BitMine Buys 100 Bitcoin for Treasury Strategy Nautilus Launches on Sui Mainnet for Trusted Off-Chain Computation Canary Capital Files for First U.S. Staking ETF with Solana

Coin WorldTuesday, Jun 10, 2025 6:47 am ET
1min read

BitMine Immersion Technologies has made a significant move in the cryptocurrency space by purchasing 100 Bitcoin (BTC) on the open market. This acquisition was funded through a recent stock offering and marks the initiation of the company's Bitcoin treasury strategy.

plans to continue accumulating more BTC over time, positioning Bitcoin as a long-term strategic asset and a core pillar of its future business operations.

This strategic move by BitMine signals several key intentions. Firstly, it indicates a diversification of corporate reserves using crypto assets, mirroring strategies adopted by other firms. Secondly, it serves as a potential hedge against fiat depreciation and market volatility. Lastly, it demonstrates a deeper strategic commitment to blockchain technology, suggesting possible expansion into the crypto or fintech space. BitMine's alignment with Bitcoin as "digital gold" underscores the rising institutional belief in BTC's long-term store-of-value role.

Nautilus has officially launched on the Sui mainnet, marking a significant advancement in decentralized off-chain computation.

leverages Trusted Execution Environments (TEEs), initially using AWS Nitro Enclaves, to run off-chain logic in verifiable, isolated environments. The outputs from these computations are validated by on-chain smart contracts, combining performance, privacy, and trust. This new architecture addresses long-standing trust gaps in off-chain computing, particularly in oracles and private logic, by securing verifiable off-chain execution with TEEs and anchoring it with on-chain validation.

This development signals a broader trend in Web3: the emergence of hybrid models that combine off-chain performance with on-chain trust. As privacy and compliance demands grow, such frameworks may become foundational, and Nautilus could set the technical standard for future

and middleware solutions. This innovation paves the way for trust-driven hybrid Web3 systems, enhancing the reliability and security of decentralized applications.

Canary Capital has filed for the "Canary Marinade Solana ETF" in Delaware, submitting a revised S-1 form with the SEC. This ETF proposal is groundbreaking as it includes Solana (SOL) staking via Marinade Finance as the exclusive staking provider, making it the first U.S. ETF application to incorporate native staking mechanics. This move represents a major evolution in crypto ETFs, transitioning from simple price exposure to yield generation through staking. It also strengthens Solana’s presence in regulated financial markets, potentially opening the door to more sophisticated DeFi–TradFi integrations. While regulatory approval remains uncertain, this move could set a new template for crypto ETFs that combine capital appreciation with passive income, driving innovation across asset management.