SharpLink Raising $400M To Push Ethereum Stash Past $3B And Near 1% Of Supply

Cango’s $19.5M buy of 50 MW mining facility fuels rapid crypto pivot and half-billion BTC stash

Cango just dropped $19.5 million on a fully operational 50 MW Bitcoin mining facility in Georgia, doubling down on its big pivot from car financing to crypto. The company’s locking down 30 MW for itself and opening up 20 MW for third-party miners, turning the site into a powerful revenue engine. After ramping up fast, Cango now mines nearly 150 BTC a week and is closing in on a massive 5,000 BTC stash worth over half a billion dollars.

ALT5 Sigma pulls in $1.5B to power Trump-backed World Liberty Financial’s crypto treasury surge

ALT5 Sigma just inked a massive $1.5 billion stock sale to supercharge World Liberty Financial’s (WLFI) crypto treasury. Splitting the deal between direct sales and private placements, they’re cashing in on the hype around the Trump family-backed crypto venture. Despite a recent dip, ALT5’s stock is still riding a strong 19% five-day rally. This deal highlights a big trend: companies are no longer just holding Bitcoin—they’re building multi-crypto treasuries, betting on altcoins like Ethereum and Solana to shake up the game.

SharpLink Gaming to raise $400M for Ethereum buys, targeting $3B+ treasury and 1% of ETH supply amid price surge

SharpLink Gaming is raising $400 million through a share sale at $21.76 each to five institutional investors, aiming to push its Ethereum holdings above $3 billion and close in on 1% of ETH’s circulating supply. The move follows nearly $900 million raised in the past week, underscoring a rapid corporate Ethereum treasury build-up amid a 43% monthly ETH price surge to $4,220. SharpLink currently holds 598,800 ETH worth over $2.5 billion, with plans to exceed 1.2 million ETH. The deal is set to close August 12, pending conditions.

Strategy adds 155 BTC at $18M, nears 629,000 BTC worth $75.6B five years into Bitcoin dominance

Strategy just added 155 BTC for $18 million, boosting its massive Bitcoin stash to nearly 629,000 coins valued at $75.6 billion. This latest buy marks a 25% gain on its 2025 holdings and celebrates five years since its game-changing first BTC purchase in 2020. Since then, Strategy has turned Bitcoin into a corporate cash cow, raising $46 billion and growing its market cap from $1.2 billion to a staggering $118 billion — all while setting the gold standard for Bitcoin adoption in business.

Stripe building Tempo blockchain with Paradigm to power stablecoin payments after $1.1B Bridge buy and Privy wallet deal

Stripe is secretly building a new blockchain called Tempo, a high-performance, payments-focused layer 1 compatible with Ethereum’s coding language, according to a recent job posting and sources familiar with the project. Still in stealth with a five-person team, Tempo is being developed in partnership with crypto VC firm Paradigm. The move follows Stripe’s $1.1 billion acquisition of stablecoin platform Bridge and its purchase of crypto wallet developer Privy, signaling a full-stack push into stablecoin payments. With a $92 billion valuation, Stripe is positioning itself ahead of Big Tech rivals in the stablecoin race after the U.S. passed the GENIUS Act, which set new federal rules for the sector.