$844M Bet: Public Companies Double Down on Bitcoin & HYPE as Crypto Heats Up
Wall Street meets blockchain—again. Public corporations just funneled nearly a billion dollars into crypto’s twin titans: Bitcoin and the buzz-heavy HYPE token. Guess quarterly earnings reports weren’t thrilling enough.
Institutional FOMO reaches new highs
Forget your uncle’s basement mining rig—this is Fortune 500 money moving the needle. That $844 million injection proves even suits crave volatility when fiat yields flatline.
Bitcoin: The corporate treasury playbook
BTC remains the blue-chip favorite, but HYPE’s inclusion signals risk appetite is back. Either that, or some CFOs discovered leverage trading during lunch breaks.
One hedge fund manager quipped: ‘They’ll call it diversification until the SEC asks questions.’ Meanwhile, crypto natives shrug—institutions always arrive late to the party.
In today’s crypto market news, four publicly listed companies revealed plans to allocate a combined $844 million to digital-asset treasuries.
The largest commitment came from Hong Kong–based meal-kit seller DDC Enterprise Ltd. It secured $528 million to scale its Bitcoin holdings.
Fold Holdings, BitMine Immersion Technologies, and biotech firm Eyenovia each announced dedicated funding lines for bitcoin or the HYPE token.
Crypto Market News: DDC Targets $528 Million to Expand BTC Holdings
As reported by The Coin Republic on Tuesday, DDC Enterprise closed three financing deals totaling $528 million: a $300 million convertible note, a $200 million credit facility, and a $26 million equity investment, to expand its Bitcoin reserve.
Dallas-based Anson Funds led the convertible note, with Animoca Brands’ VC arm also participating. DDC acquired its first 21 BTC for $2.28 million on May 23, 2025, issuing nearly 255,000 shares in the deal.
The company aims to buy 5,000 BTC over three years, a goal fully fundable at current prices with the $528 million raised. DDC’s CEO said the MOVE aligns with its mission to build the “world’s most valuable Bitcoin treasury.”
The announcement has become a significant highlight in this week’s crypto market news. This reflects growing corporate interest in on-balance-sheet Bitcoin holdings.
Fold Secures $250 Mln Equity Facility for Bitcoin Purchases
Fold Holdings Inc., the first publicly traded Bitcoin financial services firm, entered a $250 million equity purchase agreement to acquire more BTC.
Under the deal, confirmed on Tuesday, Fold may issue new shares to accredited investors once the SEC approves its resale registration statement.
At roughly $105,000 per BTC, $250 million could buy about 2,390 BTC, more than doubling Fold’s existing 1,490 BTC treasury.
Fold’s CFO said the facility lets the firm time market entries and expand its Bitcoin holdings without diluting current shareholders.
BitMine Buys $16.3 Mln in Bitcoin After Stock Raise
In related crypto market news, BitMine Immersion Technologies announced it spent $16.3 million of recently raised capital to acquire 154.16 BTC at an average price of $106,033.
The June 6 stock offering funded the purchase, with BitMine adding 100 BTC on June 9 and increasing its reserve days later. Its CEO said the strategy balances self-mining with treasury accumulation.
Eyenovia’s HYPE Token Treasury Debut
Nasdaq-listed biotech firm Eyenovia closed a $50 million private placement to build a reserve of Hyperliquid (HYPE) tokens.
The funding will acquire over 1 million HYPE, valued at about $40.1 million, with the remainder covering transaction fees and staking deposits on Anchorage Digital.
Eyenovia will rebrand as Hyperion DeFi under ticker HYPD. It also appointed Hyunsu Jung as chief investment officer and board member to lead its crypto strategy.
Jung noted HYPE’s utility on a layer-1 derivatives exchange for staking, rewards, and governance.
The move marks the first time a publicly traded U.S. company has declared a long-term treasury strategy involving the HYPE token, adding a new dimension to crypto market news coverage beyond Bitcoin-centric strategies.
Crypto Market News: Corporate Crypto Allocations on the Rise
The combined $844 million in crypto-focused capital announced on a single day underscores an accelerating trend.
Corporations are increasingly adding digital assets—primarily Bitcoin, but now also alternative tokens like HYPE—to their treasuries.
The announcements reflect a strategic shift across sectors—from fintech to food to biotech—as companies look to crypto assets as stores of value, hedging instruments, or innovation alignment tools.
Analysts note that the use of equity facilities, convertible notes, and private placements enables firms to expand exposure without relying entirely on cash reserves.
As highlighted in the current crypto market news, the corporate treasury landscape is evolving. With DDC, Fold, BitMine, and Eyenovia each taking a unique approach, the scope of institutional adoption continues to widen, solidifying crypto’s role in capital allocation strategies.
