PANews reported on August 12th that Grayscale announced the establishment of two single-asset trusts, DeepBook and Walrus , which hold the native tokens of the Sui blockchain, DEEP and WALPANews reported on August 12th that Grayscale announced the establishment of two single-asset trusts, DeepBook and Walrus , which hold the native tokens of the Sui blockchain, DEEP and WAL

Grayscale Launches DeepBook and Walrus Trust, Deploying Key Protocols for the Sui Ecosystem

2025/08/12 21:06

PANews reported on August 12th that Grayscale announced the establishment of two single-asset trusts, DeepBook and Walrus , which hold the native tokens of the Sui blockchain, DEEP and WAL , respectively. DeepBook provides a liquidity layer for decentralized financial applications on the Sui network, while Walrus focuses on on-chain data storage and privacy, supporting cross-chain applications. The two tokens have a market capitalization of $ 372 million ( DEEP ranks 226th ) and $ 559 million ( WAL ranks 168th ), respectively. Their prices have fallen by approximately 5% and 3% , respectively, over the past 24 hours. The trust products are open only to qualified investors with daily subscriptions and do not promise secondary market trading.

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Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin!

Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin!

The post Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin! appeared on BitcoinEthereumNews.com. While the number of Bitcoin (BTC) treasury companies continues to increase day by day, another Nasdaq-listed company has announced its purchase of BTC. Accordingly, live broadcast and e-commerce company GD Culture Group announced a $787.5 million Bitcoin purchase agreement. According to the official statement, GD Culture Group announced that they have entered into an equity agreement to acquire assets worth $875 million, including 7,500 Bitcoins, from Pallas Capital Holding, a company registered in the British Virgin Islands. GD Culture will issue approximately 39.2 million shares of common stock in exchange for all of Pallas Capital’s assets, including $875.4 million worth of Bitcoin. GD Culture CEO Xiaojian Wang said the acquisition deal will directly support the company’s plan to build a strong and diversified crypto asset reserve while capitalizing on the growing institutional acceptance of Bitcoin as a reserve asset and store of value. With this acquisition, GD Culture is expected to become the 14th largest publicly traded Bitcoin holding company. The number of companies adopting Bitcoin treasury strategies has increased significantly, exceeding 190 by 2025. Immediately after the deal was announced, GD Culture shares fell 28.16% to $6.99, their biggest drop in a year. As you may also recall, GD Culture announced in May that it would create a cryptocurrency reserve. At this point, the company announced that they plan to invest in Bitcoin and President Donald Trump’s official meme coin, TRUMP token, through the issuance of up to $300 million in stock. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/another-nasdaq-listed-company-announces-massive-bitcoin-btc-purchase-becomes-14th-largest-company-theyll-also-invest-in-trump-linked-altcoin/
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BitcoinEthereumNews2025/09/18 04:06