Bitcoin Well (TSXV:BTCW, OTCQB:BCNWF), OTCQB:BCNWF) provides an ecosystem of products and services making it easier for people to use bitcoin. Established in Canada in 2013 and has reached significant revenue growth year-over-year, Bitcoin Well will soon be expanding to the US market.
The company's three core business lines include Crypto ATM network composed of 250+ Crypto ATMs across Canada with US$21 million revenue in 2022; Bitcoin Well Infinite which caters to high net worth individuals and businesses and with US$29 million revenue in 2022; and Online Ecosystem, the fastest and safest way for Canadians to buy, sell and use bitcoin with current monthly revenues exceeding $350,000.
This Bitcoin Well profile is part of a paid investor education campaign.*
Click here to connect with Bitcoin Well (TSXV:BTCW, OTCQB:BCNWF) to receive an Investor Presentation
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Edmonton, Alberta June 18, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), Bitcoin Well Canada Ltd. (" Bitcoin Well Canada "), a wholly-owned subsidiary of the Company, has received a judgment from the Court of King's Bench of Alberta against Rapid Cash ATM Ltd. (" Rapid Cash " or " Rapid Cash ATM" ) in the amount of $541,988.88, plus costs in the amount of $9,988.15.
On February 1, 2024, Bitcoin Well Canada filed an application in Court of King's Bench of Alberta File No. 2301-14199 (the " Action ") seeking partial summary judgment against Rapid Cash for the return of over $0.5 million withheld by Rapid Cash following termination of the parties' Hosting Agreement in late 2023 (the " Summary Judgment Application ").
On February 20, 2025, the Court of King's Bench released its written Endorsement with respect to the Summary Judgment Application (the " Decision "), finding that "it is manifestly unjust to allow Rapid Cash to hold onto Bitcoin Well [Canada]'s money pending adjudication of the damages claims" and observing that "the wording of the agreement is more consistent with Bitcoin Well [Canada]'s position than with Rapid Cash's position". In the result, the Court granted the Summary Judgment Application and ordered Rapid Cash to pay Bitcoin Well Canada the amount of $509,582.11, plus pre-judgment interest in the amount of $32,406.77, for a total judgment of $541,988.88 (the " Judgment " ). The Court subsequently ordered Rapid Cash to pay Bitcoin Well Canada costs for the application in the amount of $9,988.15. Full copies of the Court's Decision can be found here and the resulting Order can be found here
On May 1, 2025, Rapid Cash filed an application (the " Stay Application ") seeking to stay enforcement of the Judgment pending Rapid Cash's ongoing appeal of the Decision, which is currently scheduled for November 5, 2025 (the " Appeal "). On June 13, 2025, the Court dismissed Rapid Cash's Stay Application, such that the Judgment remains in effect.
Further, Bitcoin Well intends to vigorously defend the Appeal and pursue the balance of Bitcoin Well Canada's claims against Rapid Cash, which seek damages for Rapid Cash's alleged improper termination of the parties' agreement, and likewise defend Rapid Cash's counterclaims in the Action.
Copies of the decision and other materials filed in the Action are publicly available and may be obtained from the Court of King's Bench of Alberta.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Edmonton, Alberta May 27, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces a first-of-its-kind Nostr integration to allow Bitcoin Well customers in the USA to purchase bitcoin directly from their Nostr profile.
Key points:
How it Works:
Bitcoin Well customers link their Nostr identifier (npub) to their Bitcoin Well account, then DM the Bitcoin Well account with specific commands to purchase bitcoin.
The purchase uses the customers Cash Balance, and bitcoin is sent to an existing Lightning Wallet for security.
Why it Matters:
The integration makes Bitcoin Well the easiest place to buy bitcoin, enabling fast, secure purchases directly from a customer's Nostr profile.
It aligns with the company's mission to simplify self-custody bitcoin purchases.
Nostr's Role:
As a censorship-resistant protocol, Nostr ensures Bitcoin Well and its customers have full control, avoiding restrictions and potential censorship.
Impact:
This enhances customer convenience, meets Bitcoiners on a platform they already use, and reinforces Bitcoin Well's commitment to accessible, non-custodial bitcoin services.
This move continues to position Bitcoin Well as a leader in freedom technologies by making bitcoin in self custody the standard. For detailed information keep reading, or visit https://bitcoinwell.com/blog/buy-bitcoin-with-nostr
Why does this matter?
Social media, specifically Nostr, is one of the most impactful technologies of our generation. Our lives, our communities and our personalities have transitioned to the digital realm. Bitcoin Well has now enabled everyone in the USA to buy bitcoin safely, directly from their Nostr account.
In doing this, Bitcoin Well has become the easiest place to buy bitcoin! With a simple message, our customers in the USA can now purchase bitcoin in a matter of seconds; without logging in to their Bitcoin Well account.
"This is a great achievement for our team!" said Adam O'Brien, founder and CEO of Bitcoin Well. "We are deeply committed to make buying bitcoin directly to self custody better than using a custodial exchange. This is a huge step in the right direction. We are meeting bitcoiners where they are and allowing them to buy bitcoin safely."
How does it work?
Once a customer links their npub (the social network identifier used by the Nostr protocol) to their Bitcoin Well account from their profile page , they can DM the Bitcoin Well Nostr profile with the command words to purchase bitcoin. The command words are:
/buy $21.00 (or any dollar amount)
/stack 69,000 sats (or any amount of sats)
After a simple "/confirm" response, the customer's Cash Balance in their Bitcoin Well account will be used to buy bitcoin, and the bitcoin will be sent to their predetermined payment address over the Lightning Network.
To maintain security, bitcoin can only be sent to a Lightning Wallet which has already been added to their Bitcoin Well account.
