ChainCatcher news, the market shows that Bitmine's closing price yesterday was $135, compared to the closing price of $4.26 the day before the announcement of the Ethereum reserve strategy, the stock price has increased by more than 30 times.Previously, news reported that BitMine Immersion Technologies, a company listed on the New York Stock Exchange, announced the pricing and signed a private placement agreement to purchase and sell 55,555,556 shares of common stock at a price of $4.50 per share, expecting to raise $250 million to initiate the ETH financial strategy.

ChainCatcher News, prominent law firms Frank R. Cruz and Pomerantz have announced a class action lawsuit against MicroStrategy Incorporated (NASDAQ: MSTR), accusing the company of making misleading statements to investors between April 30, 2024, and April 4, 2025. The lawsuit claims that MicroStrategy exaggerated the expected benefits of its "Bitcoin reserve company" strategy while underestimating the risks posed by Bitcoin price volatility, particularly the potential losses that could arise after the adoption of the new accounting standard ASU 2023-08.Previously, the lawsuit from Pomerantz has been filed in the U.S. District Court for the Eastern District of Virginia (Case No. 25-cv-00861), explicitly stating that on April 7, 2025, the company disclosed an unrealized loss of approximately $5.9 billion due to Bitcoin depreciation, resulting in an 8.67% drop in stock price on that day. Both law firms have set July 15, 2025, as the deadline for investors to apply to become lead plaintiffs, and affected investors can contact the relevant law firms to understand their legal rights.

ChainCatcher news, according to The Block, the New York law firm Pomerantz has recently filed a class action lawsuit against Strategy, led by Michael Saylor (formerly MicroStrategy), accusing the company of making false and misleading statements regarding the profitability of its Bitcoin investment strategy, in violation of federal securities laws. The lawsuit, filed in the Eastern District of Virginia, represents investors in Strategy from April 30, 2024, to April 4, 2025. Other investors can join the class action before July 15.Key allegations in the lawsuit include that Strategy exaggerated the profitability of its Bitcoin investment strategy and fund management business, downplayed the volatility risks of Bitcoin, and failed to adequately disclose the impact of adopting new accounting standards (ASU 2023-08) on its financial statements. Specifically, in the first quarter of 2025, due to the adoption of the new standards, Strategy reported an unrealized loss of $5.9 billion in digital assets, causing the stock price to drop over 8% at that time. Pomerantz alleges that the company only emphasized Bitcoin gains while concealing significant losses that could arise under fair value measurement.

ChainCatcher news, according to Cointelegraph, Ripple has submitted a national bank charter application to the Office of the Comptroller of the Currency (OCC) and applied for a Federal Reserve master account, aiming to strengthen compliance with the traditional financial system. Ripple CEO Brad Garlinghouse stated that this move will establish a "trusted compliance benchmark" for its stablecoin RLUSD. Previously, Circle also applied to establish a national trust bank. As the stablecoin regulatory bill GENIUS Act progresses, leading crypto companies are accelerating their efforts to gain regulatory approval.

ChainCatcher news, according to Bloomberg, SkyBridge Capital founder Anthony Scaramucci recently stated that the trend of public companies incorporating Bitcoin into their balance sheets is merely a temporary phenomenon, predicting that this strategy will lose momentum in the coming months. "Current enterprises are just blindly mimicking (MicroStrategy's) hoarding strategy, and this craze will eventually fade."Scaramucci indicated that investors will eventually question: why pay a premium for companies holding Bitcoin instead of buying it directly? This trend began in 2021 when software company MicroStrategy (MSTR), led by CEO Michael Saylor, was the first to make significant Bitcoin purchases, resulting in its stock price soaring nearly 3000%, attracting other companies such as medical device maker Semler Scientific (SMLR) and Japanese listed company Metaplanet (3350) to follow suit.The craze is not limited to well-known companies; many small-cap companies are also attracting capital attention by increasing their holdings in Bitcoin or other cryptocurrencies (such as Ethereum and XRP). However, Scaramucci emphasized that Saylor's success is unique—MicroStrategy has diverse business lines in addition to Bitcoin, while "other follower companies need to bear additional management costs and valuation premiums."Despite being bullish on Bitcoin in the long term, Scaramucci cautioned investors to examine the hidden costs of "Bitcoin concept stocks." With the U.S. SEC approving spot ETFs, institutional investors can now directly allocate Bitcoin, weakening the scarcity logic of corporate hoarding. Data shows that the growth rate of corporate Bitcoin holdings in Q2 2024 has already decreased by 37% compared to the same period last year.

