LATEST: Hong Kong’s HashKey Announces $500 Million Treasury Fund Plan

Crypto exchange HashKey has announced the creation of a $500 million fund aimed at investing in digital asset treasury companies. As one of Hong Kong’s first licensed exchanges, HashKey plans to develop a diversified portfolio centered on leading cryptocurrencies, with an initial focus on bitcoin (BTC) and ether (ETH).

The company said the fund is designed to act as “an institutional bridge between traditional financial capital and on-chain assets,” by promoting standardized management practices in the crypto space. The move comes as more firms adopt treasury strategies for holding digital assets, a trend popularized by MicroStrategy’s Michael Saylor, whose company now holds over 600,000 BTC.

HashKey’s initiative follows similar moves from other corporations building large reserves of bitcoin and ether. Recent examples include BitMine, a crypto mining company, and SharpLink Gaming, a sports betting firm, both of which have adopted digital asset treasury strategies to align with growing institutional demand for crypto exposure.

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LATEST: Kazakhstan President Commands Creation Of National Bitcoin Reserve

Kazakhstan has announced plans to establish a state fund for digital assets, with a focus on building a strategic bitcoin reserve. President Kassym-Jomart Tokayev confirmed the initiative will be managed under the National Bank’s investment corporation, aiming to strengthen oversight and risk management. Authorities say this step will accelerate the development of a national digital asset ecosystem while positioning Kazakhstan as a major crypto hub.

Officials highlighted the country’s strong regulatory framework as a foundation for the bitcoin reserve, with support also coming from the financial sector and international crypto exchanges. At the same time, the government is expanding the use of its central bank digital currency (CBDC), the digital tenge, already in circulation and tested across multiple sectors.

Beyond finance, Tokayev outlined broader directives to foster innovation, including a $1 billion high-tech investment program and AI-focused education initiatives. By combining crypto adoption with digital reforms, Kazakhstan seeks to modernize its economy and attract global investors.

Ex-Symbolic principal joins Pantera to help with crypto-AI investing

Former Symbolic Capital principal Sam Lehman is taking on a new role as a junior partner at Pantera Capital, Blockworks has learned exclusively.

Pantera brought Lehman in for his expertise on investments at the intersection of crypto and AI, Lehman said. The crypto VC is stocking the cupboard shortly after its first closing for Pantera Fund V, which is targeting a $1 billion raise. Pantera general partner and portfolio manager Cosmo Jiang has implied a significant amount of the new fund will be earmarked for crypto-AI bets.

Pantera is one of the largest and oldest crypto venture firms, having grown to $4.8 billion in assets under management since its 2013 founding. It has cut the…

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Shifts in strategy, increased transparency may help DATs evolve

This is a segment from the Empire newsletter. To read full editions, subscribe.

If you’re waiting for the conversation to shift away from Digital Asset Treasury companies, prepare to wait longer. Same goes for those anticipating a cascade of implosions.

“ You probably end up having an evolution of these DATs, where instead of just putting a one-to-one token in it, DATs basically become this vehicle through which capital ends up getting mobilized in the TradFi world and then deployed onchain at scale,” Yano posited on today’s Empire podcast to Ethena Labs CEO Guy Young.

With that in mind, Yano wondered whether the over-leveraged blowups at the end of 2021 and into…

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New CLARITY Act Draft Could Shield Bitcoin And Crypto Developers From Past Liability

On Friday, the U.S. Senate Banking Committee released its latest draft of the CLARITY Act (CLARITY), in which it proposes an amendment to 18 U.S. Code § 1960(a) stipulates that only crypto developers or providers that “knowingly exercise control over currency, funds, or other value that substitutes for currency” be treated as money transmitting businesses.

The first page of the Senate Banking Committee’s latest version of CLARITY.

What is more, this amendment would not only protect Bitcoin and crypto developers in the wake of a bill with this language included in its passing, but it would also protect said developers retroactively.

In Section 501 of section Title V of…

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Michael Saylor’s Strategy Bought Additional Bitcoin Irrespective Of The Price

Michael Saylor’s Strategy continues its aggressive Bitcoin accumulation strategy, announcing the purchase of 1,955 BTC for $217.4 million at an average Bitcoin price of $111,196 per coin. The latest acquisition brings the company’s total Bitcoin holdings to 638,460 BTC, maintaining its position as the largest corporate holder of Bitcoin globally.

The purchase comes amid a period of market stability, with Bitcoin trading between $110,500 and $112,200, and follows Strategy’s recent exclusion from the S&P 500 index in favour of Robinhood (HOOD). Despite this setback and recent shareholder criticism, Executive Chairman Michael Saylor remains committed to the company’s…

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LATEST: Michael Saylor’s Strategy Adds Another 1,955 Bitcoin Worth $217 Million

Strategy has strengthened its Bitcoin position, acquiring 1,955 BTC for approximately $217.4 million at an average price of $111,196 per coin. This bold move underscores the company’s commitment to its digital asset strategy, especially as Bitcoin continues to demonstrate long-term strength.

The firm’s Bitcoin yield has already surged 25.8% year-to-date in 2025, showcasing how early accumulation and conviction in the crypto market are paying off. By steadily increasing its holdings, Strategy is reinforcing its role as one of the largest institutional players in the Bitcoin space.

As of September 7, 2025, Strategy now holds a staggering 638,460 BTC, acquired for around $47.17 billion at an average cost of $73,880 per coin. This immense reserve highlights not only the growing corporate adoption of Bitcoin but also the belief that crypto remains the most powerful hedge against inflation and currency debasement.

Metaplanet Buys The Dip — Securing A Massive Bitcoin Position As Price Stays Below $112,000

Japanese publicly listed giant Metaplanet has acquired an additional 136 Bitcoin worth approximately $15.2 million (¥2.251 billion), bringing its total holdings to 20,136 BTC, according to a filing with the Tokyo Stock Exchange on Monday.

The latest purchase, made at an average price of $111,666 (¥16.55 million) per Bitcoin, demonstrates the company’s aggressive accumulation strategy as it races toward its ambitious target of 100,000 BTC by 2026. Metaplanet has now invested a total of $2.08 billion (¥304.56 billion) in Bitcoin at an average Bitcoin price of $103,196 (¥15.13 million) per coin. The company’s rapid accumulation has positioned it as the sixth-largest public…

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LATEST: Metaplanet Adds 136 Bitcoin Strengthening Strategy Toward 2026 Growth Goal

Japanese bitcoin treasury firm Metaplanet has strengthened its crypto position by acquiring an additional 136 BTC, valued at roughly $15.2 million. The company continues to show confidence in bitcoin as a long-term investment.

CEO Simon Gerovich announced on X that the purchase was made at an average price of $111,666 per bitcoin. With this move, Metaplanet’s total holdings have now reached 20,136 BTC, accumulated for approximately $2.08 billion at an average cost of $103,196 per coin.

Data from BitcoinTreasuries shows Metaplanet now ranks sixth globally among publicly traded companies with the largest bitcoin reserves. It sits behind Strategy, Mara, XXI, Bitcoin Standard Treasury Company, and Bullish. Michael Saylor’s Strategy remains at the top, holding 636,505 BTC.