What is Nostr?
Nostr is a decentralized social media protocol which is censorship resistant and runs on a network of relays, rather than centralized servers. This means that the users of the platform control the posts (known as "notes") rather than the owner of the social media platform. This is particularly impactful for the Company because it means we have full control over our message servers; which hasn't been the case in the past.
Historically, our messaging platforms have prohibited us from creating a "text to buy" type of service. Even our payment providers have been limited in the past. With the addition of the Nostr protocol we can be certain that this level of censorship will not impact us, or our customer's ability to buy bitcoin. Furthermore, there is an added layer of protection for the customer's privacy.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Edmonton, Alberta May 15, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces a partnership with Solosatoshi a company dedicated to the advancement of open-sourced Bitcoin mining.
The partnership will bring their popular product the Bitaxe Gama, a 1.2 TH/s home miner , to the Bitcoin Well Points store . This means Bitcoin Well customers who accumulate points by making transactions and referring their friends to the platform can use them to buy a Bitaxe.
"We're excited to partner with the leader in the solo-mining space," said Adam O'Brien, founder and CEO of Bitcoin Well. "I'm hopeful that as we continue these great partnerships, with industry leading products, the Bitcoin Well points store will be the best place to discover and buy the leading bitcoin merchandise. This will drive new signups and active customers. I'm bullish on this strategy"
When asked about the partnership, Matt Howard, founder of Solosatoshi said, "We are excited to see the advancement and adoption of the Bitaxe project through an abundance of such use cases. We look forward to our strategic partnership with Bitcoin Well, and we are very optimistic about all of the possibilities that open-source Bitcoin mining creates globally."
Effective today, any Bitcoin Well customer can use their points to buy a Bitaxe, or any of the other products available on the Bitcoin Well points store. The Company intends to continue making partnerships and expanding the store.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien, Tel: 1 888 711 3866, ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Edmonton, Alberta May 8, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces the Bitcoin Well points store, an expansion to the existing rewards program.
Currently, Bitcoin Well customers are able to redeem their Bitcoin Well points and "toss a coin" into the Bitcoin (Wishing) Well. This retro-themed game allows our customers to win up to 1,000,000 sats (0.001 bitcoin) with every "coin toss". Last month, Bitcoin Well customers played the rewards game nearly 2,000 times and won over 3,000,000 sats.
Now, over and above choosing to spend Bitcoin Well points to win free bitcoin, Bitcoin Well customers can spend their points for exclusive bitcoin merchandise. As of today, the catalog includes:
Stamp Seed Titanium plate for securing bitcoin private keys
Exclusive Leathermint Wallet - Bitcoin Well exclusive 3-card wallet + money clip
Simply Bitcoin Hoodie
Tesla Cybertruck
Bitcoin Well has a list of collaborations and exclusive merchandise that will empower our target customer's bitcoin journey. These collaborations will range from wearable merchandise, hardware wallets, educational games and more. The Company expects to release more products every few weeks for the remainder of the year.
For more information about the Bitcoin Well points store, please visit the Rewards page in your Bitcoin Well account.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact Adam O'Brien:
Tel: 1 888 711 3866, ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Edmonton, Alberta May 6, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence, today announced financial and operating results for the first quarter ended March 31, 2025.
Key highlights
Financial overview
| For the three months ended, | ||||||||
| March 31, 2025 | March 31, 2024 | |||||||
| Revenue | 31,802,012 | 16,181,120 | ||||||
| Gross Profit | 1,084,450 | 802,811 | ||||||
| Adjusted EBITDA (1) | (354,693) | (430,080) | ||||||
| Net income (loss) | 3,293,498 | (8,124,693) | ||||||
| Total comprehensive loss | (1,436,438) | (1,541,738) | ||||||
Total revenue in the first quarter of 2025 showed a significant 97% increase, reaching $31.8 million compared to $16.2 million in the same period of 2024. This growth was driven by a substantial increase in transaction volumes on both the Online Bitcoin Portal and Bitcoin Well Infinite.
Specifically, the Online segment experienced 111% revenue growth, reaching $15.2 million in Q1 2025, compared to $7.2 million in Q1 2024. Bitcoin Well Infinite also demonstrated strong growth, with a 374% increase in revenue, reaching $11.7 million, compared to $2.5 million in the previous year. This overall growth was partially offset by a decline in ATM sales, which decreased to $4.9 million in Q1 2025 from $6.5 million last year.
Bitcoin Well Founder and CEO Adam O'Brien announced the division of online sales into two separate business units starting in 2025: the Online Bitcoin Portal and the newly established Bitcoin Well Infinite business unit. Bitcoin Well Infinite facilitates large bitcoin transactions ($50,000 and above) for high-net-worth individuals and businesses in Canada, the USA, and internationally.
"We expect the strong revenue growth from both business units to continue throughout 2025," stated Adam O'Brien. "The Bitcoin Well Infinite high touch segment will offer a secure and personalized private banking-style solution with a self custody first approach for clients seeking long-term wealth preservation. With our strategic partnerships we are able to service regions broader than just Canada and the United States and have already facilitated transactions world-wide."
Gross profit for Q1 2025 saw a 35% increase to $1.1 million, compared to $0.8 million in Q1 of the previous year, attributed to higher revenue with the gross margin decreasing to 3.4% from 5.0% last year. This decrease was due to a shift in sales mix, with lower margin online and Bitcoin Well Infinite transactions now making up a larger share than high margin Bitcoin ATM sales.
Despite having a lower gross profit margin than Bitcoin ATMs, both the Bitcoin Portal and Bitcoin Well Infinite are more scalable and have lower expansion costs, making them the preferred business units for growth. Q1 2025 saw a gross margin of 1.5% in the Online Bitcoin Portal segment (compared to 0.7% in Q1 2024) and 1.8% in the Bitcoin Well Infinite segment (compared to 1.7% in Q1 2024).
