Stocks

ARK Invest purchased 48,454 BitMine shares valued at approximately $2 million on November 8, 2025, across three ETFs. The firm simultaneously sold 71,638 Tesla shares worth roughly $30 million. BitMine maintains 3.4 million ETH in its corporate treasury as part of its digital asset strategy initiated in April 2025.

21Shares filed Form S-1 Amendment No. 3 for a spot XRP exchange-traded fund on November 8, 2025, according to Bloomberg analyst Eric Balchunas. The submission initiates a 20-day SEC review period under Section 8(a) of the U.S. Securities Act. If no objections emerge, the ETF could become effective automatically, potentially opening institutional access to XRP.

JPMorgan Chase owned 5,284,190 shares of BlackRock's iShares Bitcoin Trust (IBIT) worth $343 million at the end of Q3 2025, according to regulatory filings. The position represents a 64% increase from the 3.22 million shares the bank reported in Q2. IBIT, which holds actual Bitcoin in cold storage through custodian Coinbase, is part of a spot Bitcoin ETF sector that collectively manages $110 billion across 11 issuers.

Strategy Inc. has completed a $715 million Series A Perpetual Stream Preferred Stock offering at $80 per share, with proceeds earmarked for Bitcoin purchases and operational liquidity. The offering exceeded its initial $405 million target due to strong institutional demand. The company's Bitcoin holdings now total 641,205 BTC with a cumulative acquisition cost of approximately $47.49 billion.

JPMorgan Chase expanded its position in BlackRock's iShares Bitcoin Trust by approximately 2.07 million shares during the third quarter, reaching a total of 5.28 million shares valued at around $333 million as of September 30. The bank's ethereum ETF allocation remained minimal at 66 shares worth approximately $1,700. The expansion comes as JPMorgan analysts project bitcoin could reach $170,000 within six to 12 months.

JPMorgan increased its December 2026 price target for IREN to $28 from $24, citing the company's $9.7 billion Microsoft contract as validation of its pivot from bitcoin mining to AI infrastructure. Analysts project IREN will need to deploy approximately 120,000 GPUs and 320 megawatts of capacity within 13 months. The buildout is expected to require more than $9 billion in capital expenditure despite Microsoft's upfront payment.

Robinhood is evaluating whether to add Bitcoin to its corporate balance sheet, Treasurer Shiv Verma said during the Q3 2025 earnings call on Wednesday. Crypto trading accounted for 20% of quarterly revenue after rising 67.5% to $268 million. HOOD stock declined over 10% amid broader weakness in crypto-linked equities.

Coinbase submitted recommendations to the U.S. Treasury on November 5, 2025, regarding implementation of the GENIUS Act. The exchange called for precise regulations that foster stablecoin innovation while protecting consumers. Coinbase emphasized that payment stablecoins should be treated as cash equivalents for tax purposes and warned against broad interpretations of the Act's interest prohibition provisions.

Tokyo-listed Metaplanet executed a $100 million Bitcoin-backed borrowing on October 31st, utilizing part of a $500 million credit facility. The company holds 30,823 BTC valued at approximately $3.33 billion, ranking seventh among corporate Bitcoin holders globally. Proceeds will fund additional Bitcoin acquisitions, income-generating operations, and potential share buybacks.

Tokyo-listed cryptocurrency treasury firm MetaPlanet raised $100 million using its Bitcoin holdings as collateral on November 6, 2025. The funds will support revenue-generating operations, share repurchases, and additional Bitcoin acquisitions. The company currently holds 30,823 BTC valued at approximately $3.51 billion, with the loan representing 3% of its total Bitcoin treasury.