In short
- The Bitcoin holdings of $ 70 billion of MicroSstratey are spread over 9 potential preservators, including Coinbase, Bitgo and Fidelity, but the exact distribution remains confidential under SEC Rule 83.
- Coinbase and micro strategy are increasing this week on Stock records as crypto markets, although micro strategy has since retired while Coinbase continues to rise.
- Several companies launched or grew their crypto treasuries, with a bit origin that yielded $ 500 million for Dogecoin, Sharplink expanded to $ 6b for Ethereum and e-bike maker Volcon planning $ 500m for Bitcoin.
Public Keys is a weekly roundup of Decrypt That follows the most important listed crypto companies.
This week: we dig up in whom exactly the Bitcoin billions of strategy, both coinbase and strategy, holds stock records, and more companies make crypto -treasury movements.
Custody Short List
There is no public list of custodians who holds $ 70 billion in Bitcoin for $ 70 billion. But there is strong evidence that the SEC knows.
And strategy has said enough in public archives that we could Together a short List of potential preservators.
Strategy seems to have told the sec who his bitcoin in one 2023 Comment into an investigation by the regulator. At the time, the industry was still staggered FTX’s collapse and the resulting infection That followed. And, more importantly, Silvergate Bank – that in 2022 Lent strategy $ 205 million To buy more Bitcoin and to keep 34,619 BTC as collateral – had alone Closed.
The SEC Early Strategy-Point-Blank who uses it as preservators, and strongly hinted that it was worried about the BTC that was held in Silvergate. Answered strategy, but invoked Sec line 83 To keep his list out of the public domain. But what said, the list limits to 9 companies: Bitgo” Coinbase” Gmoz.com” Fidelity” Baking” Twin” Not” PaxosAnd Standard guardianship and trust company.
It is sufficient to say that the strategy has still not responded to a request from Decrypt To comment on this.
Mint and MSTR -records
Coinbase and strategy have been broken Record Highs This week, thanks to a cryptomarkt that is suddenly flooded in fresh money.
In the course of the week, Coin became several high price brands, while analysts pointed to the increase in trade volume, the inflow of ETF-related intake and new guardianship agreements as a steel wind. Now the company has done it again to end the week and end up on a new final peak of $ 419.78 on Friday after reaching a new intraday peak of $ 444.65.
The weekly increase came after Argus Research had initiated the coverage with a ‘buy’ rating and $ 400 price target and JMP Securities doubled on his ‘Market Outperform’ lecture. Rosenblatt also repeated his buy -rating on Thursday.
Strategy-Michael Saylor’s Unapologetic Bitcoin Hoarder-has its own all-time high market capitalization nearby, while the ruthless sale Spree of the company pushed its interests to 601.550 BTC. But MSST did not hold on to his profit.
On Friday things were not so rosy for strategy, where the stock dropped more than 6%. Is it the Jim Cramer Curse? The old crypto critic recently mentioned strategy during an appearance CNBCs “Squawk on the street” – but his comments were pretty cryptic.
He said that someone approached him and asked if he would be “the figurehead” for a company “about, you know, one of the coins” – referred to Bitcoin. He said he struck it.
‘I had a bit like that [JP Morgan CEO Jamie Dimon]”He said,” I’m a little lukewarm on that. “
Cherished Bitcoin, Ethereum and Dogecoin
It is difficult to go a day without hearing about a new crypto treasury company or an existing that contributes to the treasury. And the reaction of investors is not always to take the stock directly to the moon. This week was no exception.
Bitcoin Mining Firm Bit Origin saw its Peak Peak after collecting $ 500 million to start one Dogecoin Treasury. The miner, who exchanges on the Nasdaq under the BTOG Tickeris slow to get so high. From Friday close, the shares still changed hand for $ 0.78 – double the price where it started the week.
Ethereum Juggernaut Sharplink Double Dipped this week, Pick up, pick up $ 48 million on Monday and then $ 225 million on Tuesdayand told the sec on Thursday That it increases its $ 1 billion increase to $ 6 billion – all in the name of buying more ETH.
Sharplink, who acts on the Nasdaq under the Sbet tickerHas won 16% since the beginning of the week. But it lost a whopping 20% discount on its share price in the past day and ended the day trade hands for $ 28.98 per share.
There is also a new Bitcoin Treasury company in the mix. E-bike maker Volcon saw his shares increases 135% On Thursday, as it said, it is planning to pick up $ 500 million to buy BTC. However, the shareholder euphoria was short -lived.
On Friday, VLCN shares ended the day trade for $ 17.11 after falling by almost 21%.
Other Keys
No gray area. OG Crypto Asset Manager Grayscale has made his intentions clear: The company has submitted paperwork for the time being that could lead to an IPO like the industry in a revival of interest in IPOs. But so far, the S-1 is still in concept mode, while the company, the issue of the Grayscale Bitcoin Trust, works out the Kinks.
High commitment. Maybe you have heard it is ETH SZN? Considering one altcoin Ticker Tape Parade? Maybe heard the rumble of XRP -army Troop movements? On Wall Street, the Altcoin Jubilee Ishares Ethereum Trust has Emittent Black rock Lawing for the possibility of using the ETH eth of almost $ 8 billion. Bad news: the SEC is not to start with statements about setting out ETHEEUM ETFs until October.
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