ChainCatcher news, according to Globenewswire, the U.S. listed mobility service provider Webus International Limited (WETO) has signed a conditional securities purchase agreement with Ripple Strategy Holdings to obtain a preferred stock credit line of up to $100 million.The $100 million commitment will be issued at the company's discretion within 24 months after the registration statement with the U.S. Securities and Exchange Commission (SEC) becomes effective and with the approval of the company's existing underwriters, with each draw amount ranging from $250,000 to $3 million, depending on market conditions and capital needs.On May 30, Webus International Limited announced that it is exploring a financing strategy of up to $300 million to establish an XRP reserve through diversified non-equity financing tools.

ChainCatcher news, according to The Block, investment bank TD Cowen pointed out that the equity-bitcoin loop mechanism of Strategy provides a reasonable basis for its net asset value premium. Despite the risks, it maintains a buy rating.In the second quarter, Strategy purchased 69,140 bitcoins and currently holds 597,325, exceeding TD Cowen's forecast, which brings its stock's premium over net asset value to about 63%. TD Cowen maintains a target price of $590 per share, viewing Strategy as the highest quality publicly traded bitcoin spot investment proxy, and expects its holdings to reach 850,000 bitcoins by 2027, accounting for 4.1% of the total supply.

ChainCatcher news, Strategy founder Michael Saylor posted on the X platform that the company achieved a 7.8% return on Bitcoin in the second quarter, gaining 41,407 Bitcoins, worth approximately 4.4 billion dollars.

ChainCatcher news, Strategy founder Michael Saylor posted on the X platform stating that the company achieved a 7.8% return on Bitcoin in the second quarter, gaining 41,407 Bitcoins, valued at approximately $4.4 billion.

ChainCatcher message, according to Bitcoin News, the Russell Top 200 Value Index has added Strategy.

According to ChainCatcher news and The Block report, the acquisition funds for Strategy's recent purchase of 4,980 bitcoins (totaling $531.9 million) come from the sales of its Class A common stock MSTR, convertible preferred stock STRK, and perpetual preferred stock STRF through ATM (at-the-market) offerings.Last week, Strategy sold 1,354,500 shares of MSTR stock for approximately $519.5 million. The company stated that as of June 29, there remains $18.1 billion worth of MSTR stock available for issuance and sale under this plan.Strategy also sold 276,071 shares of STRK stock for about $28.9 million, with $20.5 billion worth of STRK stock still available for issuance and sale under this plan. Meanwhile, the company sold 284,225 shares of STRF stock for $29.7 million, with a remaining quota of $1.9 billion under this plan.Strategy's STRK and STRF perpetual preferred stocks have ATM issuance plans of $21 billion and $2.1 billion, respectively, which are supplementary to the company's "42/42" plan. The "42/42" plan aims to raise $84 billion through equity issuance and convertible notes for bitcoin acquisitions (originally a $42 billion plan, which was expanded after the equity portion was exhausted), with a target completion deadline of 2027.

ChainCatcher message, according to SoSoValue data, as of June 30, 2025, Eastern Time, the total net inflow of Bitcoin by global listed companies (excluding mining companies) in the past week was $863 million.Among them, Strategy (formerly MicroStrategy) has continuously increased its holdings for 13 weeks, investing $531.9 million last week to acquire 4,980 BTC at a price of $106,801, bringing its total holdings to 597,325 BTC.Japanese listed company Metaplanet made two purchases last week, with a total investment of $240.8 million, acquiring 2,239 BTC at a price of $107,561, bringing its total holdings to 13,350 BTC; the recent weekly purchase amount continues to expand.Chinese semiconductor hardware company Nano Lab, British digital advertising company The Smarter Web, and French Web3 service company Blockchain Group also made significant purchases last week. Nano Lab invested $63.6 million to acquire 600 BTC at a price of $106,000, bringing its total holdings to 1,000 BTC; The Smarter Web invested approximately $20.4 million to acquire 196.9 BTC at a price of $103,606, bringing its total holdings to 730.16 BTC; Blockchain Group invested $6.3 million to acquire 60 BTC at a price of $105,877, bringing its total holdings to 1,788 BTC.In addition, on June 25, Gamestop announced that it had raised an additional $450 million through the issuance of zero-interest convertible preferred notes. This financing is an additional operation based on the $2.25 billion private placement of convertible bonds completed on June 17, bringing the total financing amount to $2.7 billion. GameStop stated that these funds will be used for general corporate purposes and investments according to its investment policy, including allocating Bitcoin as a corporate reserve asset.As of the time of publication, the total amount of Bitcoin held by the global listed companies (excluding mining companies) in the statistics is 663,860 BTC, with a current market value of approximately $7.15 billion, accounting for 3.34% of the circulating market value of Bitcoin.

