Corporate crypto activity jumped this week as Strategy Inc. (formerly MicroStrategy) disclosed a $449.3 million Bitcoin (BTC) purchase, one of the largest single acquisitions by a company this quarter.
The move was disclosed in a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC) shared by Strategy.
-->The acquisition highlights growing confidence in holding digital assets on corporate balance sheets despite regulatory questions and price swings.
SharpLink Gaming also announced an increase in its Ethereum (ETH) holdings.
“NEW: SharpLink acquired 39,008 ETH at an average price of ~$4,531, bringing total holdings to 837,230 ETH, valued at ~$3.6B.
Key highlights for the week ending Aug. 31, 2025:
Raised $46.6M through the ATM facility
Added 39,008 ETH at ~$4,531 avg. price
Staking rewards: 2,318 ETH since June 2 launch
ETH Concentration: 3.94, up 97 since June 2
Cash on hand: $71.6M+ yet to deploy
Total ETH: 837,230
The asset is ETH, the ticker is SBET”
Just last week, the healthcare services firm KindlyMD announced an equity offering of up to $5 billion designed to further its Bitcoin treasury strategy after merging with Nakamoto Holdings, a Bitcoin-native holding company, with Nakamoto becoming a wholly owned subsidiary of the healthcare firm.
David Bailey, the firm’s chief executive and chairman, said the equity offering “represents a pivotal step” in the company’s long-term capital strategy.
“Following the successful completion of our merger between KindlyMD and Nakamoto just two weeks ago and our initial purchase of 5,744 Bitcoin, this initiative is the natural next phase of our growth plan. We intend to deploy the ATM Program thoughtfully and methodically, using it as a flexible tool to strengthen our balance sheet, seize market opportunities, and deliver accretive value for our shareholders.”
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