Bitcoin News Today: Public Companies Boost Crypto Holdings Signaling Institutional Confidence

Public companies are significantly expanding their digital asset holdings, with notable moves by BitMine, Verb, and Sequans Communications, signaling growing institutional confidence in cryptocurrencies. These developments have triggered sharp stock price movements and highlight the increasing integration of crypto into corporate treasury strategies.

BitMine Immersion Technologies (BMNR) has become the world’s largest corporate holder of ether, with a treasury of 833,137 ETH valued at over $2.9 billion [1]. This positions the firm as the third-largest corporate crypto holder globally, following Marathon Digital Holdings (MARA) and Marathon Strategy (MSTR). The company, which launched its aggressive ETH acquisition strategy just 35 days ago, aims to eventually acquire 5% of ether’s total supply. The firm also plans to explore staking opportunities, which could unlock yield-based profitability in the future. BMNR’s shares rose 6% on Monday following the announcement [1].

Meanwhile, Verb Technology (VERB) announced a $558 million private placement to establish the first publicly listed toncoin treasury, in collaboration with Kingsway Capital. The company will rebrand as TON Strategy Co. (TSC) and acquire toncoin as its core asset [1]. The transaction is supported by over 110 institutional and crypto-native investors, including Vy Capital, Blockchain.com, and Ribbit Capital. TSC aims to leverage the integration of TON across Telegram’s ecosystem to drive crypto adoption in social platforms. VERB’s shares surged 65% on Monday, while the price of TON dropped 8% [1].

Sequans Communications (SQNS), a France-based fabless 5G and IoT chipmaker, announced the purchase of an additional 85 BTC for $10 million, bringing its total bitcoin holdings to 3,157 BTC [1]. The company views bitcoin as a long-term treasury reserve and continues to accumulate it strategically. SQNS shares climbed 1% following the news [1].

These moves come as digital asset firms increasingly embrace blockchain-native assets, with institutional adoption accelerating across both traditional and emerging crypto markets. Investors such as Bill Miller III, Cathie Wood of ARK, and major crypto firms like Kraken and Galaxy are also backing these developments. With daily trading volume averaging $1.6 billion, BMNR ranks 42nd in liquidity among U.S. stocks [1].

The momentum is expected to continue as TSC’s transaction is set to close by August 7. The shift toward crypto treasuries is reshaping how public companies manage assets and diversify portfolios in the digital age.

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[1] https://www.coindesk.com/business/2025/08/04/crypto-treasuries-expand-as-public-companies-make-bold-monday-moves