Written by: Weilin, PANews
"The copycat season has arrived, but not in cryptocurrencies, rather in crypto stocks." As SharpLink (SBET) announced financing to purchase ETH and saw a 10-fold increase within a week, the crypto community jokingly remarked, highlighting the heat of crypto concept stocks.
MicroStrategy's successful transformation has shown companies the benefits of incorporating crypto assets into corporate financial strategies. More and more global listed companies are proactively adding Bitcoin, Ethereum, SOL, and XRP to their treasuries, ranging from billion-dollar tech giants to small listed companies previously on the margins.
In this article, Strive Asset Management has completed a $750 million private equity investment (PIPE) round, with a subscription price of $1.35 per share, at a 121% premium to ASST's previous closing price, with the potential to expand to $1.5 billion through warrants. The funds will be used to acquire undervalued biotech companies, buy the dips on Mt. Gox Bitcoin claims, and structured discounted BTC credit products to build their Bitcoin treasury.
Upexi（UPXI）｜Market Cap: $400 million｜Solana Strategy
On April 21, the renowned crypto trading and investment company GSR announced a private equity investment (PIPE) of up to $100 million in Nasdaq-listed consumer goods company Upexi, Inc. (Ticker: UPXI), betting on its upcoming comprehensive Solana financial strategy. Influenced by the news, Upexi's stock price surged over six-fold intraday.
VivoPower（VVPR）｜Market Cap: $46.92 million｜XRP Treasury Strategy
On May 29, Nasdaq-listed energy company VivoPower International (VVPR) announced the completion of a $121 million private placement, transforming into a crypto asset reserve strategy centered on XRP. Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud led a $100 million investment.
Conclusion
As Bitcoin gradually transitions from a "marginal" asset to mainstream, from MicroStrategy to MercadoLibre, from banking giant Intesa to SharpLink, more and more listed companies are embracing crypto assets in different ways. Some view Bitcoin as a value reserve, some attempt to build new financial systems around Ethereum or Solana, and some even drive company transformation through "treasury strategies".
This is not just a demonstration of financial diversification, but reflects crypto assets becoming part of a new global capital market trend. In the future, as regulations become clearer and infrastructure continues to improve, more companies with market caps in the tens or hundreds of billions may join the "hodling club".
