The crypto market was lively again last week—several publicly listed companies started hoarding coins at the same time.
On December 8, reports showed that multiple traditional public companies are accelerating their allocation of Bitcoin, Ethereum, and Solana as part of their asset strategies. This round of activity isn’t just about simply buying coins; it also includes issuing bonds to finance purchases and earning yields through staking.
**Specifically:**
Lion Group Holding (NASDAQ: LGHL) is playing boldly—they signed an amended convertible bond agreement, raising $9.984 million through bond issuance, with $8 million going directly into BTC, planning to hold it long-term.
Onfolio Holdings (ONFO) is diversifying across multiple coins, spending $2.45 million to buy Bitcoin, Ethereum, and Solana. As of December 3, they held 5 BTC, 318 ETH, and 6,771 SOL, with both ETH and SOL staked to earn additional yields.
BitMine (NYSE: BMNR) is focusing on Ethereum, spending another ~$15 million this week to scoop up more ETH and further solidify its status as a major Ethereum holder.
American Bitcoin (ABTC) was also active, increasing its holdings by 363 Bitcoins.
Traditional capital is definitely speeding up its entry into the space, with increasingly professional strategies ranging from financing to buy coins to staking and mining.
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The crypto market was lively again last week—several publicly listed companies started hoarding coins at the same time.
On December 8, reports showed that multiple traditional public companies are accelerating their allocation of Bitcoin, Ethereum, and Solana as part of their asset strategies. This round of activity isn’t just about simply buying coins; it also includes issuing bonds to finance purchases and earning yields through staking.
**Specifically:**
Lion Group Holding (NASDAQ: LGHL) is playing boldly—they signed an amended convertible bond agreement, raising $9.984 million through bond issuance, with $8 million going directly into BTC, planning to hold it long-term.
Onfolio Holdings (ONFO) is diversifying across multiple coins, spending $2.45 million to buy Bitcoin, Ethereum, and Solana. As of December 3, they held 5 BTC, 318 ETH, and 6,771 SOL, with both ETH and SOL staked to earn additional yields.
BitMine (NYSE: BMNR) is focusing on Ethereum, spending another ~$15 million this week to scoop up more ETH and further solidify its status as a major Ethereum holder.
American Bitcoin (ABTC) was also active, increasing its holdings by 363 Bitcoins.
Traditional capital is definitely speeding up its entry into the space, with increasingly professional strategies ranging from financing to buy coins to staking and mining.