Net income improved from a loss of $9.8 million in Q4 2024 to a positive $3.3 million in Q1 2025, primarily due to favourable fair value changes related to cryptocurrency loans and realized gains on the disposal of digital assets. Loss before other items saw a slight improvement, decreasing to $1.2 million from $1.3 million in Q1 2024.
Additional information
This news release should be read in concert with the full disclosure documents. The Bitcoin W ell unaudited condensed consolidated interim financial statements and Management Discussion & Analysis for the three months ended March 31, 2025 will be available on the Bitcoin Well website ( www.bitcoinwell.com ), via SEDAR+ ( www.sedarplus.ca ) or can be requested from the Company.
Non-IFRS measures
The Company uses certain terms in this news release, such as ‘Adjusted EBITDA', which does not have a standardized or prescribed meaning under International Financial Reporting Standards (IFRS), and accordingly, these measurements may not be comparable with the calculation of similar measurements used by other companies.
Please refer to the "Non-IFRS Financial Measures" section in the Company's MD&A for applicable definitions, calculations, and rationale for use. Non-IFRS measures are provided as supplementary information by which readers may wish to consider the Company's performance, but should not be relied upon for comparative or investment purposes.
See the table below for a reconciliation of Adjusted EBITDA to net income (loss):
| For the three month ended March 31 | 2025 | 2024 | |||||
| Net income (loss) | $ | 3,293,498 | $ | (8,124,693) | |||
| Financing fees | 705,152 | 644,147 | |||||
| Depreciation | 106,636 | 262,453 | |||||
| Fair value change - crypto loans (1) | (2,253,103) | 7,876,112 | |||||
| Share based compensation | 104,318 | 67,583 | |||||
| Foreign exchange (gain) loss | (16,894) | 121,512 | |||||
| Gain on debt settlement | - | (20,000) | |||||
| Fair value change - crypto inventory | 156,586 | (404,615) | |||||
| Fair value change - convertible debt | 27,557 | - | |||||
| Realized gain on digital assets | (2,478,443) | (852,579) | |||||
| Adjusted EBITDA | $ | (354,693) | $ | (430,080) |
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to statements in respect of: revenue growth from the Online Bitcoin Portal and Bitcoin Well Infinite in 2025; and Bitcoin Well's business plans, strategy and outlook.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including, but not limited to the following: economic and financial conditions, volatility in the capital or credit markets; the level of demand and financial performance of the cryptocurrency and digital asset industry, the occurrence of force majeure events; the extent to which the Company is successful in gaining new long-term users or retaining existing users; developments and changes in laws and regulations, disruptions to the Company's technology network; inability to obtain financing; competitive factors; and such other factors as discussed in the "Risks and Uncertainties" section of the Company's MD&A.
Bitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of the foregoing risk factors and other factors, many of which are beyond the control of Bitcoin Well. Bitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
For more information, see the Note Regarding Forward Looking Statements found in the Bitcoin Well MD&A.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Bitcoin (BTC) was priced at US$118,687, up by 0.8 percent in the last 24 hours. The day's range for the cryptocurrency brought a low of US$117,829 and a high of US$120,689.
Bitcoin price performance, July 18, 2025.
Chart via TradingView
Bitcoin was supported by optimism around US crypto legislation and continued institutional inflows. The US House passed three key bills, including the CLARITY Act, boosting investor confidence. Meanwhile, rumors about Fed Chair Powell’s potential dismissal briefly stirred markets before being denied by the White House.
Analysts at Deutsche Bank pointed to steady ETF inflows, with BlackRock’s IBIT surpassing US$80 billion in AUM, underscoring Bitcoin’s growing role as a mainstream investment.
Ethereum (ETH) was priced at US$3,604.95, up by 7.2 percent over the past 24 hours. Its lowest valuation as of Friday was US$3,382.09 and its highest was US$3,669.85.
The US Congress has passed the first-ever federal law to regulate stablecoins—marking a milestone victory for the digital asset industry.
The bill, formally titled the “Genius Act,” cleared the House this week after earlier winning bipartisan support in the Senate.
It now awaits President Trump’s signature, which would make it the first major digital asset legislation enacted into law in the US. The legislation establishes clear oversight for stablecoin issuers, including requirements for reserve backing, regular audits, and compliance with anti-money laundering and sanctions laws.
Lawmakers argue that such rules are necessary to ensure the safety of a fast-growing market that is pegged to the US dollar but has, until now, operated in a regulatory gray zone.
Stablecoins are used to facilitate trading, payments, and transfers within the crypto ecosystem without the volatility of traditional cryptocurrencies like Bitcoin. Treasury Secretary Scott Bessent recently stated the law could help grow the stablecoin market to US$3.7 trillion by 2030.
Two other bills also passed the House during the so-called “Crypto Week”: one defining which crypto assets are securities or commodities, and another barring the Fed from launching a US central bank digital currency.
These bills will now proceed to the Senate, but the Genius Act's passage alone is already being hailed as a defining moment in the evolution of U.S. crypto regulation.
The global crypto market capitalization has topped US$4 trillion for the first time, spurred by optimism following the US House’s passage of federal stablecoin legislation.
Investors are piling into altcoins and crypto-related equities as momentum builds behind what markets have dubbed “Crypto Week” in Washington. Ether led the charge with a 22 percent jump over five days, while Bitcoin soared to an all-time high of US$123,205 and continues to make up over half of the market’s total value.
The gains reflect increasing confidence that a regulatory framework is finally taking shape in the world’s largest economy.
