News & Research

Real estate developer Murano Global Investments (NASDAQ: MRNO) has revealed plans to enhance its corporate strategy by building a Bitcoin (BTC) treasury. The company has purchased 21 BTC to date and aims to leverage operating cash flows and capital markets to expand its holdings, Cointelegraph reported.

BitFuFu (NASDAQ: FUFU), the cloud mining platform under Bitmain, reported it mined 445 BTC in June, up 11% from May, increasing its total holdings to 1,792 BTC, according to GlobeNewswire press release. The company’s hashrate grew to 36.2 EH/s and power capacity to 728 MW as of June 30.

Strategy announced on its official website an at-the-market (ATM) program to sell up to $4.2 billion of its 10% Series A Perpetual STRD Preferred Stock. Proceeds will be used for general corporate purposes, including Bitcoin acquisitions, working capital and dividend payments.

Strategy (NASDAQ: MSTR) paused its Bitcoin (BTC) acquisitions between June 30 and July 6, as disclosed in a filing with the U.S. Securities and Exchange Commission (SEC). The company continues to hold 597,325 BTC, valued at $65 billion, with an average purchase price of $70,982 per BTC. The pause marks the first break in its Bitcoin buying since April. Strategy’s portfolio has grown to show unrealized gains of $22.6 billion and the firm is using preferred stock sales to fund future acquisitions, The Block reported.

Nasdaq-listed medical technology company Semler Scientific (SMLR) acquired 187 BTC for $20 million, bringing its total holdings to 4,636 BTC and achieving a 29% year-to-date Bitcoin yield, according to Joe Burnett, director of Bitcoin Strategy.

Justin Sun, founder of Tron, announced that the Tron-based meme coin issuance platform SUN.IO has officially launched USD1 trading pairs. The initial pairs available are USDT/USD1, TRX/USD1 and NFT/USD1. Users can now trade USD1 on the Tron network.

Etherscan announced via X the launch of HyperEVM Scan, a new block explorer for HyperEVM.

UK-listed blockchain payments company GSTechnologies raised approximately £1.75 million through a placement and £250,000 via a retail offering, totaling about £2 million (around $2.72 million), to fund its planned Bitcoin acquisitions, according to Bitcoin News on X.

Bitcoin mining company Iris Energy (NASDAQ: IREN) reported record monthly revenue of $68 million and hardware profit of $51 million in June, while incurring $16 million in electricity costs, according to GlobeNewswire press release. The company achieved its 50 EH/s hashrate target with a data center capacity of 810 MW and expanded its AI cloud by adding approximately 2,400 Blackwell GPUs, bringing its total NVIDIA GPUs to 4,300. IREN’s $550 million convertible notes offering was oversubscribed and it completed its transition to U.S. domestic issuer status, advancing initiatives in AI customer and financing efforts.

In a recent update on X, on-chain market intelligence platform Glassnode noted that despite Bitcoin hovering near all-time highs, the options market is experiencing a summer slowdown, with implied volatility across most expirations (1 week to 6 months) reaching all-time lows, marking the lowest levels since mid-2023.