35 Public Firms Hold 1,000+ BTC as Whale Sells 80,000 BTC via Galaxy in $9.3B Move

35 Public Companies Now Hold Over 1,000 BTC Each as Institutional Bitcoin Adoption Accelerates

Corporate adoption of Bitcoin is surging, with 35 publicly traded companies now each holding at least 1,000 BTC—up from 24 in Q1 2025—according to Fidelity’s Chris Kuiper. This marks a 35% quarter-on-quarter increase in corporate Bitcoin acquisitions, totaling 134,456 BTC in Q2. The US leads globally with 94 public Bitcoin-holding entities, followed by Canada and the UK. The trend coincides with Bitcoin surpassing Amazon’s $2.3 trillion market cap and reaching new levels of institutional engagement, as evidenced by record-high open interest in BTC futures. The shift comes just months after a Trump executive order outlined plans for a federal Bitcoin reserve.

Former BlackRock Digital Assets Head Joins SharpLink as Co-CEO to Scale $1.3B Ethereum Treasury Strategy

Joseph Chalom, who led BlackRock’s digital asset strategy and helped launch its Bitcoin and Ethereum ETFs, has joined Ethereum-focused public company SharpLink Gaming as co-CEO. Chalom called Ethereum the future foundation of global finance and aims to expand SharpLink’s ETH treasury, which now exceeds 360,000 ETH valued at over $1.3 billion. SharpLink plans to raise up to $6 billion to fuel further ETH acquisitions, using staking and restaking strategies to generate yield. Chairman Joseph Lubin hailed Chalom’s appointment as a major validation of the firm’s Ethereum-centric vision. Shares of SharpLink (SBET) fell over 6% today, extending a five-day decline of more than 31%.

Dragonfly Capital Faces Potential DOJ Charges Over Tornado Cash Investment, Vows Legal Fight

Dragonfly Capital may face federal charges over its 2020 investment in Tornado Cash developer PepperSec, Inc., following new signals from prosecutors during the ongoing trial of developer Roman Storm. Managing partner Haseeb Qureshi defended the firm’s decision, citing legal counsel that had assured compliance at the time. Qureshi called any future charges “outrageous” and said Dragonfly is prepared to “vigorously defend” itself. Tornado Cash, an open-source crypto mixer, was sanctioned by the U.S. Treasury in 2022 for allegedly enabling money laundering and cybercrime. Despite sanctions, it saw $1.9 billion in deposits during the first half of 2024.

Early Bitcoin Whale Sells 80,000 BTC via Galaxy Digital in $9.3B Real Estate Strategy, Market Absorbs Entire Sale

An anonymous early Bitcoin investor has sold 80,000 BTC—worth over $9.3 billion—through Galaxy Digital, marking one of the largest notional crypto transactions in history. Galaxy confirmed the deal as part of the seller’s broader real estate planning, without disclosing timing or execution price. Blockchain data from Lookonchain links the sale to a dormant wallet that transferred coins to Galaxy in mid-July. Despite a brief dip below $115,000 on the day of the announcement, Bitcoin quickly recovered above $117,000, with analysts noting the massive sell-off was fully absorbed by the market.