Analysts predict that the stablecoin sector alone could balloon to US$3.7 trillion by 2030, especially with state and federal guardrails in place. ETF inflows have been particularly strong this month, with US-listed Bitcoin and Ether funds attracting a combined US$8.4 billion in July.
The US House passed the CBDC Anti-Surveillance State Act, effectively banning the Federal Reserve from issuing or piloting a digital dollar without direct approval from Congress.
The move represents growing Republican backlash against central bank digital currencies, or CBDCs, which critics fear could enable state monitoring of financial transactions.
The bill passed on a razor-thin 219–217 vote, marking the third major crypto bill to clear the chamber during Washington’s so-called “Crypto Week.”
Unlike cryptocurrencies like Bitcoin, CBDCs are centralized and government-controlled, raising concerns about programmability and surveillance.
With this vote, the House has now backed legislation on stablecoins, crypto market structure, and CBDCs — a trifecta of digital asset policy initiatives that now await Senate scrutiny.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Bitcoin (BTC) was priced at US$118,036 at the end of the trading day, its highest valuation on Friday and a 4.1 percent increase in the last 24 hours. Earlier on Friday, Bitcoin saw a low of US$116,847.
Bitcoin price performance, July 11, 2025.
Chart via TradingView.
Bitcoin’s surge to a new all-time high of US$118,000 confirms a breakout above key resistance levels.
Glassnode confirms a US$4.4 billion increase in realized cap, indicating real capital inflows rather than just speculative trading. Based on data from the MVRV oscillator over the past four years, market analyst Axel Adler Jr. suggests that Bitcoin could reach approximately US$130,900 when the MVRV ratio hits 2.75, a level historically linked to profit taking and distribution. This would mark a 17 percent increase from current prices.
Some analysts have upside targets as high as US$150,000 in the weeks ahead.
The popular cryptocurrency's rise came as investors cheered bipartisan US Senate passage of the GENIUS Act — a bill that would establish regulatory guardrails for stablecoins. The act would codify requirements for fiat-pegged stablecoins, offering investor protections while legitimizing the sector in the eyes of institutional capital.
Optimism was also supported by a softer US dollar and the Trump administration’s crypto-friendliness.
Bitcoin exchange-traded funds tracking Bitcoin have posted record volumes, drawing billions in net inflows.
Ethereum (ETH) was priced at US$3,001.99, up by 6.6 percent over the past 24 hours and just shy of an earlier peak of US$3,003.01. Its lowest valuation on Friday was US$2,593.05. ETH's recent breakout is supported by bullish indicators suggesting a potential rally to US$3,400 if it can overcome resistance levels.
According to a Friday Bloomberg report citing three people familiar with the matter, cryptocurrency exchange Binance helped write the code behind USD1, the stablecoin issued by World Liberty Financial.
World Liberty Financial is one of the crypto businesses tied to US President Donald Trump and his family.
The report cites Abu Dhabi-based investment firm MGX's announcement of a US$2 billion investment in Binance on March 12 using a then-unnamed stablecoin. Later, in May, co-founder Eric Trump said that the company would settle the investment using USD1, which was minted on the BNB chain on March 24.
The report found that 90 percent of the USD1 coins used in that transaction were still in Binance’s wallets as of Friday, where they are potentially generating tens of millions of dollars in interest for Trump and his family.
The report comes with three stablecoin bills poised for Congressional hearings and votes next week. Members of Congress have been divided over certain aspects of the legislation, with Trump’s financial ties to the industry a topic of scrutiny across the political spectrum and among various stakeholders in the financial and crypto communities.
Changpeng Zhao, former CEO of Binance, served four months in federal prison after pleading guilty to one felony count of violating anti-money laundering laws as part of a settlement with US authorities in 2023.
In May, Zhao said he was seeking a presidential pardon from Trump. In response to the new report, Zhao denied Binance’s involvement with World Liberty Financial, as well as the purchase of any World Liberty Financial coins.
A little-known group called Aqua 1 Foundation became the largest public investor in World Liberty Financial's crypto token $WLFI, buying US$100 million worth of the token in late June.
According to Reuters, though the foundation says it is based in the United Arab Emirates, public records offer no clarity on the group’s financial backers or its supposed founder Dave Lee.
The token purchase directly benefits the Trump family, which reportedly receives 75 percent of all $WLFI proceeds; the family’s estimated crypto earnings have now topped US$500 million.
While Aqua 1 said in a brief statement it was backed by "mission-aligned partners," it declined to offer transparency on its structure, citing privacy. US ethics experts have raised concerns over potential conflicts of interest, despite the White House stating Trump’s assets are in a trust managed by his children.
World Liberty and Trump Media & Technology Group (NASDAQ:DJT) did not respond to press inquiries.
Hive Digital Technologies (TSXV:HIVE,NASDAQ:HIVE) opened higher on Friday after the company announced a milestone hashrate of 12 exahashes per second (EH/s), effectively doubling its output since the beginning of the year.
The company anticipates further scaling its operations to achieve 18 EH/s.
This increase in hashrate is already generating over US$250 million in annualized revenue for HIVE Digital. Projections indicate this figure could rise to US$400 million once the 18 EH/s hashrate is achieved.
“We’re building high-performance campuses at hyper speed, turning Paraguay into a global hub for sustainable Bitcoin mining data centers and laying the groundwork for the AI data center era now soaring,” said Frank Holmes, co-founder and executive chair of HIVE, in a press release.
HIVE’s rapidly expanding operations in Paraguay, a region strategically chosen for its abundant and affordable hydroelectric power, are a major driver of its growth and a focal point for the company’s future.
Beyond the technological advancements and production increases, the company is also committed to making a difference in the local communities. “We’re not just building data centers — we’re creating economic opportunity, delivering social impact by lighting the streets of Valenzuela at night and installing air conditioning in local grade schools, and developing digital infrastructure on a scale few thought possible,” said Gabriel Lamas, HIVE’s country president.
