Strive adds thousands of bitcoins, while Bitmine Immersion surpasses 2% of ETH supply.
Cryptocurrency activities spiked on Monday, September 22nd as Digital Asset Treasury Companies (DATCOS) expanded its holdings and new entrants entered the market.
While Asset Manager has added over 5,800 BTC to its finances, Bitmine Immersion, focused on Ethereum, holds more than 2% of the total circulating supply of ETH. Meanwhile, Amber Premium and Fragmetric Labs have revealed that they are expanding their company’s digital asset management.
These developments highlight the growth trends in corporate adoption of cryptocurrency as Datcos is increasingly treating digital assets such as BTC, ETH and Solana (SOL) as long-term financial investments.
Please try to get Semler Scientific
According to a press release, Strive Inc., which trades under TickerASST, announced on Monday its entire stock deal to acquire Semler Scientific Inc. (NASDAQ: SMLR). Semler is a Bitcoin finance company that holds 5,021 BTC, approximately $451 million per Coingecko.
As part of the transaction, Semler shareholders will receive 21.04 Strive Class A common shares per Semler share. The acquisition is part of Strive’s strategy to expand Crypto Holdings and consolidate the NASDAQ list following a previous merger with asset entities.
Following the news, Asst is trading at $3.93, down almost 9% that day. SMLR is currently changing hands at $32.08, up 9.94% over the same time frame.
It also revealed today that 5,816 BTC has added to the Treasury Department, an average of $116,047 per coin, with a total of $675 million including fees. This brings Strive’s Bitcoin Holdings to $664.5 million at around $112,000 at the current price of Bitcoin.
Bitmine Immersion expands Ethereum Holdings
Bitmine Immersion Technologies Inc. (NYSE American: BMNR) today announced it has more than 2.4 million ETH holders. This is more than 2% of the total circular supply of Ethereum, which is currently around 120.7 million ETH.
In addition to ETH, the company holds 192 Bitcoin, $175 million in shares in Eightco Holdings and $345 million in cash, totaling $11.4 billion in crypto and cash.
Bitmine says its goal is to accumulate 5% of Ethereum’s total circulation supply. ETH is currently trading at $4,172, down 7% that day.
Amber Premium will enter the DAT sector
In other news, Amber Premium (NASDAQ: AMBR) launched a strategic initiative in the DAT sector today, offering an integrated platform with consulting, trading, management, financing and compliance services for institutional clients.
According to a press release, the company is currently targeting publicly listed companies that manage digital assets, a market that includes 179 companies that own more than $110 billion in Bitcoin.
Vicky Wang, president of Amber Premium, said the service “removes the entire process with consistent compliance and security standards, instead of clients adjusting across different providers, down to complex, structured products, under all roofs, under all roofs.
AMBR is currently up 9.14% at $4.30.
Fragmetric Labs and Defi Development Corp. Korea’s SolanaDAT launch
Fragmetric Labs and Defi Development Corp. (NASDAQ: DFDV) today announced plans to launch South Korea’s first Solana-focused DAT through the acquisition of an unnamed, publicly listed Korean company.
Defi Development Corp. (DFDV) is one of the largest public companies focused on Solana, holding approximately 2,095,748 SOLs, totaling $226.9 million. Last week, the company acquired SOL worth $15 million.