Strive, a top-five Bitcoin treasury company and asset manager, purchased 469 Bitcoin for about $36.6 million last week, bringing its holdings to 25,000 BTC.According to a Monday filing with the US Securities and Exchange Commission, Strive acquired the Bitcoin between Sept. 8 and Sept. 11 at an average price of $77,954 per BTC, including fees and expenses.The biggest crypto by market cap was last trading at $78,823, according to Coingecko data.Strive CEO Matt Cole said the purchase was funded entirely through proceeds from sales of SATA, the company’s perpetual preferred stock, which has now surpassed $1 billion in notional value outstanding. The filing shows SATA shares outstanding increased by 402,541 over the same period to about 10.4 million shares.As of Sept. 11, Strive also held $204.2 million in cash and cash equivalents and 505,000 shares of Strategy’s STRC preferred stock, valued at about $49.8 million.Strive became the fifth-largest publicly traded corporate Bitcoin holder in late August, when a 1,800-BTC purchase pushed it past crypto exchange Bullish. The company was co-founded in 2022 by now-Ohio Republican gubernatorial candidate Vivek Ramaswamy and became a publicly traded Bitcoin treasury company in September 2025 following its merger with Asset Entities.Related: Bitcoin rally sends crypto stocks soaring as miners, treasury companies jumpStrive valuation climbs alongside Bitcoin accumulationStrive’s Nasdaq-traded shares gained more than 7% on Monday to around $29, extending a rally that has seen the stock price more than double over the past month, according to Yahoo Finance data.The rally had already pushed Strive’s market capitalization above that of Metaplanet last week, despite the Japanese Bitcoin treasury company holding substantially more Bitcoin. As of Monday, Strive had a market capitalization of about $2.5 billion, compared with $1.9 billion for Metaplanet.Top 10 Bitcoin treasury companies. Source: BitcoinTreasuries.NETStrive’s rally has also pushed its shares above the $27 exercise price for warrants due to expire in mid-October. If warrant holders exercise them, they would buy Strive shares at $27 apiece, potentially providing the company with more than $700 million in new capital, according to BitcoinTreasuries.net.Cole said earlier this month that it was “not out of the realm of possibility” for Strive to become the second-largest publicly traded corporate Bitcoin holder by year-end, though he said that was not his base case.Magazine: Why are AI’s biggest companies suddenly asking to slow down?

The CLARITY Act is heading for a crucial US Senate procedural vote on Tuesday after President Donald Trump agreed to most of a bipartisan proposal to strengthen ethics restrictions around public officials’ crypto interests, according to various reports. However, the latest compromise hasn’t resolved all of the opposition, with a bipartisan group of state attorneys general now urging senators to reject the bill over concerns that it would weaken state oversight of the crypto industry.A coalition of 18 state attorneys general, led by New York Attorney General Letitia James, argued in a letter to Senate Banking committee leaders that the CLARITY Act would make it harder for states to take action against crypto companies accused of fraud or other misconduct.“While the current draft of the CLARITY Act reserves certain powers for states to prosecute fraud, the language is often ambiguous, unclear, or confined in ways that either create the opportunity to challenge state police powers or outright deprive the states of their ability to continue to combat the scam epidemic,” the letter said.Their opposition adds another complication for the legislation. While the revised bill would give state attorneys general a role in enforcing new ethics restrictions, the group argues that other provisions would weaken their authority to police the crypto industry.The CLARITY Act is considered a landmark piece of US crypto legislation that would establish a federal market structure for digital assets, clarify when crypto assets fall under securities or commodities laws and delineate oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).As Cointelegraph reported, Senate Majority Leader John Thune filed the cloture motion on CLARITY last month after lawmakers failed to advance the legislation before leaving Washington for their August recess. Tuesday’s procedural vote will determine whether the bill advances to Senate debate.Related: CLARITY Act vote meets Fed rate hike: Five things to know in Bitcoin this weekTrump agrees to tougher crypto ethics rulesThe state AGs weighed in just as lawmakers appeared to be making progress on another major sticking point in the CLARITY Act. The Associated Press reported Sunday that Trump had agreed to “about 80%” of a proposal from Republican Senator Thom Tillis and Democratic Senator Ruben Gallego, according to a senior GOP aide. The bill already barred federally elected officials, their spouses and federal judges from issuing digital assets, but the latest compromise would go further. Officials with a “significant” financial interest in a crypto issuer would be required to divest or place the interest in a blind trust. State attorneys general would also be given a role in enforcing the restrictions.The concessions address some of the concerns raised by Democrats and Tillis, who had argued that earlier ethics provisions did not go far enough to address potential conflicts involving Trump’s crypto holdings and business interests.Crypto in America, a publication co-hosted by Eleanor Terrett, said the weekend developments sparked a “renewed sense of optimism” across the digital asset industry. Republicans described the revised legislation as their “last, best and final offer” to Democrats ahead of Tuesday’s vote.Source: Eleanor TerrettThe crypto industry has pushed for the CLARITY Act to establish a federal market structure framework for digital assets, including clearer boundaries between the regulatory roles of the SEC and the CFTC.Related: BofA, Citi, Goldman Sachs among 21 institutions planning stablecoin launch