The European Securities and Markets Authority (ESMA) warned crypto platforms against blurring the distinction between regulated and unregulated products under MiCA, the EU’s new crypto framework.
ESMA said many crypto firms are offering both compliant and non-compliant services on the same platform, creating investor confusion and undermining MiCA's consumer protections. Under MiCA, only firms licensed as crypto asset service providers are allowed to market specific financial products across the EU.
However, direct investments in commodities or crypto lending still fall outside the scope of those protections. ESMA also criticized some firms for using their regulated status as a marketing tactic to legitimize riskier services.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Bitcoin's (BTC) price peaked at US$111,744 as the market wrapped, a 2.7 percent increase in the last 24 hours. The day's range for the cryptocurrency also brought a low of US$108,644.
Crypto analyst TradingShot believes Bitcoin may not experience another rally this cycle, despite projections exceeding US$160,000. This assessment is based on Bitcoin's historical four year patterns.
According to TradingShot, Bitcoin has not broken out of its current upward channel to trigger the explosive rallies seen in 2017 and 2021. If the four year cycle holds, time is running out for such a breakout.
Ethereum (ETH) is priced at US$2,772.50, up by 6.3 percent over the past 24 hours. On Wednesday, the cryptocurrency hit a low of US$2,635.74 before rallying to finish the day at its peak, mirroring a broader market trend.
Bitcoin price performance, July 9, 2025.
Chart via TradingView.
The US Senate Banking Committee held a hearing on Wednesday dubbed "From Wall Street to Web3" to discuss proposed legislation regarding digital assets, including the Clarity Act.
Massachusetts Democrat Elizabeth Warren, a longtime crypto critic, said she is in favor of laws regulating digital assets that strengthen the financial system in the US, but criticized aspects of the Clarity Act that she said would allow non-crypto companies to “put their stocks on the blockchain," evading US Securities and Exchange Commission guidelines.
“That is a serious problem for our country,” she warned.
Ahead of the hearing, Warren sent a statement to analytical publication the Block, accusing Republicans of enabling “industry handouts” to crypto lobbyists. Other vocal critics of the bill include New York Attorney General Letitia James and the ranking member of the House Financial Services Committee Maxine Waters.
Both she and Warren have questioned the ethics of US President Donald Trump’s business ties to the industry. At the hearing, former chief White House ethics lawyer Richard Painter, who was invited to speak by Warren, said:
“We cannot have the people who are in charge of passing legislation and enforcing legislation, implementing legislation, have conflicts of interest with their official responsibilities. You should be divesting from crypto if you’re going to be regulating crypto.”
Lawmakers are now facing a September 30 deadline to define cryptocurrencies, address Trump's crypto interests and finalize industry rules.
Transak, a Web3 onboarding infrastructure provider allowing users to buy and sell digital assets using traditional payment methods, officially integrated Ripple’s US-dollar pegged stablecoin, RLUSD.
The move expands the token’s reach to 8.3 million additional users across 64 countries.
“Transak has always strived to make finance truly accessible and that includes bringing on assets like RLUSD that balance blockchain ethos with compliance requirements,” said Sami Start, CEO and co-founder of Transak.
“With this integration, users gain access to one of the most thoughtfully designed stablecoins in the market, now available through a seamless and trusted fiat-to-crypto experience.”
The news was announced the same day Ripple chose Bank of New York Mellon to custody its USD reserves. This move by a traditional financial giant lends significant institutional credibility to Ripple's stablecoin, which was built as an enterprise-grade stablecoin to improve the efficiency of cross-border transactions.
“As primary custodian for RLUSD, we’re proud to support the growth of digital assets by providing a differentiated platform, designed to meet the evolving needs of institutions in the digital assets ecosystem,” said Emily Portney, global head of asset servicing at Bank of New York Mellon.
South Korea’s Ministry of SMEs and Startups announced Wednesday that it will lift current restrictions preventing crypto-related businesses from qualifying as venture companies. Firms in the virtual asset sector are currently restricted in their eligibility for various tax breaks and financial support due to crypto regulations implemented last year.
However, the minister said that the proposed amendment reflects “a shift in perception” regarding the industry.
“It is expected that the virtual asset business operators based on new technologies with innovation and business viability will be newly recognized as venture companies, and existing venture companies will also be able to promote virtual asset-related businesses,” the statement explains, “which will lead to the activation and expansion of the venture ecosystem and promote the fostering of the virtual asset industry.”
This change will be supported by the establishment of “legal and institutional safeguards” designed to protect users. Public comments on the proposal will be accepted by the ministry until August 18.
Tether, the issuer behind the world’s largest stablecoin, USDT, has disclosed it holds nearly 80 metric tons of gold worth US$8 billion in a private Swiss vault, according to a Bloomberg report.
The company, which manages over US$159 billion in circulating stablecoins, says most of the gold is directly owned by Tether, making it one of the world’s largest private gold holders outside of sovereign institutions.
CEO Paolo Ardoino confirmed the gold is stored in a highly secure location in Switzerland, though he declined to disclose the exact facility for safety reasons.
The firm also operates a gold-backed token called XAUT, with each coin redeemable for one ounce of physical gold.
Tether's increasing exposure to gold comes amid rising demand for safe-haven assets and ongoing concerns about US debt sustainability. However, new regulations in the US and EU may force the company to divest gold from USDT’s reserves if it seeks formal approval in those markets.
Trump Media & Technology Group (NASDAQ:DJT) has filed to launch its third crypto-focused exchange-traded fund (ETF) under the Truth Social brand. Called the “Crypto Blue Chip ETF," the fund will aim to allocate 70 percent to Bitcoin, 15 percent to Ether and the remainder to Solana, Cronos and XRP.
