Chainfeeds Introduction:
The Altcoin treasury of listed companies has covered ETH, SOL, BNB, TRX, and HYPE.
Article Source:
https://www.odaily.news/post/5204629
Article Author:
Odaily
Perspective:
Odaily: SharpLink Gaming (NASDAQ: SBET), a NASDAQ-listed company previously focused on online technology for US sports betting and global iGaming, has been struggling with poor operations and consecutive losses in 2023 and 2024, with tight cash flow. A turning point occurred on May 27, 2025, when the company announced the issuance of over 69 million common shares or equivalent securities at $6.15 per share, expecting to raise approximately $425 million, and declared a strategy to start purchasing ETH as its primary reserve asset. This move directly boosted its stock price by over 650% on the announcement day, reaching a high of $79.21 on May 29. According to SEC filings, SharpLink Gaming plans to sell stocks to purchase up to $1 billion of ETH. On June 13, the company officially began purchasing ETH, spending $463 million to buy 176,000 ETH at an average price of $2,626. Subsequently, from June 16 to 20, it added another 12,200 ETH at an average price of $2,513, and continued to purchase nearly 6,000 ETH on June 26. To date, the company has invested approximately $507 million, accumulating 194,000 ETH with an average cost of $2,611 per ETH, currently showing an unrealized loss of about $36 million. DeFi Development Corp. (NASDAQ: DFDV, formerly Janover Inc.), a NASDAQ company primarily focused on commercial real estate fintech, has been experiencing consecutive losses from 2022 to 2024. On April 8, 2025, Janover Inc. first purchased 2,858 SOL at an average price of $134, officially initiating its transformation into a Solana treasury. Two weeks later, the company renamed itself to DeFi Development Corp. and changed its stock ticker to DFDV. On June 12, the company announced obtaining an equity financing limit of up to $5 billion for further Solana accumulation. Currently, the company holds 621,313 SOL, valued at approximately $90 million, becoming one of the significant SOL-listed treasury companies in the market. After announcing its transformation and treasury plan, DFDV's stock price rapidly increased, reaching a phase high of $50.28 on May 22, though it has since slightly declined, its Solana strategy has become the core pillar of its new business model. Eyenovia (NASDAQ: EYEN), originally a NASDAQ-listed company focusing on ophthalmological product development, including various micro-dose drugs for presbyopia, myopia, and mydriasis treatment, suffered a net loss of $50 million in 2024, nearly facing delisting. On June 17, 2025, Eyenovia completed a $50 million financing and announced the launch of a Hyperliquid token HYPE treasury strategy, becoming the first US-listed company to incorporate HYPE into its balance sheet. The company also plans to rename itself to Hyperion DeFi, with its stock ticker changing to HYPD. On the day of this announcement, the company's stock price surged 134%, reaching a phase high of $9.02 on June 25. On June 23, the company disclosed purchasing 1,040,584.5 HYPE tokens at an average price of $34, totaling nearly $38.5 million. This strategic move not only improved its asset condition but also marked its complete transformation from a traditional biotech enterprise to a crypto treasury company.
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