Strategy Adds 21,021 BTC With $2.52B Raise as ETH Treasuries Near 2% Supply, Standard Chartered Eyes 10% Target

Ethereum Treasuries Amass $9B in ETH, Now Hold Nearly 2% of Supply as Institutions Eye 10% Target

In just two months, Ethereum treasury firms have acquired nearly 2% of all ETH in circulation—worth close to $9 billion—outpacing Bitcoin treasury growth. Standard Chartered’s Geoff Kendrick sees potential for ETH treasury holdings to grow tenfold, citing staking rewards and DeFi utility as key draws. BitMine and SharpLink lead the charge with $2 billion and $1.3 billion in ETH holdings, respectively. However, analysts at Bernstein caution that liquidity and smart contract risks pose challenges. Despite the risks, ETH’s price hovers near $3,861 with rising trading volume and ongoing institutional interest.

Bitmain to Launch First U.S. Mining Rig Facility in 2026, Eyes Texas or Florida Amid Geopolitical Pressure

Bitmain, the dominant producer of Bitcoin mining hardware, will open its first U.S.-based assembly facility in early 2026, likely in Texas or Florida, according to Bloomberg. The company plans to hire 250 local workers and reduce dependence on Asian manufacturing amid U.S. trade tensions and tech blacklisting. The move follows calls by President Trump to bring Bitcoin production onshore and comes as U.S. Customs scrutiny and Commerce Department sanctions complicate Chinese tech imports. While higher labor costs are expected, Bitmain sees faster delivery and repair times as key benefits. Regulatory uncertainty remains around whether crypto mining gear will face AI chip-style export restrictions.

Strategy Raises $2.52B in Largest U.S. IPO of 2025, Buys 21,021 Bitcoin at $117K Each, Now Holds 628,791 BTC

Strategy (formerly MicroStrategy) completed a $2.52 billion IPO of its STRC preferred stock, marking the largest U.S. IPO of 2025. The company used the proceeds to purchase 21,021 Bitcoin at an average price of $117,256, boosting its total holdings to 628,791 BTC—acquired at a cumulative cost of $46.8 billion. The STRC offering is the first U.S.-listed perpetual preferred stock from a Bitcoin treasury firm and introduces a yield-focused, short-duration structure. Trading under the ticker STRC begins July 30 on Nasdaq, with Morgan Stanley and Barclays among the lead underwriters. Strategy now has four Nasdaq-listed securities, all part of its capital strategy to fund continued BTC accumulation.

eToro Launches Tokenized Trading for U.S. Stocks and Futures via Ethereum, Cites MiCA and Genius Act

Trading platform eToro has announced the rollout of tokenized trading for U.S. equities, ETFs, and futures using ERC-20 tokens on Ethereum. CEO Yoni Assia said the move is enabled by regulatory milestones like MiCA in Europe and the Genius Act in the U.S., which open the door to legally backed digital assets. The initiative, in collaboration with CME Group, aims to offer 24/7 trading access and builds on eToro’s earlier tokenized gold and silver products. While retail traders outside the U.S. can access tokenized stocks like Tesla and Apple, the SEC has yet to clarify its stance. Citadel Securities has urged the regulator to treat tokenized assets as traditional securities, as firms push for broader adoption.

SEC Approves In-Kind Creations and Redemptions for Bitcoin and Ether ETPs, Expands Crypto Product Access

The SEC has approved in-kind creation and redemption for crypto asset ETPs, marking a shift from the cash-only model used for previously approved spot Bitcoin and Ether ETFs. This move aligns crypto ETPs with standard commodity-based fund practices and is expected to reduce costs and improve efficiency. SEC Chair Paul Atkins called it a key milestone in building a comprehensive crypto regulatory framework. The Commission also approved orders for mixed BTC/ETH ETPs, BTC options, FLEX options, and raised position limits to 250,000 contracts for certain BTC ETPs. The decision is seen as a step toward a more dynamic and investor-friendly crypto market.