Bitcoin hit new all-time highs above $122,000 on Monday, up 29% in 2025, overtaking gold’s 27% gains year to date. Key takeaways: Bitcoin's new highs above $122,000 translate to 29% year-to-date gains, overtaking gold’s 27%. BTC price uptrend remains resilient as an ascending parallel channel targets $125,000 next. Read more
Now the largest known corporate Ether treasury, SharpLink Gaming acquired nearly $49 million worth of ETH. NASDAQ-listed sportsbook marketing firm SharpLink Gaming bought almost $49 million worth of Ether (ETH) on Sunday, as ETH prices soared past $3,000. The company, whose board is chaired by Ethereum co-founder Joseph Lubin, has been all-in on ETH since late May. This transaction brings SharpLink Gaming’s total treasury value to 198,300 ETH, worth nearly $608 million at time of writing. According to onchain analytics service Arkham Intelligence and blockchain explorer Etherscan, a wallet belonging to SharpLink Gaming received 16,370 ETH worth $48.7 million on Sunday, from a wallet likely controlled by Ethereum development organization Consensys. Read more
Biotech firm Sonnet is merging with Rorschach to form Hyperliquid Strategies, which aims to become HYPE token’s largest United States-listed holder. Nasdaq-listed biotech company Sonnet BioTherapeutics announced a strategic pivot into crypto, unveiling an $888 million entity to launch a Hyperliquid (HYPE) digital asset treasury. On Monday, Sonnet said it formed a business combination with the newly created Rorschach to launch a treasury strategy focused on the HYPE token, the native crypto token of the fast-growing Hyperliquid ecosystem. The deal includes transforming Sonnet into Hyperliquid Strategies Inc. (HSI), which is expected to be the largest United States-listed public company holding the HYPE token on its balance sheet. The company aimed to hold 12.6 million HYPE tokens, worth about $583 million when the agreement was made. Read more
Michael Saylor’s Strategy made a fresh $472.5 million investment in Bitcoin to see total holdings cross 600,000 BTC as the cryptocurrency surged past new highs. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made another major investment in the asset during the past week as BTC surged to new historic highs of $118,000. Strategy acquired 4,225 Bitcoin (BTC) for $472.5 million last week, the company announced in a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin buy averaged $111,827 per coin, with BTC surging from about $108,000 on July 7 to $118,000 by the end of the week, according to CoinGecko. Read more