A growing number of traditional companies are beginning to experiment with digital assets as part of their corporate treasury strategies, signaling a shift in how businesses view crypto’s role in financial management. This week alone, companies from sectors as diverse as agriculture, consumer manufacturing and even a nearly 80-year-old Japanese textile company announced allocations to
Crypto hedge fund Asymmetric Financial is pivoting away from liquid trading strategies following sharp underperformance and public backlash from investors. In a post shared on X Wednesday, CEO Joe McCann acknowledged that the fund’s current approach “is no longer serving our LPs” and confirmed that Asymmetric will begin transitioning capital away from liquid trading into
Jack Dorsey’s Block (XYZ) has started adding the first customers for its Bitcoin payments service, just as the firm joins the S&P 500. Shares of the NYSE-listed company, which owns Square, Cash App, and TIDAL, closed up 0.5% but have risen more than 14% over the past week. Dorsey stepped down as CEO Twitter, the
US-based publicly traded pharmaceutical company MEI Pharma has raised $100 million in private equity capital, adopting a new corporate strategy focused on Litecoin (LTC). The company sold 29,239,767 shares at $3.42 per share, raising a total of approximately $100 million. Litecoin Foundation founder Charlie Lee led this private equity raise and was joined in the
In his latest analysis of Bitcoin’s supply dynamics, cryptocurrency analyst Axel Adler noted that the market is still in the early stages of the macrocycle. According to Adler, the return of Bitcoins, which have been dormant for a long time, to circulation provides striking signals on the supply side, but the majority of investors are
Tesla Inc. (TSLA) announced its financial results for the second quarter of 2025. The company’s adjusted earnings per share (EPS) was 40 cents. This figure fell short of analysts’ expectations of 42 cents. Similarly, on the revenue front, Tesla’s quarterly revenue of $22.50 billion fell slightly short of the market expectation of $22.64 billion. The
Joe McCann is winding down Asymmetric’s Liquid Alpha Fund after the fund was accused of losing massive value this year and drew sharp criticism online. In a social media post, the crypto investor said that the strategy behind the Liquid Alpha Fund “clearly is no longer serving our LPs.” He said the fund had been
MEI Pharma, a publicly traded pharmaceutical company, closed a $100 million private placement on Wednesday to refashion itself into a litecoin treasury firm. MEI sold 29,239,767 shares of its common stock, raising roughly $100 million, Litecoin Foundation founder Charlie Lee told Decrypt. Under the agreement, the company sold its stock at $3.42 per share. Lee
Nature’s Miracle, a publicly traded company operating in vertical farming technologies, has announced the launch of an institutional XRP treasury program that could raise up to $20 million. With this strategic move, the company aims to use XRP for long-term reserves, staking returns, and participation in the Ripple ecosystem. Nature’s Miracle will make these XRP
Retail bros charged into U.S. markets at Wednesday’s Open, lifting GoPro nearly 50% and pushing Krispy Kreme up 12%, after both stocks were picked up by Reddit’s WallStreetBets community. Both names are the latest additions to the forum’s high-risk favorites, joining a new lineup of meme stocks that have surged this month despite weak fundamentals