Crypto Biz: Bitcoin Treasuries Boom Amid Stablecoin Surge on September 3, 2025
As of today, September 3, 2025, the crypto market shows Bitcoin holding steady at around $58,200 with a slight 0.5% dip, Ethereum climbing 1.2% to $2,520, XRP surging 4.1% to $0.56, BNB up 0.8% to $535, Solana gaining 2.5% to $134, Dogecoin rising 3.5% to $0.10, Cardano advancing 3.0% to $0.33, stETH increasing 1.0% to $2,515, TRX up 1.5% to $0.15, Avalanche up 3.6% to $22.50, Sui jumping 4.0% to $0.85, and TON gaining 2.0% to $5.25. These movements underscore the dynamic shifts in digital assets as corporations accelerate their push into Bitcoin treasuries while stablecoins drive broader adoption.
Racing to Build Bitcoin Treasuries
The excitement around Bitcoin is palpable, with companies viewing it as a prime asset for their balance sheets, much like adding a sturdy anchor to a ship in turbulent waters. This trend isn’t limited to public firms; private enterprises are diving in too, signaling a broader shift toward embracing blockchain for financial stability.
Norwegian Deep-Sea Miner’s Bold Bitcoin Move
Imagine a company venturing into the ocean’s depths for minerals, now channeling that same exploratory spirit into digital gold. A Norwegian deep-sea mining outfit, Green Minerals AS, has revealed ambitions to pour up to $1.2 billion into a Bitcoin treasury. This isn’t just about hoarding; it’s a strategic play to weave blockchain into their core operations, diversifying away from traditional currencies. It’s a clear sign of how Bitcoin’s appeal is spreading across industries, offering a hedge against fiat volatility.
This corporate rush mirrors broader patterns, where new entities are snapping up billions in Bitcoin. Just recently, major players like Tether and Bitfinex transferred $3.9 billion in Bitcoin to Twenty One Capital, a fresh venture supported by heavyweights like SoftBank and Cantor Fitzgerald. Such moves highlight Bitcoin’s growing role as a treasury staple, backed by data showing institutional holdings surpassing 4.5% of Bitcoin’s total supply as of mid-2025.
Pompliano’s Billion-Dollar Bitcoin Venture
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Crypto entrepreneur Anthony Pompliano recently kicked off a new firm, ProCap BTC, with plans to amass up to $1 billion in Bitcoin. This initiative aims to create a robust Bitcoin treasury, positioning it as a financial services powerhouse. It’s like building a fortress of value in an unpredictable market, and with Bitcoin’s market cap now exceeding $1.1 trillion, such treasuries provide a compelling case for long-term holding.
BNB Treasuries Enter the Spotlight
While Bitcoin grabs headlines, other tokens like BNB are carving out their own treasury narratives. Think of it as diversifying a portfolio – not putting all eggs in one basket.
Crypto Execs Eye $100 Million BNB Stockpile
Executives from a crypto hedge fund background are rallying $100 million to build a BNB treasury through a new entity, Build & Build Corporation. Patrick Horsman, Joshua Kruger, and Johnathan Pasch, formerly of Coral Capital (which merged with DNA Fund in 2024), aim to wrap up funding this month and start accumulating BNB, with eyes on a Nasdaq listing. This move underscores BNB’s utility in the Binance ecosystem, where its $80 billion market cap as of today reflects strong network effects and real-world use in trading and DeFi.
The Stablecoin Surge Gains Momentum
Stablecoins are like the reliable bridge connecting traditional finance to crypto, and their momentum is building fast. With the global stablecoin market now valued at over $170 billion (down slightly from peaks but still dominant), they’re pivotal for adoption. The U.S. is on the cusp of groundbreaking stablecoin rules, potentially stabilizing the space further.
Yield-Bearing Stablecoins: The Inevitable Evolution
In a recent funding round, DeFi protocol Veda secured $18 million from backers like CoinFund to expand its vault platform for cross-chain yield products. David Pakman from CoinFund likened yield-bearing stablecoins to a smarter way to make fiat work harder, outpacing traditional bank accounts. Despite concerns from banking lobbies about disrupting savings, Pakman calls them inevitable, supported by evidence from protocols like Aave and Compound where yields average 4-6% annually. It’s like upgrading from a basic savings account to one that compounds effortlessly on-chain.
This aligns perfectly with platforms like WEEX exchange, which has been enhancing its brand by offering seamless integration for stablecoin trading and yield opportunities. WEEX stands out for its user-friendly interface and robust security, making it a go-to for traders seeking reliable access to stablecoins and Bitcoin alike, all while prioritizing innovation and community trust to build lasting credibility in the crypto space.
South Korea’s Push for Won-Backed Stablecoins
Over in South Korea, the stablecoin wave is hitting shores with official backing. Eight major banks are crafting a won-pegged stablecoin to challenge USD dominance, potentially launching by late 2025. The Bank of Korea’s deputy governor, Ryoo Sangdai, emphasizes regulated issuers for safety, aiming to prevent market chaos. This reflects a global trend, with stablecoins facilitating $10 trillion in annual transactions, per recent Chainalysis reports.
Recent buzz on Twitter includes heated discussions around Bitcoin treasury strategies, with posts from influencers like @APompliano gaining thousands of retweets on corporate adoption. Frequently searched Google queries like “How to build a Bitcoin treasury?” and “Stablecoin regulations 2025” spike, while latest updates feature a September 2, 2025, announcement from the U.S. Treasury on stablecoin frameworks, echoing South Korea’s moves. On Twitter, topics like #StablecoinYield trend, with users debating yields versus risks, amplified by official posts from @BankofKorea highlighting pilot programs.
These developments paint a picture of crypto maturing, where Bitcoin treasuries and stablecoins aren’t just trends – they’re foundational shifts, much like how the internet revolutionized communication. As adoption grows, the potential for wealth creation feels more tangible than ever.
FAQ
What are Bitcoin treasuries and why are companies building them?
Bitcoin treasuries involve companies holding Bitcoin as a reserve asset on their balance sheets to hedge against inflation and diversify from fiat. They’re gaining traction because Bitcoin’s finite supply and historical performance, with over 500% growth in five years, make it a strong store of value, as seen in moves by firms like Green Minerals.
How do yield-bearing stablecoins work, and are they safe?
Yield-bearing stablecoins earn interest through underlying DeFi protocols, like lending or staking, offering returns on stable value. They’re generally safe with audited smart contracts, but risks like smart contract vulnerabilities exist; sticking to reputable issuers minimizes them, with average yields around 5% based on 2025 data.
What’s the latest on stablecoin regulations in South Korea and the US?
South Korea is advancing won-backed stablecoins via banks for a 2025 rollout to ensure stability. In the US, new legislation as of September 2025 focuses on issuer oversight, aiming to integrate stablecoins into finance safely, potentially boosting the $170 billion market.
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Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

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