Reitar Logtech Announces $1.5 Billion Bitcoin Acquisition Plan

Reitar Logtech Holdings Ltd., a Hong Kong-based firm operating in real estate and logistics technology, has officially announced plans to purchase up to $1.5 billion worth of Bitcoin. The move was disclosed in a June 2 filing with the U.S. Securities and Exchange Commission (SEC). 

According to the filing, the strategic Bitcoin acquisition is intended to bolster Reitar’s treasury reserves while accelerating the company’s global expansion in logistics technology infrastructure. The announcement aligns Reitar Logtech with a growing number of international firms turning to Bitcoin as a reserve asset. 

By incorporating Bitcoin into its financial strategy, Reitar Logtech…

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Yuga Labs sells off Moonbirds IP as push to clean house continues

This is a segment from The Drop newsletter. To read full editions, subscribe.

Yuga Labs is cleaning house.

The crypto startup, known for creating the Bored Ape Yacht Club NFTs and promising a massive metaverse game called Otherside, has continued to purge itself of all the other NFT IP it’s acquired in recent years.

Yuga has now sold off Kevin Rose’s Moonbirds IP, which it bought via an acquisition of Proof Labs in 2024, to a company called Orange Cap Games. Quick sidenote: Rose is now rebooting his old news site Digg with a crypto wallet integration.

“Moonbirds deserve a team whose whole world is the birds, and there’s no one better than Orange Cap Games to help…

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NBX Acquires Bitcoin, Becomes First Public Bitcoin Treasury Company In Norway

Norwegian Block Exchange (NBX), a leading Nordic cryptocurrency exchange and digital asset platform, announced that it has added Bitcoin to its balance sheet, marking a national milestone as the first publicly listed company in Norway to hold Bitcoin as part of its treasury strategy.

The company has secured 6.0 Bitcoin and plans to increase its holdings to 10.0 within June. The assets, loaned from NBX’s largest shareholders, will be used as collateral to issue USDM, a MiCA-compliant stablecoin. NBX said it aims to generate yield through Bitcoin and the USDM ecosystems.

“NBX will not sell this Bitcoin or go short in any form,” the company said. “With reference to the…

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The MicroStrategy playbook: The good, bad and ugly

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

A specter is haunting crypto — the specter of cheap leverage.

“Digital Asset Treasury companies” (DATs) are assembling stockpiles of bitcoin by funding it with primarily cheap debt and equity.

It’s particularly weird because it’s not just financial services companies in the mix. GameStop has bought 4,710 BTC, the Japanese hotel business Metaplanet has built up $930 million in BTC holdings, and the Singapore-based Basel Medical Group announced a purchase agreement of up to $1 billion in BTC.

Not one to be left out of the spotlight, Trump Media also announced its own $2.5 billion…

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LATEST: Publicly Traded NBX Becomes First Bitcoin Treasury Company in Norway

Norwegian Block Exchange (NBX) has made history by becoming the first publicly listed company in Norway to hold Bitcoin on its balance sheet. The move marks a major step in aligning its strategy with the growing role of Bitcoin in the global financial system. The initial allocation includes 6 Bitcoin with plans to increase to 10 by June as part of a proof of concept.

NBX has already gained attention by issuing the world’s first credit card offering Bitcoin cashback. Now the company aims to generate Bitcoin yield for its private and corporate customers using its secure custody solutions. It will also become the only European issuer of a MiCA-compliant stablecoin on the Cardano blockchain called USDM using Bitcoin as collateral.

NBX will not sell or short the Bitcoin instead it will use it to improve operational efficiency and attract capital from investors seeking Bitcoin exposure through Norwegian public markets. The company is also planning a Bitcoin treasury event on June 11 to expand awareness.

Source

Bitcoin whale watching is a sport for having fun, staying poor

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

About 15 million people go whale watching every year — many in places like Mozambique, Costa Rica and Sri Lanka.

Stuck in Iceland, a travel magazine, labeled whale watching “a demanding contact sport where you battle the elements while looking for creatures that care nothing, whether you see them or not. 

“Sometimes you are lucky, and the whales take a long time when they are visible. Sometimes they move fast, pop up all over the place, and you must be quick to see them.”

Today’s post celebrates Bitcoin’s version of the sport. So grab your spray jacket and binoculars, and…

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Metaplanet Acquires 1,088 More Bitcoin, Bringing Total Holdings To 8,888 BTC

Metaplanet, Japan’s leading Bitcoin treasury firm, has purchased an additional 1,088 Bitcoin for approximately ¥16.89 billion at an average price of ¥15,519,019 per BTC. This acquisition raises the company’s total Bitcoin holdings to 8,888 BTC, with a cumulative purchase cost of ¥122.27 billion at an average price of ¥13,756,658 per BTC.

The company continues to report gains under its BTC Yield metric, a proprietary KPI that measures Bitcoin accumulation per share. Quarter-to-date (QTD), as of June 2, 2025, Metaplanet’s BTC Yield stands at 66.3%, following previous QTD yields of 95.6%, 309.8%, and 41.7% over the last three quarters. Total BTC Gain for Q2 2025 is 2,684…

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Sberbank, Russia’s Biggest Bank, Launches Structured Bond Tied To Bitcoin

Sberbank, the largest bank in Russia, has launched a new structured bond that ties investor returns to the performance of Bitcoin and the U.S. dollar-to-ruble exchange rate. This new financial product represents one of the first moves by a major Russian institution to offer Bitcoin-linked investments under recently updated national regulations.

The structured bond is initially available over the counter to a limited group of qualified investors. According to the announcement, it allows investors to earn based on two factors: the price performance of BTC in U.S. dollars and any strengthening of the dollar compared to the Russian ruble.

Unlike typical Bitcoin investments,…

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Stay True To These Principles And The Future Is Ours, Says Ross Ulbricht

Last week, Ross William Ulbricht, at the 2025 Bitcoin Conference in Las Vegas, gave a speech about the principles of freedom, decentralization and unity.

Ross Ulbricht started by talking about his experience in prison and the price difference when he got into prison compared to now.

“When I launch Silk Road, buying a whole bitcoin will set you back less than a dollar,” said Ross. “Pocket change. Can you imagine that? Now they are worth over $100,000 each.”

“Bitcoin’s power comes from the fact that any one of us can mine if we choose to, and any one of us can generate addresses if we choose to,” stated Ross. “Any one of us can send bitcoin to anyone else….

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VC funding topped $594M in May: Blockworks Research

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

Not only is summer just around the corner, but a new month means new data around venture capital spending. 

Fundraising totaled $594 million last month, per Blockworks Research data. 

As you can see, funding made up a very small slice of the overall pie, with M&A leading the month when it comes to money spent. A little over $2.9 billion went towards deals last month, of which most of that sum came from the $2.9 billion Coinbase-Deribit deal. 

Overall, funding was on the smaller side, especially in comparison to the last few months. Is that concerning? I personally don’t think so. Not…

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