Happy Friday!

Ethereum, XRP and other altcoins are becoming ever more popular as treasury assets. Which companies are buying which coins?

Strategy is issuing yet another stock to finance its Bitcoin buying frenzy. Here are the details, including which other companies are on the Bitcoin bandwagon.

Plus, before MSTR’s monster run, it ranked near the top of a proprietary scoring system. It wasn’t a fluke — Uber and Coinbase showed up too, before their big moves.

This week, that same system just flagged 7 new names.

→ See the Rankings Before They Move

TOP STORY

Why Are Public Companies Amassing ETH, XRP, SOL, BNB Instead Of Just Bitcoin?

Publicly traded companies are increasingly integrating cryptocurrencies other than Bitcoin into their treasuries, with significant investments announced in Ethereum, Solana, XRP, Binance Coin and other tokens this year.

This trend, driven by firms across the biotech, fintech and Web3 sectors, reflects a strategic pivot to diversify financial assets and capitalize on the growing legitimacy of digital currencies.

Interested in a full breakdown of who’s buying what?

Read the full scoop here. 

SPECIAL OFFER

This Stock Scanner Caught MicroStrategy Before It Ran 400%

Before MSTR’s monster run… it ranked near the top of a proprietary scoring system that evaluates momentum, value, trends, quality and growth. It wasn’t a fluke. Uber and Coinbase showed up too — before their big moves.

This week, that same system just flagged 7 new names.

→ See the Rankings Before They Move

QUICK N DIRTY

Bitcoin, Ethereum, XRP, Dogecoin have slumped on Friday, mostly due to whales taking more profits on Bitcoin. What’s driving the market today?

Ethereum has only one hurdle to clear before new all-time highs, according to Galaxy Digital’s Mike Novogratz. Which one is it?

Eric Trump is particularly bullish about ETH and says it could go far beyond its old all-time high. What is his price target?

FINTECH FOCUS

Strategy Upsizes $500 Million IPO To $2.5 Billion: Which Other Companies Are Buying Bitcoin?

Strategy on Friday announced it has increased its initial public offering from $500 million to $2.521 billion to fund Bitcoin purchases.

The offering, priced on July 24, involves 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at $90 per share, with net proceeds estimated at $2.474 billion after expenses.

The STRC stock, set to settle on July 29, carries a 9% initial annual dividend, payable monthly starting August 31.

Strategy plans to use the proceeds primarily for acquiring Bitcoin and for working capital.

Which other companies continue to add Bitcoin to their balance sheet?

Read the full scoop here. 

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