology into the company’s operations. The company said Bitcoin will help diversify its assets from fiat currencies.
Companies are competing to buy Bitcoin, and new entity formations will receive billions of dollars in digital assets. Earlier this month Tether and Bitfinex raise $3.9 billion Worth Bitcoin to Twenty-One Capital, a new company backed by SoftBank and Cantor Fitzgerald.
Entrepreneur Anthony Pompliano also set up a new Bitcoin financial services company called Procap BTC, which announced Plans to acquire up to $1 billion worth of BTC.
Crypto executives plan BNB Treasury
According to reports Raised $100 million Invest in Binance’s BNB (BNB) token.
According to Bloomberg, Patrick Horsman, Joshua Kruger and Johnathan Pasch plan to complete the fundraising campaign this month and start accumulating BNB immediately. The BNB Treasury Department will be managed by a new entity called Build & Build Corporation, which will also apply for listing on the Nasdaq Stock Exchange.
Horsman, Kruger and Pasch are part of Coral Capital, which was acquired by the DNA Fund in 2024 in an undisclosed quantity.
Coinfund Exec says stable yield is “necessity”
Crypto Risk Company CoinFund has Supported Defi protocol Veda $18 million was raised to support the expansion of its vault platform, which allowed issuers to create cross-chain production products such as load-bearing stable assets.
“The natural next step for Wealth OnChain is to earn yields and make your assets (fiat currency or digital assets) productive,” CoinFund management partner David Pakman told Cointelegraph.
Although Bank of America lobby reportedly frightened Regarding the effects of stabilizers that bear yield, Parkman describes it as “necessity” because they are “a more convenient way to earn low-risk Fiat-type than traditional bank savings and money market accounts.”
“I do agree that once we have more and more submission stables, traditional bank savings accounts will be endangered and need to develop,” Parkman said.
South Korea’s eyes are stable
Stablecoins is coming to South Korea and buying from the country’s central bank and the broader financial sector.
Eight major Korean banks A winning stability is being developed to try to curb the dominance of the country’s dollar. The Stablecoin launch may begin later this year or early next year.
South Korea’s deputy governor Ryoo Sangdai wants regulated financial institutions to become The main issuer of stablecoins According to reports from local media, in the country.
“The goal is to build a safety net considering the potential of market disruptions or consumer harm,” Sangdai said.
Stablecoins is a $239 billion market, according to industry data. However, 99% of that value is closely related to the US dollar.
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