Breaking ! MicroStrategy Equity Policy Change Sparks Investor Fury Trust in Saylor at Risk

MicroStrategy equity policy change removing the 2.5x mNAV safeguard has angered investors, raising concerns about dilution and leadership credibility.

MicroStrategy Faces Backlash From Investors Over New Equity Policy

Michael Saylor’s MicroStrategy (NASDAQ: MSTR) is under fire after scrapping its long-standing 2.5x mNAV issuance rule, sparking outrage from shareholders who feel betrayed.

The controversial decision removes a safeguard that prevented the company from issuing stock below 2.5 times its net asset value, a rule designed to protect investors from excessive dilution. Saylor defended the move as necessary to give MicroStrategy greater flexibility amid a shrinking Bitcoin premium, but many argue it represents a broken promise.

Investor Outrage Over MicroStrategy Equity Policy

The harshest criticism came from WhaleWire CEO Jacob King, who accused Saylor of “pulling the rug” and lying to investors. He noted that MicroStrategy’s premium collapsed from 3.4x to 1.6x since late 2024, making the new rule convenient for Saylor’s strategy. Other investors echoed similar frustrations, recalling that Saylor had recently reaffirmed the safeguard during an earnings call just weeks ago.

Industry voices like Adam Simecka and Daan Crypto Trades highlighted the dilution risks and warned that the so-called “Saylor bid” to fund Bitcoin buys via stock issuance could now resume unchecked.

Bigger Risks Ahead

Critics also raised alarms about wider risks: further dilution, falling investor trust, and overexposure to Bitcoin’s volatility. One analyst wrote that the change could “erode long-term shareholder value and put downward pressure on the stock price.”

The backlash ultimately reflects a growing divide: Saylor’s uncompromising Bitcoin-first vision versus shareholder demand for transparency and protection.

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Bullish IPO Raises $1.15B in Stablecoins A Historic First for Markets

Bullish IPO raised $1.15B in stablecoins, marking the first public listing settled onchain with USDC, EURC, RLUSD, and more.

Bullish IPO Raises $1.15B in Stablecoins

Bullish (NYSE: BLSH), the digital asset platform backed by billionaire investor Peter Thiel, has raised $1.15 billion from its IPO, with proceeds settled entirely in stablecoins.

The company made its Wall Street debut on August 14, 2025, in one of the year’s most anticipated listings. Demand for shares was huge, with subscriptions 20x oversubscribed, pushing the stock up 84% on day one. However, early volatility followed as the share price dipped 2.16% in pre-market, trading at $62.00 today.

Stablecoins Take Center Stage in Bullish IPO

Bullish said most of the funds were minted on Solana and settled in USDC and EURC, custodied exclusively by Coinbase. Other stablecoins used included SocGen’s CoinVertible series, Paxos’ Global Dollar and PayPal USD, World Liberty’s USD1, Agora Dollar, and AllUnity’s EURAU.

In a notable first, Ripple USD (RLUSD) on the XRP Ledger was also part of the settlement mix. Ripple congratulated Bullish on “the successful IPO,” calling it a milestone for onchain finance.

Why This Matters for Stablecoins

Chief Financial Officer David Bonanno highlighted stablecoins as “one of the most transformative use cases for digital assets,” stressing their role in fast and secure global transfers, particularly on Solana.

By collaborating with multiple issuers, Bullish positioned itself as a pioneer in integrating stablecoins into capital markets, making this IPO the first-ever public listing fully settled onchain.

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KindlyMD Buys 5,743 Bitcoin Worth $679M After Merger

KindlyMD has purchased 5,743 Bitcoin worth $679M after its merger, marking its entry into corporate BTC treasury management through Nakamoto Holdings.

KindlyMD Buys 5,743 Bitcoin Worth $679M After Merger

Salt Lake City-based healthcare provider KindlyMD, Inc. (NASDAQ: NAKA) has entered the crypto space with a massive first purchase of Bitcoin, acquiring 5,743 BTC worth $679 million.

The acquisition was carried out by its wholly-owned subsidiary, Nakamoto Holdings, and represents the company’s first major move since completing its recent merger.

Details of the BTC Acquisition

According to the press release, the deal was completed at an average price of $118,204.88 per BTC, totaling $679 million.