S&P Global has led a strategic investment in Kaiko, extending the Paris-based crypto market data provider’s Series B funding to $110 million as it expands its data infrastructure for tokenized financial markets.The round also included BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments.Kaiko said the funding will support its core digital asset market data business and its push into onchain financial infrastructure, including data services for tokenized Treasury bills, money market funds, equities and bonds. The participating investors will also join a Kaiko-led industry working group focused on developing data and infrastructure for tokenized financial products.Kaiko CEO Ambre Soubiran said the investors span several key areas of digital asset markets, including pricing, trading, capital allocation and blockchain development, and would serve as partners in building infrastructure for institutional onchain finance.The funding follows a series of moves by Kaiko to expand its institutional data business. The company acquired MiCA-regulated onchain infrastructure provider Cometh in May and US digital asset data provider Amberdata in June, after partnering with Bloomberg in February to bring licensed financial data onchain.Related: Kaiko flags possible front-running before Robinhood token listingsWall Street moves closer to tokenizationKaiko’s funding comes as major US market operators and financial infrastructure firms expand their use of blockchain technology for trading, settlement and collateral management.In March, New York Stock Exchange parent Intercontinental Exchange (ICE) signed an agreement with Securitize to develop infrastructure and standards for tokenized securities. The agreement builds on ICE’s January plan for a tokenized securities trading platform designed to support 24/7 trading and instant settlement.That same month, Nasdaq received SEC approval to pilot trading of tokenized stocks and ETFs alongside traditional securities. Nasdaq also partnered with Kraken parent Payward to develop infrastructure connecting regulated equity markets with onchain tokenized equities.In July, the Depository Trust & Clearing Corporation (DTCC) conducted production trades using DTC-tokenized assets with more than 30 financial firms ahead of a planned October launch of its tokenization service. DTC, a DTCC subsidiary, provides custody and asset servicing for $114 trillion in securities.The push toward round-the-clock markets has drawn attention from US regulators. The SEC is scheduled to hold a roundtable on Sept. 17 on preparations for 24-hour trading in US equities, including market readiness, operational resilience, investor protections and potential future expansion toward 24/7 trading.One of three SEC panels scheduled for Sept. 17. Source: SEC

Bitmine Immersion Technologies added to its Ether holdings last week while projecting hundreds of millions of dollars in annual staking revenue, highlighting how its massive ETH treasury could generate income even during volatile market conditions.In a Monday announcement, Bitmine said it acquired 27,180 ETH last week, bringing its holdings to more than 5.95 million ETH, worth roughly $15.4 billion and representing about 4.9% of Ether’s circulating supply. Including cash and other crypto assets, Bitmine reported total holdings of approximately $15.8 billion.Bitmine said more than 5.06 million ETH is now staked, generating an estimated $334 million in annualized staking revenue at current rates.With roughly 85% of its ETH now staked, Bitmine is turning its crypto treasury into a potentially significant source of recurring revenue. For comparison, Grayscale Ethereum Staking ETF (ETHE), the first spot Ether US exchange-traded product, has 84.6% of its Ether holdings staked, according to the fund’s webpage.The company’s strategy also offers a key advantage over Bitcoin treasury companies, whose core BTC holdings do not generate native staking yield. Bitmine shares were little changed on Monday, trading just below $25 in morning trading. The stock has gained nearly 38% over the past month but remains down year to date, according to Yahoo Finance data.Related: Bitmine buys 28k ETH, completes 97% of treasury accumulation goalStrategy skipped Bitcoin purchases last weekWhile Bitmine continued adding to its Ether treasury, Michael Saylor’s Strategy went a second consecutive week without buying Bitcoin (BTC), directing capital toward its preferred stock instead.Strategy repurchased about 1.42 million shares of its STRC preferred stock for $139.3 million between Sept. 8 and Sept. 13. The company also bought back $176.3 million worth of STRC the previous week, according to a Monday filing.Strategy’s Bitcoin holdings remained unchanged at 845,050 BTC as of Sept. 13. Its last purchase came in late August, when the company acquired 4,603 BTC for $369.7 million.In the final week of August, Strategy purchased 4,603 BTC for roughly $370 million, marking its first Bitcoin purchase since June. The subsequent pause, alongside the significant STRC buybacks in recent weeks, shows how the company is balancing Bitcoin accumulation with support for its preferred stock.Related: Crypto Biz: AI took a back seat when Bitcoin started climbing