# Сопутствующие статьи по теме Treasury

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Treasury", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Ethereum Foundation Is Dumping ETH Again, But The Buyer Is Even More Interesting

The Ethereum Foundation has sold 5,000 ETH (worth approximately $10 million) in an over-the-counter (OTC) transaction to the publicly traded Bitcoin mining company, Bitmine. The foundation stated the sale is part of its structured treasury management policy to fund its core operations, including protocol development and grants. This follows previous sales, including a 10,000 ETH OTC deal in July 2025. Despite the sale occurring amid market volatility, Ethereum's price has risen over 12% in 24 hours, trading above $2,200. The transaction highlights growing institutional interest, with Bitmine continuing to accumulate ETH even during volatile conditions.

bitcoinist03/16 20:52

Ethereum Foundation Is Dumping ETH Again, But The Buyer Is Even More Interesting

bitcoinist03/16 20:52

Ethereum Foundation Finalizes 5,000 ETH Sale In $10M OTC Deal — Details

The Ethereum Foundation (EF) has completed an over-the-counter (OTC) sale of 5,000 ETH for approximately $10.21 million to BitMine Immersion Technologies, the world's largest corporate holder of Ether. The tokens were sold at an average price of $2,042.96. Proceeds from the sale will be directed toward the EF's core operations, including protocol R&D, ecosystem development, and community funding. This transaction is part of the foundation's ongoing treasury management strategy, which also includes staking and supplying ETH to validators. This marks the EF's second such OTC deal in less than a year, following a 10,000 ETH sale in July 2025. The OTC method avoids the bearish market pressure typically associated with public exchange sales. At the time of writing, ETH is trading around $2,086.

bitcoinist03/16 06:02

Ethereum Foundation Finalizes 5,000 ETH Sale In $10M OTC Deal — Details

bitcoinist03/16 06:02

Ten Thousand Words Decoding STRC: Strategy's New Magic Trick for Making Money and Buying Coins

"STRC: Strategy's New Money-Making Magic" provides an in-depth analysis of STRC, a preferred share instrument issued by Michael Saylor's company, Strategy. STRC is a yield-bearing tool backed by Strategy's Bitcoin treasury, designed to trade near its $100 face value with a dynamically adjustable dividend rate (currently 11.5% APY paid monthly). The article explains how strong demand for STRC, when trading at par, triggers ATM (at-the-market) issuances. The proceeds are used to buy Bitcoin, and simultaneous ATM issuances of common stock (MSTR) are used to maintain the company's leverage ratio at ~33%. This structure converts yield-seeking demand into systematic Bitcoin buying pressure. Key points include: STRC splits Bitcoin exposure into low-volatility yield for holders (STRC) and remaining upside/volatility for MSTR shareholders; the model can scale significantly without increasing credit risk; and the primary long-term risk is a prolonged Bitcoin bear market, not a sudden crash like Luna/UST. The article contrasts STRC with failed algorithmic stablecoins, highlighting its lack of reflexive death spiral mechanics and substantial dollar reserves (~28 months of dividend coverage). The author argues that if one is bullish on Bitcoin, being bearish on Strategy's structure is logically difficult.

marsbit03/15 02:32

Ten Thousand Words Decoding STRC: Strategy's New Magic Trick for Making Money and Buying Coins

marsbit03/15 02:32

Ten Thousand Words Decoding STRC: Strategy's New Magic Trick to Make Money and Buy Coins

This article provides an in-depth analysis of STRC, a preferred share issued by MicroStrategy (MSTR) as part of its Bitcoin treasury strategy. STRC is a yield-bearing instrument designed to trade near its $100 face value, currently offering an 11.5% annual dividend paid monthly. The dividend rate is dynamically adjusted to maintain this price target. The core mechanism involves using demand for STRC to generate structural buying pressure for Bitcoin. When STRC trades at $100, MicroStrategy issues new shares via an At-The-Market (ATM) offering and uses the proceeds to buy BTC. To maintain a stable leverage ratio (currently ~33%), the company simultaneously issues new MSTR common shares (when its most diluted NAV is above 1x) to buy additional BTC. Roughly, every $1 of new STRC issuance can lead to ~$3 of BTC purchases. The structure splits Bitcoin exposure into two risk tranches: STRC holders receive stable, lower-volatility yield, while MSTR shareholders capture the remaining upside and volatility. The primary goal is to increase the bitcoin-per-share (BPS) ratio over time, benefiting MSTR shareholders. Key risks include STRC's price potentially dropping 5-10% during market stress (though arbitrage typically pulls it back toward par), and a prolonged Bitcoin bear market which could pressure the structure over many years by depleting the company's dollar reserves used for dividend payments. The article contrasts STRC with failed algorithmic stablecoin UST, highlighting fundamental differences in structure, sustainability, and the lack of a reflexive "death spiral" mechanism. The author concludes that while risks exist, the structure is resilient and unlikely to fail abruptly unless Bitcoin itself enters a sustained downturn.

