When BitMine invests another $150 million in Ethereum reserves in a single week, and the Massimo board approves a five-year Bitcoin allocation strategy, the total scale of cryptocurrency deployment disclosed by global listed companies last week exceeded $210 million, clearly announcing that corporate crypto allocation has moved beyond "experimental purchases" and has fully entered a new phase of "structured treasury strategy" with a clear framework, long-term planning, and revenue strategies.

1. Bitcoin: Continuous Accumulation and Innovative Financing Models

Diverse Accumulation Paths:

• American Bitcoin (NASDAQ:ABTC): Increased holdings by 363 BTC, raising total holdings to 4,367 BTC, continuing its growth trajectory as a professional BTC holding company.

• ANAP Lightning Capital (TSE:3189): Increased holdings by 54.5 BTC, bringing total holdings to 1,200 BTC, with a stable investment model among Japanese companies.

• Hengyue Holdings (HKEX:01723): Purchased approximately 7 BTC (about $604,000) again, demonstrating the continued allocation of cash reserves by Hong Kong stock companies.

Mature Financing and Purchasing Model:

• Lion Group Holding (NASDAQ:LGHL): By amending the convertible bond agreement, $8 million of the net proceeds from $9.984 million in financing will be specifically used to purchase Bitcoin, reflecting the standardization of the "financing-purchase" chain.

• Hamak Strategy (LSE:HAMA): Completed £2.5 million in financing, with funds to be used to advance the Bitcoin treasury strategy, showing the replicability of this model in the European market.

1. Ethereum: Scaling of Treasury Led by BitMine

BitMine (NYSE:BMNR) is advancing on two fronts, highlighting its strategic focus:

1. Acquired approximately $150 million worth of ETH, continuously expanding its scale advantage as a core ETH treasury in the market.

2. Simultaneously purchased 7,080 ETH (about $19.8 million), further increasing holding density.

• Its strategy of "continuous, large-scale accumulation of ETH" aims to gain long-term ecological influence and staking returns by controlling a significant supply.

1. Diversified Allocation and Revenue Strategies: From Holding to Earning

Onfolio Holdings (NASDAQ:ONFO) has set a model with its portfolio strategy:

• Holdings include: 5 BTC, 318 ETH, 6,771 SOL (total investment of $2.45 million).

• ETH and SOL have been staked to generate additional income, practicing a "allocation + earning" composite treasury strategy to maximize asset efficiency.

1. Strategic Upgrade: From Authorization to Long-term Planning

Financing authorization provides flexibility:

• SMX (NASDAQ:SMX): Reached a stock purchase agreement with Target Capital for up to $111.5 million, planning to use part of the net proceeds to purchase Bitcoin or other cryptocurrencies and include them in long-term reserves. This open authorization provides significant asset selection flexibility (agreement announcement).

Long-term strategic framework:

• Massimo (NASDAQ:MAMO): The board officially approved the inclusion of Bitcoin in the company's long-term treasury strategy, planning to invest no more than 10% of total assets in BTC over the next five years. This budgeted and time-bound planning is a hallmark of structured treasury strategy.

1. Trend Insights: Three Elements of "Structured" Treasury Strategy

This week's dynamics reveal the core characteristics of corporate crypto treasury evolving towards "structuring":

1. Long-term strategy: Evolving from one-time purchases to long-term planning with clear timeframes (e.g., 5 years) and budget proportions (e.g., 10% of assets).

2. Specialized funding sources: Financing through convertible bonds, equity agreements, and other tools, with explicit agreements on using funds for crypto asset allocation, directly linking treasury expansion with capital markets.

3. Composite asset returns: Evolving from simple holding to active management, obtaining returns through staking and other means, transforming the treasury from a cost center to a potential profit center.

PwC's latest report indicates that the proportion of listed companies with written crypto treasury policies is expected to surge from 19% to 47% in the second half of 2025, accelerating the structuring process.

From BitMine fighting for scale to Massimo planning for the next five years, the $210 million weekly funding is not just a signal of "buying," but also a footnote to the evolution of corporate financial management thinking. Crypto assets are being systematically and strategically integrated into the long-term balance sheets of companies, which may be more significant than any short-term price fluctuations.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。