This marks the latest move by the Trump-affiliated media company to expand its crypto investment footprint following two prior filings focused more narrowly on Bitcoin and Ether.
The ETF is set to trade on NYSE Arca, and is being developed in partnership with Crypto.com.
The company had earlier disclosed plans to raise US$2.5 billion to directly acquire Bitcoin. While Trump Media shares rose nearly 3 percent on the day of the announcement, it remains down over 40 percent year-to-date.
Chipmaker Sequans Communications (NYSE:SQNS) saw its share price jump 43 percent after announcing a major pivot to a Bitcoin-based treasury reserve strategy. The firm raised US$384 million through equity and debt instruments to begin acquiring Bitcoin as a long-term corporate asset, emphasizing Bitcoin’s scarcity and independence from central banks as reasons behind the move and its potential to strengthen the company’s financial footing.
More than 40 institutional investors backed the fundraising, including convertible debentures and warrants that could bring in another US$57 million. The company plans to allocate future cash flows toward Bitcoin purchases.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Legislative initiatives, policy shifts and infrastructure developments have moved at a dizzying pace, and the ongoing integration of traditional finance with decentralized technologies has driven credibility and institutional engagement.
Looking ahead, continued adoption of digital assets is slated to reshape the global financial landscape fundamentally.
Q2 highlighted a maturing market that can absorb shocks while maintaining focus on long-term growth.
While scrutiny of officials’ crypto dealings, including those of US President Donald Trump and his family, kept headlines lively, the broader trend was one of increased credibility.
Early in the quarter, trade tensions between the US and China, combined with ongoing concerns that tariffs will lead to an economic fallout, dampened investor sentiment and weighed on risk assets.
However, investor confidence in Bitcoin was evident in its resilience. After a slide to around US$76,000 at the start of April, it reached the US$90,000s mid-month, before hitting a new all-time high of US$111,000 on May 22.
Institutional accumulation and clearer regulatory signals backed this sentiment, exemplified by the US Securities and Exchange Commission’s (SEC) approval of rule changes allowing Ether exchange-traded fund (ETF) options.
The SEC also updated its guidance on crypto company disclosures, while US President Donald Trump signed a resolution repealing the IRS’s DeFi broker rule. Closing off the quarter, the Federal Housing Finance Agency directed mortgage backers Fannie Mae and Freddie Mac on June 25 to propose single-family mortgage loan risk assessments that consider cryptocurrency on US-regulated exchanges as reserve assets.
These policy shifts were accompanied by surging investor interest in tokenized assets, including tokenized gold — with PAXG and XAUt hitting US$1.54 billion in market cap — and RWA products, particularly within real estate. Momentum was further extended into stablecoin yield products and new ETF filings.
A US$300 million large-scale infrastructure deal between global financial group Macquarie (ASX:MQG) and Bitfarms (TSX:BITF,NASDAQ:BITF) for a high-performance computing center exemplified the growing confidence among fintechs in the long-term viability of digital assets. This growing confidence was further underscored by Robinhood's (NASDAQ:HOOD) expansion of its crypto footprint, notably with the early June acquisition of Bitstamp.
Combined, these events demonstrated growing market confidence in crypto's future.
Meanwhile, Ripple’s acquisition of global prime broker Hidden Road signaled a new phase in TradFi-DeFi integration, accompanied by the Fed’s easing of restrictions on banks’ crypto exposure.
The Office of the Comptroller of the Currency's clarification allowing banks to trade and outsource crypto operations signaled that US regulators increasingly view crypto infrastructure as critical to modern financial services.
Reports of Circle (NYSE:CRCL), BitGo, Coinbase Global (NASDAQ:COIN) and Paxos exploring bank charters further underscored the convergence of TradFi and DeFi, as did Coinbase's US$100 million credit facility to Riot Platforms (NASDAQ:RIOT); this type of structured financing is typically reserved for banks.
Further solidifying this trend, Stripe finalized a deal to acquire Privy, bringing crypto wallet infrastructure in-house and underscoring how fintech leaders are embedding digital asset rails into their core platforms.
Coinbase also acquired derivatives marketplace Deribit, a US$2.9 billion investment, part of a broader move to dominate digital asset infrastructure and market access. In the retail space, investor exposure widened through Galaxy Digital (NASDAQ:GLXY) and Circle’s Wall Street debut.
Policy also evolved. The GENIUS Act, a legislative companion to the STABLE Act, advanced in the Senate, proposing guardrails for stablecoins while carving out flexibility for banks to issue tokenized deposits, while crypto reserve legislation advanced in New Hampshire, Texas and Arizona.
Still, operational risks remained. A US$223 million exploit hit the Cetus protocol, and Coinbase suffered a US$20 million ransomware attack, reminders that digital assets remain a high-stakes environment.
Further regulatory clarity is expected in Q3, clearing the way to enable more use cases and a deeper integration between DeFi and TradFi. House Republicans are prioritizing the swift enactment of comprehensive stablecoin legislation, aiming to unify the Senate’s GENIUS Act and the House’s STABLE Act.
Meanwhile, the CLARITY Act, which has a broader focus on establishing a general market structure for all digital assets, is positioned for a vote in the House of Representatives after clearing two committees.
Regulators on the SEC’s Crypto Task Force are considering a conditional exemptive order to allow crypto firms to bypass certain broker-dealer, clearing agency and exchange registration requirements. The nuances of regulated staking activities are still being worked out, especially regarding how they apply to specific products like ETFs.
On the retail front, tokenization momentum shows no sign of slowing. A discussion group on RWAs at Consensus agreed that the resurgence of tokenization is largely driven by the utility and functionality it provides to assets.
