The Dypto Times - Big Companies Spending Big Money

ETHA hits $10 billion, New crypto treasury companies are popping up, and the established players are one-upping each other

Author

Matthew Ruley
July 30, 2025

Not a day goes by that we don’t read about a new crypto treasury company or how an established one made yet another massive purchase. While the purists aren’t happy about the institutional interest, anyone who’s interested in the size of their bags probably is.

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And this week, we had more to report on in this category than anything else. These guys had a busy July. Let’s get after it

From the Dypto Crypto Newsroom

This Week in Corporate Crypto Treasury News

TLDR

  • More companies have established a corporate crypto treasury — some of which have no connection to crypto or blockchain.

  • BitMine made a recent $2 billion ETH acquisition.

  • Windtree Therapeutics is a biotech company that’s going big on BNB with a half-billion-dollar buy.

Two companies made headlines this week by doubling down on crypto with a corporate crypto treasury strategy. And the numbers are crazy! While most businesses are still figuring out whether crypto belongs in their corporate playbook, BitMine and Windtree Therapeutics decided to go full send with multi-billion-dollar commitments.

What the corporate crypto treasury company means for industry adoption.

These announcements signal a growing trend of corporate crypto treasury adoption, but with some important nuances:

Beyond Bitcoin - While Bitcoin gets most of the attention as “digital gold,” companies are increasingly diversifying into other cryptocurrencies. 

Treasury Innovation - Traditional corporate treasury management involves parking cash in bonds, CDs, or money market accounts. Unfortunately, that strategy barely keeps up with inflation, if it keeps it up at all. Crypto strategies are a higher-risk, higher-reward approach to corporate cash management.

Market Validation - When public companies put hundreds of millions or billions into specific cryptocurrencies, it validates those assets in the eyes of other institutional investors. This can create positive feedback loops that drive further adoption.

Crypto ETF News: ETHA Hits $10B and SSK Adds Liquid Restaking

TLDR

  • Crypto ETFs continue to heat up.

  • BlackRock’s ETHA hit $10 billion in AUM.

  • The Rex-Osprey Solana ETF, SSK, is now offering staking rewards, all of which are being passed on to investors.

If you had asked us two years ago if we’d be making regular reports on crypto ETFs, we would have laughed. Now, it’s a part of our regular news reporting. This week, we’ve got BlackRock flexing its massive market muscles while a smaller player is quietly revolutionizing how ETFs work. 

BlackRock’s Ethereum ETF just crossed the $10 billion milestone, and REX-Osprey launched something that’s never been done before in the U.S — a crypto ETF that actually shares staking rewards with investors via liquid restaking. 

The bigger picture.

These developments highlight two important trends. First, institutional money continues pouring into crypto through ETFs, with Ethereum funds showing particularly strong momentum. The 16-day inflow streak suggests sustained investor interest, not just a temporary spike.

Second, innovation in crypto ETFs is just getting started. REX-Osprey’s staking rewards model could be the first of many new features that make crypto investing more attractive and accessible through traditional investment vehicles.

For investors betting on DeFi, staking, and smart contract adoption, these ETF innovations provide easier ways to participate without needing deep technical knowledge.

Big Companies Are Making More Big Crypto Purchases

TLDR

  • SharpLink picks up nearly $80k ETH.

  • MARA Holding raises nearly a billion dollars to buy BTC.

  • BTCS increased its holdings to around 70k ETH.

  • Metaplanet bought over 700 BTC, now holds around $2 billion worth.

The hits keep coming. Crypto has become big business. And over the last week, business has been really good. From gaming companies loading up on Ethereum to mining giants raising nearly a billion dollars for more Bitcoin, the institutional crypto buying spree is reaching fever pitch. 

Why so much crypto right now?

Excellent question. 

Hedging Against Inflation - Traditional cash loses value over time due to inflation. Companies are increasingly viewing Bitcoin and Ethereum as better stores of value.

Growth Potential - These companies believe cryptocurrencies will become more valuable over time. By buying now, they’re positioning themselves to benefit from potential future price increases.

Regulatory Clarity - The recent signing of the GENIUS Act has provided clearer rules for how companies can use cryptocurrencies. This regulatory certainty makes it easier for corporations to justify large crypto investments to their shareholders.

Question of the Week

From a YouTube comment - “What’s the big deal with Web2 platforms vs Web3? What makes Web3 better?”

Meme of the Week

Deep Dive - Solana ETF, SSK, Hits $100 Million in Just 12 Days

Crypto and TradFi have joined forces to give users and investors something pretty special. The REX-Osprey SOL + Staking ETF (ticker: SSK) crossed the $100 million mark in assets under management in just 12 trading days since launching on July 2nd. That’s lightning speed in the ETF world. We knew it had launched, but with all the regulatory issues going on, we weren’t paying much attention. We are now.

SSK isn’t your typical crypto ETF. While most crypto funds simply track the price of their underlying asset, this fund also allows you to earn staking rewards. Think of it as receiving dividends for holding Solana, except these rewards stem from helping to secure the Solana network itself.

The magic happens because of how SSK is structured legally. While most crypto ETFs are registered under the Securities Act of 1933 (which doesn’t allow staking rewards to be passed along to investors), SSK is registered under the Investment Company Act of 1940 (we have no idea how they pulled this off). 

If you’re new to crypto, you might be wondering why this is such a big deal. Traditional investing has always been about generating income from investments — whether through dividends, interest, or capital appreciation. Crypto has mostly been about price speculation, but staking changes that game entirely.

With SSK, investors get the best of both worlds. They can participate in Solana’s price movements (both up and down, remember) while also earning staking rewards that currently yield around 6-7% annually, which (kind of) makes up for the absurd .75% management fee of this ETF, which is one of the only things we don’t like about it. That’s income you’re earning just for holding the investment.

Question of the Week Answer

Web3 is often regarded as an advancement over Web2 for several reasons. Here are some of the most viable, in our opinion:

1. Decentralization

  • Web2: Centralized platforms (like Google, Facebook, and Amazon) dominate, controlling data, infrastructure, and decision-making.

  • Web3: Built on blockchain technology, Web3 operates on decentralized networks, reducing reliance on intermediaries and single points of failure.

2. User Ownership of Data

  • Web2: User data is stored and monetized by centralized companies, often without full transparency or user consent.

  • Web3: Users own and control their data through cryptographic wallets. They can decide how, when, and with whom to share their information, often earning rewards for doing so.

3. Transparency and Trust

  • Web2: Trust is placed in centralized entities, which can lead to issues like censorship, data breaches, or a lack of accountability.

  • Web3: Blockchain's public ledger provides transparency, as all transactions and changes are recorded and verifiable by anyone.

4. Permissionless and Inclusive

  • Web2: Access to platforms and services can be restricted by governments, corporations, or other gatekeepers.

  • Web3: Anyone with an internet connection can participate in Web3 ecosystems without needing permission, fostering inclusivity and global access.

5. Censorship Resistance

  • Web2: Centralized platforms can censor content or ban users at their discretion.

  • Web3: Decentralized networks make it more difficult to censor or remove content, thereby ensuring freedom of expression.

Closing Shenanigans

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