Daily Brief: September 23, 2025
Crypto Treasuries Grow, Ethereum's Big Bet
TL;DR: Corporations like MicroStrategy and Metaplanet are expanding their Bitcoin holdings despite stock market challenges, showing strong belief in Bitcoin's long-term value. BitMine Immersion is betting big on Ethereum, aiming to hold 5% of its supply, indicating rising institutional interest in blockchain assets. Deutsche Bank predicts Bitcoin could join gold in central bank reserves by 2030, suggesting a shift in global finance strategies.
💼 Corporate Bitcoin Treasuries Expand Amid Market Volatility
MicroStrategy, led by Michael Saylor, continues to expand its Bitcoin holdings despite a recent dip in its stock price. The company now holds 639,835 BTC, valued at approximately $72 billion. Saylor remains confident in Bitcoin's long-term value, even as critics question the sustainability of acquiring Bitcoin through debt.
Metaplanet has emerged as the fifth-largest corporate Bitcoin holder after purchasing 5,419 BTC for $633 million. Despite a recent 30% drop in its stock price, Metaplanet is aggressively expanding its Bitcoin treasury. This move reflects a broader trend of corporate interest in cryptocurrency as a strategic asset.
Strive Asset Management has acquired Semler Scientific, consolidating their Bitcoin holdings to over 10,900 BTC. This merger underscores the growing trend of consolidation in the Bitcoin treasury sector, as companies aim to strengthen their positions amid market pressures and capitalize on undervalued assets.
Why it matters: These moves underscore the increasing adoption of Bitcoin as a strategic asset by corporations, highlighting confidence in its long-term value despite market volatility. This trend could influence broader institutional adoption and reshape corporate treasury strategies.
📈 BitMine's Bold Ethereum Bet
BitMine Immersion, under the leadership of Tom Lee, has captured attention by accumulating over 2.4 million Ethereum, which accounts for more than 2% of the total ETH supply. Their holdings, valued at over $10 billion, make them the largest public Ethereum treasury in the world. The company aims to acquire 5% of Ethereum's supply, demonstrating strong institutional confidence in Ethereum's long-term potential.
To support this ambitious goal, BitMine raised $365 million by selling shares at a premium price. This move indicates significant institutional interest, with investors like ARK Invest backing the strategy. Although the stock price fell after the announcement, the company remains focused on increasing its Ethereum reserves.
BitMine's strategic shift from Bitcoin mining to Ethereum accumulation reflects a broader trend of institutional adoption of blockchain assets. Ethereum's role in merging AI and blockchain with traditional finance is seen as a major macro trade for the next decade, fueling BitMine's aggressive accumulation strategy.
Why it matters: BitMine's Ethereum accumulation underscores the growing institutional adoption of blockchain assets, highlighting Ethereum's central role in the future of finance.
🌟 Bitcoin and Gold: Central Bank Reserves by 2030?
Deutsche Bank predicts that Bitcoin will join gold as a central bank reserve asset by 2030. The bank's report highlights Bitcoin's decreasing volatility and growing acceptance among institutions, suggesting it could complement gold. This shift is part of a broader trend toward diversifying global reserves.
Bitcoin's growth is supported by regulatory developments such as the EU's MiCA and the UK's FCA roadmap. These frameworks are helping Bitcoin move beyond its speculative image, positioning it as a more stable asset. Despite this progress, the U.S. dollar is expected to remain the dominant reserve currency.
Interest from institutions in Bitcoin is increasing, with ETFs managing over $110 billion in assets. The U.S. government is even considering a strategic Bitcoin reserve. This growing acceptance might lead to Bitcoin being seen as 'digital gold', further solidifying its role in global finance.
Why it matters: Bitcoin's potential acceptance as a reserve asset alongside gold could reshape global financial portfolios and risk management strategies.