Beyond efficiency, Carlos Domingo, co-founder and CEO of Securitize, added that tokenization brings assets with intrinsic, real-world value onto the blockchain, allowing new financial applications and broader access to those holdings.
Polymath CEO Vince Vadar told the Investing News Network that Canadian regulators are also leaning in on tokenization frameworks. The company’s Polymesh blockchain has already been used to tokenize C$50 million in real estate via its partner, Okra, and it expects to track C$4 billion in assets on-chain over the next 18 months.
“Now we're seeing more large-scale production,” he explained.
“We're seeing (things) like precious minerals coming up, and we're seeing commodities and other equities, a lot of startups that want to tokenize and use platforms like ours to tokenize their cap tables.”
At Consensus, Arthur Breitman, co-founder of Tezos, explained that his platform, uranium.io, enables the trading of physical uranium using a token, xU3O8, which allows for fractional ownership of a commodity that trades over-the-counter for roughly US$4 million. “Typically, uranium will look at pounds, but you can buy a fraction of a token. So really, you can buy a few cents of xU308,” he told the audience during his presentation.
Additionally, crypto infrastructure development by major fintechs and traditional finance entities, coupled with new public market entrants, could broaden investment opportunities.
For Q3, investors will be monitoring key publicly traded players such as Robinhood, fresh off its Bitstamp acquisition, as well as new Wall Street newcomers Circle and Galaxy Digital.
In the mining and compute infrastructure sector, CoreWeave (NASDAQ:CRWV) is in advanced talks to acquire Core Scientific (NASDAQ:CORZ), marking a move to merge compute-intensive infrastructure with mining operations, driven by crossover demand from AI and crypto sectors.
Beyond dedicated crypto firms, Strategy (NASDAQ:MSTR) and Japan’s Metaplanet (TSE:3350,OTCQX:MTPLF) added substantially to their crypto holdings in Q2, with no signs of slowing down.
For Bitcoin, price projections for Q3 range between a new resistance level around US$120,000 and support at US$75,000. ARK Invest increased its Bitcoin price forecast for 2030 from US$1.5 million to US$2.4 million in Q2, citing growing institutional interest and Bitcoin's expanding role as “digital gold."
These developments suggest Q3 will may continue building on the credibility and utility that defined Q2. With regulation advancing, institutional rails expanding and tokenization gaining real-world traction, digital assets are increasingly seen not as a parallel world to the world of finance, but as the next evolution of it.
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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: xU3O8 (uranium.io) is a client of the Investing News Network. This article is not paid-for content.
The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Bitcoin (BTC) is priced at US$108,159, a 0.3 percent decline in the last 24 hours. The day's range for the cryptocurrency brought a low of US$107,591 and a high of US$108,551.
Bitcoin price performance, July 7, 2025.
Chart via TradingView.
Bitcoin hovered near US$109,000 at the start of the day as investors shifted from equities to crypto in response to tariff-related uncertainty under US President Donald Trump.
Meanwhile, MicroStrategy's (NASDAQ:MSTR) paused its weekly Bitcoin purchases for the first time since March, signaling a strategic reassessment amid recent volatility. Together, macro pressures and institutional moves helped support Bitcoin’s price.
Ethereum (ETH) is priced at US$2,546.07, up by 0.2 percent over the past 24 hours. Its lowest valuation as of Monday was US$2,521, and its highest was US$2,553.
CoreWeave (NASDAQ:CRWV) signed a definitive agreement to acquire Core Scientific (NASDAQ:CORZ) in an all-stock deal valued at US$9 billion. Core Scientific shareholders will receive 0.1235 shares of CoreWeave Class A common stock for each share of Core Scientific, representing a 66 percent premium over Core Scientific's June 25 closing price.
The deal had been in the works for over a year. A US$1 billion bid made by CoreWeave in 2024 was initially rejected as too low, but the Wall Street Journal reported in June that discussions between the two companies had resumed.
“This acquisition accelerates our strategy to deploy AI and (high-performance computing) workloads at scale,” said Michael Intrator, CoreWeave's CEO, Chair and co-founder.
“Verticalizing the ownership of Core Scientific’s high-performance data center infrastructure enables CoreWeave to significantly enhance operating efficiency and de-risk our future expansion.”
The US Securities and Exchange Commission (SEC) took a major step toward regulating crypto exchange-traded products with its first formal guidance on crypto ETP disclosures, according to Reuters analysis.
Issued last week, the 12 page document issues new guidance, stating firms should describe risks and custody arrangements in “plain English.” The document could speed up approval of dozens of new crypto ETFs tied to a variety of coins, including Solana, XRP and even Trump’s meme coin, Reuters states.
Anonymous insiders told Reuters the SEC is also developing a more standardized listing rule to replace the case-by-case exemptions that currently delay launches. That change could shrink approval timelines from 240 days to as little as 75.
Elon Musk confirmed that his newly formed America Party will officially embrace Bitcoin after declaring that “fiat is hopeless” in a post on X. The move follows Musk’s earlier hints at increasing his own Bitcoin exposure and praising Bitcoin as a hedge against traditional currency.
Musk was a significant figure in Trump’s reelection campaign and even headed the Department of Government Efficiency before splitting with Trump over his budget bill and creating the America Party.
The shift could inject more digital asset discussions into US politics as Musk tries to build a third-party movement.
Despite hype from Dogecoin supporters, no plans for DOGE adoption were announced.
Japan’s Metaplanet (OTCQX:MTPLF,TSE:3350) disclosed this week that it has purchased another 2,205 BTC at an average price of 15.64 million yen per coin, spending around US$213 million.
