Treasury Management
MSCI has proposed reclassifying companies with large Bitcoin treasuries as investment funds; Michael Saylor argues these are operating businesses holding Bitcoin as corporate balance sheet assets, not funds.
SharpLink reported $10.8 million in Q3 revenue, an 1,100% year-over-year increase, with net income jumping to $104.3 million thanks to an aggressive Ethereum-focused treasury strategy. The quarter marks a dramatic turnaround from a $885,000 net loss a year earlier.
Michael Saylor’s MicroStrategy boosted its Bitcoin holdings this week, buying 487 BTC—about $50 million—as part of a growing $67 billion crypto treasury. The move underscores continued institutional appetite for Bitcoin amid broader market dynamics.
Republic obtained a $100M zero-interest financing facility to acquire ETH and scale staking services. The move highlights growing institutional appetite for using ETH as a treasury asset and income generator, but it also raises questions about concentration, liquidity and operational risk.