US and UK Launch Digital Assets Task Force as BitMine Tops Global Ethereum Treasury With $11.4 Billion Holdings

Strive to Acquire Semler Scientific in All-Stock Deal, Adds 5,816 Bitcoin for $675 Million as Combined Holdings Top 10,900 BTC

Strive, Inc. announced an all-stock acquisition of Semler Scientific at a 210% premium, valuing Semler at about $90.52 per share. Each Semler share will convert into 21.05 Strive Class A shares. Alongside the deal, Strive purchased 5,816 BTC for $675 million at an average of $116,047, raising its total holdings to 5,886 BTC. Post-merger, the combined company will hold over 10,900 BTC and plans to expand Semler’s diagnostics business into preventative healthcare. Strive will maintain its board and management, with Semler’s Executive Chairman joining the board. The merger aims to position the new entity as one of the fastest-growing corporate Bitcoin holders with a “preferred equity only” leverage model, avoiding debt maturity risks.

Strategy Buys 850 Bitcoin for $100 Million, Lifting Total Holdings to 639,835 BTC Worth $72 Billion

Strategy (formerly MicroStrategy) purchased 850 BTC for $99.7 million at an average price of $117,344, bringing its total holdings to 639,835 BTC worth about $72 billion. Funded through sales of Class A stock and perpetual preferred shares, the acquisitions are part of the company’s expanded $84 billion “42/42” capital raise plan for Bitcoin purchases through 2027. Strategy now owns more than 3% of Bitcoin’s total supply with roughly $25 billion in paper gains. Despite being excluded from the S&P 500, the firm remains the world’s largest Bitcoin treasury company, trading at a $98 billion market cap, above its net asset value. Executive chairman Michael Saylor continues to push for Bitcoin reserve adoption, recently joining lawmakers to discuss potential U.S. government accumulation of 1 million BTC.

China CSRC Asks Brokerages to Halt RWA Tokenisation in Hong Kong Amid Surging Digital Asset Frenzy

China’s securities regulator has informally instructed several domestic brokerages to pause real-world asset (RWA) tokenisation activities in Hong Kong, reflecting Beijing’s caution over the rapid growth of offshore digital asset markets. The guidance, aimed at ensuring risk management and legitimacy of claims, comes as Hong Kong seeks to establish itself as a digital assets hub, with 77 firms already showing interest in its new stablecoin regime. The global RWA market, valued at $29 billion, could exceed $2 trillion by 2030. The move follows China’s earlier restrictions on stablecoin research and its 2021 ban on crypto trading and mining.

BitMine Becomes World’s Largest Ethereum Treasury With $11.4 Billion Holdings, Controlling Over 2% of ETH Supply

BitMine Immersion Technologies announced total holdings of $11.4 billion, consisting of 2.42 million ETH valued at $10.9 billion, 192 BTC, $175 million in “moonshot” equity investments, and $345 million in cash. The company is now the world’s largest Ethereum treasury, controlling over 2% of ETH supply, and ranks as the second-largest global crypto treasury behind Strategy Inc. BitMine’s chairman, Thomas Lee, said the firm aims to accumulate 5% of Ethereum supply, positioning Ethereum as a transformative macro trade for the next decade. With daily trading volume averaging $3.5 billion, BitMine has become one of the most heavily traded US stocks, ranking 24th overall.

US and UK Form Transatlantic Task Force on Digital Assets, Report Due in 180 Days

The US Treasury Department and UK HM Treasury have launched a joint transatlantic task force to coordinate on digital asset regulation and innovation. Operating under the UK-US Financial Regulatory Working Group, the “Transatlantic Taskforce for Markets of the Future” will deliver recommendations within 180 days, focusing on crypto laws, stablecoins, and wholesale digital markets. The move follows a meeting between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent, attended by crypto industry leaders including Coinbase. While the UK aims to balance innovation with fraud prevention, the US has signaled interest in scaling back regulation and exploring pathways for building a Bitcoin reserve.