This purchase brings the firm's total Bitcoin holdings to 15,555 BTC, making Metaplanet one of the world’s largest corporate holders of the asset. The company tracks a proprietary metric called BTC Yield, measuring the effect of share dilution on per-share Bitcoin value.
For the second quarter, Metaplanet reported a BTC yield of 95.6 percent, down from 309.8 percent the previous quarter, but still strong enough to highlight aggressive growth.
Metaplanet’s total BTC investment now tops US$1.38 billion.
The Blockchain Group (EPA:ALTBG) and Smarter Web Company (AQSE:SWE) have expanded their Bitcoin holdings.
In a Monday announcement, France’s The Blockchain Group said it acquired 116 BTC for about 10.7 million euros, bringing its total holdings to 1,904 BTC. For its part, the UK's Smarter Web Company announced the purchase of 226.42 BTC for 17.9 million pounds, bringing the company’s total to 1,000 BTC.
Digital asset firm Bit Digital (NASDAQ:BTBT) has shifted its corporate treasury from Bitcoin to Ether, according to an announcement made by the company on Monday.
The change was punctuated by a purchase of more than 75,000 ETH tokens, funded by the sale of 280 Bitcoin and proceeds raised during a recent public offering that brought in US$172 million.
According to the announcement, Bit Digital held 24,434 ETH prior to the offering, and the additional ETH acquisition has brought the company’s total to approximately 100,603 ETH. This move establishes Bit Digital as the second-largest corporate holder of ETH after Coinbase Global, as per CoinGecko data. Following this news, Bit Digital's stock closed over 18 percent higher, and its market cap temporarily rose above US$1 billion.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Bitcoin (BTC) is priced at US$108,948, down by 1.6 percent in the last 24 hours. The day's range for the cryptocurrency brought a low of US$107,741 and a high of US$109,997.
Bitcoin price performance, July 4, 2025.
Chart via TradingView.
Bitcoin’s rally to US$108,000 followed strong US labor data that boosted risk appetite early on, alongside continued inflows into Bitcoin spot ETFs (nearly US$50 billion), which helped anchor prices despite broader equity market pullbacks.
Market watchers also noted heightened volatility following the reactivation of two long-dormant Bitcoin wallets containing roughly 20,000 BTC (worth over US$2 billion), raising questions about potential future dumping.
Ethereum (ETH) is priced at US$2,549.85, down by 2.7 percent over the past 24 hours. Its lowest valuation on Wednesday was US$2,502.39 and its highest was US$2,600.55.
US President Donald Trump’s flagship Big Beautiful Bill, featuring sweeping tax cuts, narrowly passed the House of Representatives on July 3 with a 218 to 214 vote and now awaits his signature.
Elon Musk criticized the bill for potentially inflating the deficit by trillions, while Trump suggested Musk’s criticism stemmed from policy clashes on EV incentives.
Coinbase Global (NASDAQ:COIN) CEO Brian Armstrong also raised concerns that a ballooning debt could paradoxically fuel Bitcoin’s status as a reserve asset.
Bitcoin traded near US$109,886 after the news, with other leading coins including Ethereum and Solana also posting gains. The total crypto market cap climbed to US$3.39 trillion following the vote.
A major redistribution of Bitcoin is underway as long-time holders of large amounts of Bitcoin have sold off around 500,000 Bitcoin over the past year, worth more than US$50 billion at current prices.
According to a Bloomberg report, these sales are being absorbed almost equally by institutional buyers, including spot ETFs and corporate treasuries. That pattern is turning Bitcoin from a high-volatility speculative bet into a steadier institutional portfolio allocation. Despite consistent positive news for crypto in recent months, the asset has struggled to break through resistance around US$110,000, showing a consolidation phase.
Some of the whales cashing out are early holders dating back to Bitcoin’s earliest cycles, Bloomberg reports, who are swapping Bitcoin for stock-linked deals instead of simply liquidating.
State-owned Russian conglomerate Rostec is moving to launch a ruble-pegged stablecoin called RUBx and a payments network named RT-Pay before year-end, according to Russian state media.
The stablecoin will be anchored one-to-one with ruble deposits held in treasury accounts, and its code will be independently audited by CertiK. RT-Pay will integrate directly with Russia’s banking system, aiming for instant settlement and smart contract functionality even outside business hours.
Rostec says its platform will follow Russia’s anti-money-laundering and terrorism-financing requirements, in line with the Bank of Russia’s rules.
The stablecoin will run on the Tron blockchain, with its smart contract code to be published on GitHub.
Coinbase’s Layer 2 network Base has lost significant traction this year, registering US$4.3 billion in net outflows through cross-chain bridges, data shows.
This downturn is a sharp reversal from the US$3.8 billion of inflows Base attracted in 2024, when it led the sector in bridge activity. Meanwhile, Ethereum has staged a comeback, seeing US$8.5 billion in inflows compared to net outflows last year.
The slowdown in stablecoin supply growth on Base, now holding steady above US$4 billion since May, points to a maturing user base and declining trading volumes.
Bridges are key pieces of crypto infrastructure that allow assets to move between chains, supporting interoperability.
Hong Kong-based chipmaker Nano Labs (NASDAQ:NA) has made its first major move in an ambitious plan to hold up to 10 percent of Binance Coin (BNB) in circulation, snapping up US$50 million of BNB this week.
The company disclosed buying around 74,315 BNB at an average price of US$672, funded partly by convertible notes.
Nano Labs ultimately plans to allocate US$1 billion to BNB holdings, signaling a vote of confidence in Binance’s ecosystem. However, its shares fell nearly 5 percent on Thursday and lost another 2 percent after hours, reflecting investor worries about its exposure to volatile crypto reserves.
Nano Labs’ reserves, including Bitcoin, now stand around US$160 million in total.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