The purchase was funded through Private Investment in Public Equity (PIPE) financing, ensuring a strong capital base without relying on debt.

CEO’s Vision: BTC as a Corporate Reserve Asset

KindlyMD CEO and Chairman David Bailey highlighted the company’s conviction in Bitcoin:

“This acquisition reinforces our conviction in BTC as the ultimate reserve asset for corporations and institutions alike.”

Bailey also unveiled a long-term goal to accumulate one million BTC as part of its new treasury strategy, positioning Bitcoin as central to the future of global finance.

Nakamoto BTC Treasury Program

The purchase was made under KindlyMD’s Nakamoto BTC Treasury program, designed to provide a transparent and reliable vehicle for institutional Bitcoin storage.

This move aligns with a growing corporate trend where firms add BTC to their balance sheets as a store of value and hedge against market volatility.

Industry Context

KindlyMD joins other major corporate players that view BTC as a strategic asset. Notably, Strategy Inc., which pioneered this trend, now holds over 600,000 BTC worth $53.5 billion, according to Arkham.

By combining its healthcare services expertise with a bold Bitcoin treasury strategy, KindlyMD positions itself as both a healthcare provider and a financial innovator in the evolving digital asset space.

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BlackRock Now Holds 735K Bitcoin Worth $86B, Surpasses Major Crypto Treasuries

BlackRock, the world’s largest asset manager, has expanded its Bitcoin and Ethereum holdings to record levels. Data from Arkham Intelligence shows its iShares Bitcoin ETF (IBIT) wallets now control more than 735,000 BTC valued at $86 billion. Recent on-chain activity revealed multiple transfers of 300 BTC each, worth $37 million apiece, funneled through Coinbase Prime.

This marks a major increase from March 2025, when BlackRock was reported to hold 567,000 BTC valued at $47.8 billion. The rapid accumulation now places the firm among the largest Bitcoin holders globally, surpassing even MicroStrategy, which currently holds about 628,946 BTC worth $54.93 billion.

BlackRock’s crypto strategy extends beyond Bitcoin. Its Ethereum ETF (ETHA) wallets recently received deposits of 5,900 ETH alongside multiple 10,000 ETH transfers within just two days. Combined, these additions exceed $121 million, pushing the fund’s Ethereum holdings to over $14 billion.

The surge in BlackRock’s crypto exposure underscores the strength of ETF-driven adoption. Bitcoin ETFs remain among the most successful launches in financial history, attracting billions in trading volume since approval in 2024.

At press time, Bitcoin trades at $117,789, easing from its weekly high of $124,000. Despite modest weekend movements, BlackRock’s growing position highlights deepening institutional confidence in crypto assets.

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Bhutan Moves $92M in Bitcoin, Still Holds Over $1.15B in BTC

The Royal Government of Bhutan has once again moved a large portion of its Bitcoin holdings, raising eyebrows across the crypto market. Blockchain tracker Lookonchain reported that the country transferred 800 BTC worth $92.06 million into two new wallet addresses today.

The movement comes amid speculation that such transfers often precede sales, with some analysts suggesting the new addresses could be linked to a deposit at Binance. This marks the third significant transfer in two months. On August 5, Bhutan shifted 517 BTC ($59M) to crypto custodian Cobo Custody, while in July, on-chain analysts reported a 650 BTC transfer to Binance.

Despite these transactions, Bhutan’s sovereign investment arm, Druk Holding and Investments (DHI), still holds over 9,900 BTC. At Bitcoin’s current trading price of $115,565, the stash is valued at more than $1.154 billion.

Bhutan began acquiring Bitcoin as early as 2019, quietly building one of the largest state-owned crypto reserves. Beyond holding BTC, the government is integrating crypto into its economy, including launching a Binance Pay-powered tourism payment system and promoting green mining using its hydropower.

According to Bitcoin Treasuries, Bhutan ranks as the sixth-largest government Bitcoin holder, behind the U.S., China, the U.K., Ukraine, and North Korea.

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Breaking ! Ethereum Faces Sell Pressure from Foundation Wallet, Bulls Eye $10K

Ethereum slips after a Foundation-linked wallet sold $33M ETH, but strong institutional demand and bullish technicals keep optimism alive.

Ethereum Faces Sell Pressure from Foundation, Yet Bulls Persist

Ethereum is under pressure this week as a Foundation-linked wallet sold thousands of ETH, sparking concerns among traders. Despite this, strong institutional accumulation and bullish technical patterns are keeping long-term optimism intact.

