Kraken Secures $20B Valuation After $800M Funding Round

An accumulator strategy warned it could draw on bitcoin reserves to preserve dividend payments if its share price falls toward net asset value. Such a sale would be rare and could add short-term selling pressure on BTC.

Token Cat’s board approved a policy to allocate up to $1 billion of its cash reserves to select digital assets, joining other tech firms revising treasury strategies. The move signals cautious corporate adoption of crypto exposure while preserving flexibility on timing and asset selection.

Kraken announced it will acquire Switzerland-based Backed Finance, the tokenization firm it has already partnered with on its xStocks tokenized equity product. The deal aims to deepen Kraken’s real-world asset capabilities and expand its tokenized equity offering.

Kazakhstan’s central bank said it is prepared to allocate up to $300 million to purchase crypto assets, the governor told reporters on Nov. 29, 2025. The announcement marks a notable state-level engagement with digital assets.

Upbit suspended deposits and withdrawals for tokens on the Solana network after detecting unusual activity, citing a precautionary pause while it investigates. Users should monitor official Upbit channels for updates and instructions.