Odaily星球日报03/15 02:12

Ten Thousand Words Decoding STRC: Strategy's New Magic Trick to Make Money and Buy Coins

Odaily星球日报03/15 02:12

Millions Of RLUSD Are Gone Forever After This Major Ripple Burn

Ripple's stablecoin RLUSD has undergone significant supply reductions through a series of major burn transactions. A total of 25 million tokens were recently burned in a single transaction, following earlier burns of 8 million, 3 million, and multiple 15 million and 10 million token removals across both the Ethereum and XRP Ledger blockchains. These burns permanently reduce circulation by sending tokens to inaccessible addresses. However, this activity is part of RLUSD's reserve-backed model, where tokens are burned upon redemption to ensure the circulating supply never exceeds dollar reserves. Despite the burns, larger minting events—including recent issuances of 29 million, 14.9 million, 6 million, and 3 million RLUSD—have supported the stablecoin's growth. RLUSD's market cap now exceeds $1.56 billion, reflecting its expanding adoption since launch.

bitcoinist03/14 00:01

Millions Of RLUSD Are Gone Forever After This Major Ripple Burn

bitcoinist03/14 00:01

Corporate Ethereum Demand Drives ETH Treasury Holdings To All-Time High

Corporate demand for Ethereum is driving institutional ETH treasury holdings to an all-time high of over 7.4 million ETH, representing 6.6% of the circulating supply. Despite recent price decline, companies are increasingly treating ETH as a strategic reserve asset rather than a speculative investment. Bitmine Immersion Technologies, for example, holds $9.21 billion worth of ETH, with a significant portion staked. Meanwhile, technical analysis suggests ETH's price could drop to $1,600 if it fails to hold the $2,000 support level, based on Stochastic RSI indicators.

bitcoinist03/12 20:32

Corporate Ethereum Demand Drives ETH Treasury Holdings To All-Time High

bitcoinist03/12 20:32

Strive Buys Strategy Stock, Bitcoin Treasury Firms Begin Interlocking Dolls

On March 11, Strive, a Bitcoin treasury company, announced it had purchased $50 million worth of preferred shares (STRC) issued by MicroStrategy (now Strategy)—another major corporate Bitcoin holder. This represents over one-third of Strive’s treasury. Both companies use raised capital to buy Bitcoin, and both issue high-yield preferred shares (SATA from Strive, STRC from Strategy) to fund these purchases. Strive’s Chief Risk Officer justified the move by claiming STRC offers better risk-adjusted returns than U.S. Treasuries. However, this creates a circular dependency: Strategy uses proceeds from STRC to buy Bitcoin, and Strive relies on Strategy’s Bitcoin performance to earn yield on its STRC investment—which it may use to buy more Bitcoin or pay dividends on its own SATA shares. Strive, founded in 2022, has rapidly accumulated 13,311 BTC (worth ~$930 million), making it a top-ten corporate Bitcoin holder. Its stock (ASST) has fallen 97% from its peak, trading far below its Bitcoin-backed NAV. Despite this, Strive continues to aggressively accumulate Bitcoin and raise dividends on SATA shares. This reflects a broader trend: over 200 companies now emulate MicroStrategy’s “Bitcoin treasury” strategy. As these firms begin investing in each other’s debt-like instruments, the ecosystem becomes increasingly interconnected—and vulnerable—to Bitcoin's price volatility.

marsbit03/12 05:20

Strive Buys Strategy Stock, Bitcoin Treasury Firms Begin Interlocking Dolls

marsbit03/12 05:20

Hoskinson Outlines Cardano Funding Overhaul For 2026

Charles Hoskinson, founder of Cardano, has outlined a significant shift in the ecosystem's funding strategy for 2026. He argues that the treasury has historically over-invested in infrastructure (nodes, scaling) while underfunding utility (DApps, DeFi) and user experience (wallets, onboarding, marketing). This imbalance has resulted in many applications struggling with low user activity, TVL, and revenue. Hoskinson's proposed solution is a treasury-backed investment model, replacing grants. The treasury would take ownership stakes in selected projects, requiring strategic alignment, oversight, and partial revenue-sharing in return. This model aims to foster consolidation, as he states the ecosystem cannot sustain numerous similar projects, like 25 DEXs, at current adoption levels. He also emphasized rectifying Cardano's "uncool" public narrative by properly funding content creators and ambassadors. The core message is that Cardano must transition from an "infrastructure game" to a "utility and experience game" with coordinated, strategic intent to drive adoption.

bitcoinist03/12 01:02

Hoskinson Outlines Cardano Funding Overhaul For 2026

bitcoinist03/12 01:02

Bitcoin Heist to Payday: South Korean Prosecutors Turn Phished Coins Into Cash

South Korean prosecutors from the Gwangju District Office sold 320.8 Bitcoin, worth approximately 31.5 billion won, that were recovered from a phishing incident. The BTC, originally seized from an illegal gambling operation, was lost during a transfer but later returned to a wallet controlled by prosecutors. They liquidated the assets on a domestic exchange over 11 days to avoid market disruption. This incident highlights ongoing challenges for governments in securely managing seized digital assets, following a previous case where private keys were leaked. The sale underscores law-enforcement liquidations as a structural source of BTC supply and the complexities of converting crypto to cash without affecting prices.

bitcoinist03/11 09:02

Bitcoin Heist to Payday: South Korean Prosecutors Turn Phished Coins Into Cash

bitcoinist03/11 09:02

Assessing Bitmine’s 5,300 Ethereum transfer amid ETF outflows

Bitmine Immersion Technologies, led by Tom Lee, transferred 5,300 ETH (worth $10.75 million) to a Coinbase Prime address on March 10, a notable move given the company’s aggressive accumulation strategy. While this may suggest a temporary adjustment, the transfer could also relate to operational needs like OTC trading or liquidity management rather than a strategic shift. The action coincides with a 9.64% drop in Bitmine’s stock and ETF outflows, yet corporate Ethereum holdings have grown significantly since mid-2025, exceeding 6 million ETH. Bitmine stakes roughly two-thirds of its 4.5 million ETH holdings, generating substantial annual revenue, reflecting long-term confidence in Ethereum as income-generating infrastructure.

ambcrypto03/10 23:03

Assessing Bitmine’s 5,300 Ethereum transfer amid ETF outflows

ambcrypto03/10 23:03

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