ChainCatcher news, according to official sources, Strategy purchased 4,980 bitcoins between June 23 and June 29 at an average price of $106,801 (totaling: $531.9 million).As of the beginning of 2025 to date, its return on bitcoin investment has reached 19.7%. As of June 29, 2025, the company holds 597,325 bitcoins, which were acquired at an average price of approximately $70,982 each, with a total cost of about $42.4 billion.

ChainCatcher news, according to Lookonchain monitoring, Strategy transferred 7,383 BTC (approximately $796 million) to 3 new wallets 11 hours ago, possibly to improve asset custody methods.Previously, Strategy only sold 704 BTC (approximately $11.81 million) at a price of $16,776 on December 22, 2022, and quickly bought back 810 BTC (approximately $13.64 million) at a price of $16,845 on December 24, 2022. Aside from that, the company has maintained a strategy of only buying and not selling.

ChainCatcher message, Strategy Executive Chairman Michael Saylor has once again released information related to the Bitcoin Tracker on the X platform, stating: "In 21 years, you will wish you had bought more."Typically, he discloses Strategy's Bitcoin accumulation data the day after he releases information about the Bitcoin Tracker.

ChainCatcher message, crypto analyst Scott Melker tweeted, "Currently, the hot money from altcoins and institutional Bitcoin is flowing into Bitcoin treasury strategy companies and crypto-related stocks. In the future, this money may flow into Wall Street's tokenization plans."

ChainCatcher news, according to relevant reports, the Polymesh Association has officially transformed into Polymesh Labs Ltd. (referred to as "Polymesh Labs"), and after successfully completing the acquisition, it has officially joined the Polymath family. This strategic acquisition was initially announced on May 13, 2025, marking an important step in advancing the blockchain infrastructure tailored for the tokenization of regulated assets.As a subsidiary established in the Cayman Islands, Polymesh Labs will be fully responsible for the operation of the Polymesh blockchain, including the POLYX token and related software applications, such as the Polymesh wallet, Polymesh portal, and TokenStudio. This acquisition brings more resources to Polymesh Labs, accelerating the adoption of the network in the institutional sector.This acquisition is part of a strategy to transition to a publicly listed entity, following its reverse acquisition agreement with AnalytixInsights. By integrating this acquisition strategy, Polymesh will further expand its capabilities and credibility as the first-layer blockchain supported by a publicly listed company, deepening its integration with traditional regulated market frameworks.

ChainCatcher news, according to a disclosure from Gemini's official X platform, the cryptocurrency exchange Gemini has launched tokenized stock services in the European Union. Users can now purchase tokenized MicroStrategy (MSTR) stocks on the Gemini platform and transfer them freely on-chain.Gemini stated that they are collaborating with leading providers of tokenized U.S. public securities to offer customers greater liquidity, transparency, and the same economic rights as the underlying securities (in permitted regions).The tokenization of MSTR stocks is just the beginning, as Gemini plans to launch more tokenized stocks and ETF products in the coming days. This service is currently only available to customers in the European Union.

ChainCatcher news, according to Decrypt, Strategy is facing at least five lawsuits accusing the company of securities fraud in its Bitcoin treasury management. However, two law professors told Decrypt that such a number of lawsuits is not uncommon. They pointed out that law firms often compete for lead roles in consolidated class actions, which can increase their earnings from the cases. In such cases, law firms often file separate lawsuits until a judge designates a lead plaintiff and consolidates the lawsuits.The lawsuits accuse Strategy of misleading investors about the expected profitability and risk assessment of its Bitcoin purchases by issuing "materially false and misleading" public statements. The lawsuits stem from Strategy's purchase of $7.7 billion worth of Bitcoin in the first quarter, resulting in an unrealized loss of $6 billion due to a price drop.