Several companies from various sectors have announced their intentions to increase investments in cryptocurrency, highlighting the growing interest from institutional investors in digital assets like Ethereum, BNB, and Bitcoin.
SharpLink Gaming Increases Ethereum Holdings by $30 Million
Shares in SharpLink Gaming closed up 7% after the company announced it purchased 12,207 ETH for $30 million. As a result, the total ETH held by the company surpassed 188,000 ETH, valued at approximately $457.4 million. The acquisition was largely funded by share sales. The company staked all its ETH, which generated 120 ETH, or about $293,000 in rewards. SharpLink's board chairman, Joseph Lubin, also a co-founder of Ethereum, stated that increasing ETH holdings aligns with the goal of delivering long-term value for shareholders.
Nano Labs Plans to Build BNB Token Treasury
Chinese blockchain company Nano Labs announced a $500 million convertible notes purchase agreement aimed at building a BNB token treasury. The company intends to eventually hold 5-10% of the total circulating supply of BNB tokens. The notes are convertible into Class A shares at an initial conversion price of $20 per share. Binance co-founder Changpeng Zhao stated that while he did not participate in this funding round, they still support the initiative. Following the announcement, Nano Labs’ stock surged by more than 106%.
Green Minerals Aims to Buy 11,255 BTC
Norwegian deep-sea mining company Green Minerals recently announced plans to raise $1.2 billion to acquire Bitcoin as part of its asset diversification strategy. Executive chair Ståle Rodahl described Bitcoin as an 'attractive alternative to traditional fiat currencies.' In addition to the Bitcoin purchase, the company is exploring broader blockchain adoption in its operations to enhance supply chain transparency and improve efficiency.
The growing interest from companies in cryptocurrency indicates an increasing institutional confidence in assets like Ethereum, BNB, and Bitcoin. These initiatives are expected to further solidify the positions of digital currencies in the market.