Foundation Wallet Sells $33M ETH

Blockchain tracker Lookonchain flagged wallet 0xF39d, tied to the Ethereum Foundation, for offloading 7,294 ETH ($33.25M) in just three days at an average of $4,558.

August 13: Sold 2,795 ETH
August 15: Sold 1,300 ETH ($5.87M)
Three-day total: 6,194 ETH at ~$4,578 average

Notably, the same wallet previously purchased 33,678 ETH in 2022 for $1,193 each, showing a history of smart accumulation and timing.

Ethereum trades at $4,412.54, down 0.32% on the day.

Market Drivers Add Volatility

The selloff coincided with U.S. inflation data that beat expectations. July’s PPI rose 3.3% YoY, cooling hopes of Federal Reserve rate cuts. At the same time, the U.S. Treasury confirmed it has no immediate plans to add BTC or ETH to reserves, further dampening sentiment.

Still, institutional demand balanced the selling:

SharpLink Gaming added 130,000 ETH, lifting its holdings to 728,804 ETH ($3.38B).
BitMine bought 28,650 ETH (~$130M), raising its stash to 1.17M ETH ($5.1B).

Technicals Point to Bullish Setup

Crypto analyst Ether Wizz highlighted that ETH’s current structure mirrors its 2017 rally. Back then, ETH consolidated before breaking its 50-week SMA, triggering a major bull run.

The same pattern is emerging in 2025, with ETH holding above its moving average. Wizz forecasts a run to $10,000 this cycle, stating:

“It is a crime to believe that ETH has topped.”

Outlook

While Ethereum faces short-term pressure from Foundation-linked sales, the combination of institutional accumulation and technical strength suggests the long-term uptrend remains intact.

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Insane ! Pi Hackathon 2025 Opens Registration with 160K Pi in Prizes

Pi Network opens registration for Pi Hackathon 2025 with a 160K Pi prize pool. Developers can compete until October 15 to build utility-focused apps for the Pi ecosystem.

Pi Hackathon 2025 Registration Opens with 160K Pi Prize Pool

Pi Network has officially opened registration for Pi Hackathon 2025, offering a massive 160,000 Pi prize pool to developers building apps for the ecosystem. The event, organized by the Pi Core Team, began registrations on August 15 and will officially kick off on August 21.

Participants will have until October 15 to submit their projects, with a midpoint check on September 19 for progress reviews and feedback.

160K Pi Prize Pool and Rewards

The prize pool of 160,000 Pi will be shared among up to eight winning teams:

🥇 1st Prize: 75,000 Pi
🥈 2nd Prize: 45,000 Pi
🥉 3rd Prize: 15,000 Pi
🎖 Honorable Mentions: Up to five teams will receive 5,000 Pi each

Rewards will only be distributed to participants who pass Pi’s KYC verification.

How to Participate

Teams can include unlimited members, and projects will be judged on:

Utility (real-world use cases for Pi)
User experience & design
Accessibility for everyday people
Value to the Pi community

Developers are encouraged to use:

Pi App Studio
Brainstorm app
Developer Portal
AI tools to speed up app creation

The Pi Core Team emphasized:

“We’re looking for creative, utility-focused web apps that address real user needs, support the use of Pi cryptocurrency, and are intuitive and accessible.”

Submission Requirements

All projects must be uploaded to the Pi Developer Portal and include:

An official submission form
A demo video showcasing the app
Optionally, developers can use the PiOS license to make their work open-source for collaboration.

Outlook

The hackathon represents Pi Network’s push toward expanding its ecosystem with utility-driven apps that go beyond mining. With significant rewards and open participation, Pi Hackathon 2025 is set to spotlight real-world use cases for Pi cryptocurrency.

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HIVE Digital Posts Record Q1 2026 Results With $45.6M Revenue, Expands AI & Mining

HIVE Digital Technologies has reported record financial results for Q1 2026, covering the period ending June 30, 2025. Revenue reached $45.6 million, while Adjusted EBITDA was $44.6 million, fueled by strong Bitcoin mining output and high-performance computing (HPC) demand.

