The growing trend of companies adding digital assets to their treasuries continues to gain momentum, even amidst market fluctuations. A total of $1.75 billion will be allocated towards BNB, Solana, and Ethereum by public companies in the United States, Hong Kong, and China.
China Renaissance Holdings has announced plans to invest approximately $100 million in BNB as part of a strategic partnership with YZi Labs. This collaboration aims to develop SFC-compliant digital asset products and listings in Hong Kong while establishing a fund that tokenizes traditional assets on the BNB Chain. The company’s strategy involves holding a proprietary BNB position and facilitating compliant market access and real-world asset issuance using the chain’s infrastructure.
B Strategy, on the other hand, has outlined a U.S.-listed BNB treasury company with a fundraising target of $1 billion. With support from YZi Labs, the company intends to actively manage BNB, invest in core technology and grants, and adhere to public-company reporting and custody standards. The management team includes executives with experience at Metalpha and Bitmain, and significant interest has been expressed by Asia-based family offices.
Sharps Technology (Nasdaq: STSS) has priced a private placement exceeding $400 million to support a SOL-denominated treasury program. Investors can participate by funding units at $6.50 with stapled warrants exercisable at $9.75 over a three-year period. The company plans to acquire SOL in the open market and establish treasury operations. Additionally, a non-binding letter of intent has been signed with the Solana Foundation for the purchase of $50 million of SOL at a discounted rate, subject to specific conditions.
ETHZilla (Nasdaq: ETHZ) has authorized a $250 million share repurchase program and disclosed holding 102,237 ETH acquired at an average price of $3,948, valued at approximately $489 million. The company also holds around $215 million in U.S. dollar cash equivalents. ETHZilla intends to deploy its Ethereum through Electric Capital’s Electric Asset Protocol for on-chain yield generation, with the buyback program authorized until June 30, 2026.
These developments highlight a multi-chain approach to treasury management that spans various jurisdictions and financing methods. The companies emphasize the importance of compliance, custody, and reporting frameworks in their strategies, as well as the integration of ecosystem development, technology investments, and real-world asset tokenization. The majority of the $1.75 billion allocation is dedicated to token accumulation, with $1.5 billion earmarked for planned BNB and SOL purchases, and $250 million reserved for share repurchases.
Overall, the actions taken by these companies underscore the accelerated pace of crypto treasury acquisition and the growing significance of digital assets in corporate financial strategies. The integration of blockchain technology and decentralized finance solutions into traditional business models is reshaping the landscape of global finance and investment.