Corporate Crypto Frenzy: Firms Move to Buy Over $7.8 Billion in Digital Assets

In what appears to be one of the largest corporate moves into crypto to date, a wave of crypto treasury companies is preparing to purchase over $7.8 billion worth of digital assets this week. Since Monday, 16 companies have either declared intentions to buy crypto or announced fundraising plans geared toward digital asset accumulation, with Ether being the most sought-after. More than $3 billion worth of ETH has been bought or committed to by just five public firms—roughly 45 times the amount of ETH newly issued this week. The surge marks a rising trend of corporate entities, especially from traditional finance backgrounds, adopting digital asset strategies amid limitations in directly accessing crypto exchange-traded products. Ethereum Steals the Spotlight Amid Corporate Shift Bitcoin miner BTCS Inc. led this week’s Ethereum charge, filing plans on Tuesday to raise up to $2 billion for ETH purchases. Joe Lubin’s Sharplink Gaming, already among the largest Ethereum treasury firms , added $338 million worth of ETH across two major transactions earlier this week. Another player, The Ether Machine, acquired 15,000 ETH—valued at approximately $57 million—adding to the bullish ETH momentum. Additionally, two firms underwent full-scale rebranding to reflect their new crypto ambitions. Biotech firm 180 Life Sciences Corp has now become ETHZilla Corporation following a $425 million pivot toward Ethereum. Meanwhile, merchant bank Fundamental Global rebranded to FG Nexus, dedicating $200 million to ETH acquisition. Altcoins in Treasury Crosshairs Meanwhile, a host of altcoins also saw demand. Tron Inc., now controlled by Justin Sun’s blockchain venture, revealed plans to raise $1 billion to acquire TRX tokens. Three other companies showed interest in tokens like Solana, Sui, and BNB. One standout was CEA Industries, a Canadian vape company repurposed into a BNB-focused treasury firm after a takeover by 10X Capital and YZi Labs. Described as the family office of Binance co-founder Changpeng Zhao, the firm aims to raise between $500 million and $1.25 billion to purchase BNB. Tech firm Cemtrex Inc. entered the Solana market with a $1 million purchase and ambitions to grow that to $10 million. Meanwhile, Mill City Ventures III sealed a $450 million pivot to Sui token investments. Bitcoin Not Behind Bitcoin wasn’t left behind. Seven companies committed or proposed a combined $2.7 billion worth of BTC purchases. Strategy led with a $2.5 billion raise and the acquisition of 21,021 Bitcoin. Others include The Smarter Web Company with $26.5 million spent on 225 BTC, and Metaplanet, which bought 780 BTC for $92 million. ZOOZ Power Ltd., an energy firm, also entered the scene with a $180 million Bitcoin strategy. Still, analysts like Galaxy Research’s Will Owens warn of valuation risks, noting that investors often apply significantly different premiums based on a company’s crypto holdings. The post Corporate Crypto Frenzy: Firms Move to Buy Over $7.8 Billion in Digital Assets appeared first on TheCoinrise.com .