Bitcoin mining generated $40.8 million in income, up 44.9% quarter-over-quarter. The company’s average hashrate jumped 45% to 8.9 EH/s, driving production of 406 BTC — a 34% increase despite a 10.2% rise in network difficulty. The direct cost of mining stood at $26.8 million, with electricity representing 90% of expenses.

The BUZZ HPC division also posted record results, delivering $4.8 million in revenue, nearly 60% higher than the prior quarter. The segment benefited from increasing AI and compute demand, with direct costs of $2.1 million.

Overall, gross operating margin rose to $15.8 million (34.7%), compared to $8.8 million (28.2%) in Q4 2025. Net income came in at $35.0 million, boosted by $23.2 million in digital currency gains, $8.2 million in equity gains, and a $16.4 million derivative revaluation.

Looking ahead, HIVE expects to scale from 15 EH/s in July to 25 EH/s by Thanksgiving, supported by acquisitions and new NVIDIA GPU deployments. The company ended the quarter with $71.9 million in cash and cryptocurrencies.

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7 Reasons Ethereum: South Korean Investors Are Betting Big on Ethereum Stocks Over Big Tech

South Korean Investors Dump Big Tech for Ethereum Stocks

South Korean retail investors are switching up their portfolios, ditching major U.S. tech names like Tesla, Apple, and Alphabet in favor of Ethereum (ETH)-related stocks — and the numbers show it’s not just a passing trend.

Why BitMine is the Hot Pick

The biggest winner in this shift? BitMine Immersion Technologies (BMNR) — a U.S.-listed firm backed by billionaire Peter Thiel. Once a Bitcoin miner, BitMine now focuses entirely on Ethereum and holds an impressive $5.32B worth of ETH, making it the largest corporate ETH holder in the world. It’s even hinted at issuing up to $20B in stock to buy more ETH.

Since early July, Korean investors have poured roughly $259–269M into BitMine shares, making it Korea’s most popular foreign stock. The buzz is fueled by the recently passed GENIUS Act, which gives stablecoins a clearer legal framework, boosting ETH sentiment. The fact that BitMine’s chairman, Tom Lee, has Korean heritage adds an emotional pull for local buyers.

Other ETH-related stocks are riding the wave too — Robinhood, Coinbase, and SharpLink Gaming (which holds over 728,800 ETH) are all seeing major demand. SharpLink’s stock alone has skyrocketed over 126% since July.

Big Tech on the Chopping Block

Meanwhile, Korean investors are offloading their “Magnificent Seven” holdings — dumping $770M in Tesla shares, $230M in Apple, and $177M in Alphabet last month. High valuations, underwhelming earnings, and uncertainty over U.S. tariffs under President Donald Trump are pushing them away from U.S. tech.

Experts think the Ethereum-stock craze could continue short term, but warn that global economic instability might slow overall foreign stock purchases.

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5 Insane Reasons DeepSeek’s R2 Delay Shows Huawei Chips Aren’t Ready Yet

China’s AI scene just hit a speed bump. DeepSeek, the AI company behind the R1 model that dropped in January, had been hyping its next-gen R2 — but now it’s officially delayed. The reason? Huawei’s chips couldn’t handle the full training process.

Beijing wanted DeepSeek to use Huawei’s Ascend processors instead of Nvidia’s GPUs to cut U.S. tech reliance. Sounds good on paper, but in practice, training R2 on Ascend hit technical walls — instability, slow inter-chip connections, and weaker software compared to Nvidia’s gear.

So, DeepSeek had to pivot: Nvidia chips for training, Huawei chips for inference (the part where AI actually answers questions). This workaround meant pushing the R2 launch from its original May target.

DeepSeek’s Tough Reality Check

Huawei even sent engineers to help make Ascend work, but the model still wouldn’t train properly. On top of that, labeling the massive dataset for R2 took longer than expected. Meanwhile, rivals like Alibaba’s Qwen3 are already shipping powerful new models — and ironically, Qwen3’s training methods borrow ideas from DeepSeek itself.

AI experts say it’s only a matter of time before Chinese chips can compete for training tasks, but for now, U.S. GPUs still rule. Nvidia even struck a deal with the U.S. government to share China profits in exchange for selling its H20 chips there again.

DeepSeek might still drop R2 in the coming weeks, but the delay shows one thing loud and clear — in the AI arms race, hardware bottlenecks can be just as critical as algorithms.

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