A new report from DWF Ventures reveals that public companies are sitting on a massive $76 billion in cryptocurrency.
Who’s Holding All This Crypto?
The report highlights 14 companies that have made significant crypto investments. While Michael Saylor’s company leads with a whopping $67 billion, other big names include Trump Media, GameStop, Metaplanet, Tesla, and Semler Scientific.
How Companies Are Getting Their Crypto
The report details several ways public companies are acquiring crypto:
- PIPE (Private Investment in Public Equity): A common method used by companies like Trump Media, Interactive Strength, and GameStop.
- ATM (At-The-Market) Equity Sales: Another popular way to raise funds for crypto purchases.
- Credit Facilities: Securing loans to invest in crypto.
- Reverse Mergers: A strategy where a private crypto company merges with a publicly traded company, as seen with Tron’s upcoming merger with SRM Entertainment.
- Company Treasury: Using existing company funds to directly invest in crypto.
Beyond Bitcoin: A Diverse Crypto Portfolio
While Bitcoin is the dominant asset, the report also shows companies investing in other cryptocurrencies like Ethereum (ETH), Solana (SOL), Sui (SUI), Tron (TRX), and Binance Coin (BNB), with Nano Labs being a notable example of a BNB investor.
Tron’s Big Move: Going Public via Reverse Merger
The report uses Tron’s reverse merger with SRM Entertainment as a case study. This deal includes a $100 million equity agreement to fund Tron’s crypto treasury.
DWF Ventures’ Next Steps
DWF Ventures, which recently invested in Interactive Strength’s FET treasury, is actively looking for more similar investment opportunities in the US stock market.
Disclaimer: This information is for general knowledge only and does not constitute financial advice. Always do your own research before making any investment decisions.
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