Bitcoin Has Company: Solana, Sui, and HYPE Join the Corporate Balance Sheet
- A new trend shows public companies are diversifying their treasuries beyond Bitcoin into altcoins.
- DeFi Development Corp aims to be the “MicroStrategy of Solana” with an aggressive buying strategy.
- Sui Holdings Group has acquired up to $450 million in SUI tokens for its corporate treasury.
A new trend is taking hold in corporate finance: companies are starting to stack high-growth altcoins on their balance sheets, looking for the next MicroStrategy. While Bitcoin remains the dominant choice, and Ethereum sits comfortably in second place, a growing number of firms are now diversifying beyond the big two and making major bets on Sui, Solana, and Hyperliquid.
Sui (SUI): From Zero to $450 Million in Corporate Treasuries
One of the fastest-growing corporate crypto plays has come from Sui Holdings Group (NASDAQ: SUIG). The company executed a PIPE (private investment in public equity) deal that included as much as $450 million in SUI tokens. Initially reported at $300 million, their position has since expanded, with more room for future purchases.
Related: SUI Price Up 2% as Sui and Alibaba Cloud Launch AI Coding Assistant for Move Developers
Sui’s appeal…
The post Bitcoin Has Company: Solana, Sui, and HYPE Join the Corporate Balance Sheet appeared first on Coin Edition.
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Bitcoin Has Company: Solana, Sui, and HYPE Join the Corporate Balance Sheet
- A new trend shows public companies are diversifying their treasuries beyond Bitcoin into altcoins.
- DeFi Development Corp aims to be the “MicroStrategy of Solana” with an aggressive buying strategy.
- Sui Holdings Group has acquired up to $450 million in SUI tokens for its corporate treasury.
A new trend is taking hold in corporate finance: companies are starting to stack high-growth altcoins on their balance sheets, looking for the next MicroStrategy. While Bitcoin remains the dominant choice, and Ethereum sits comfortably in second place, a growing number of firms are now diversifying beyond the big two and making major bets on Sui, Solana, and Hyperliquid.
Sui (SUI): From Zero to $450 Million in Corporate Treasuries
One of the fastest-growing corporate crypto plays has come from Sui Holdings Group (NASDAQ: SUIG). The company executed a PIPE (private investment in public equity) deal that included as much as $450 million in SUI tokens. Initially reported at $300 million, their position has since expanded, with more room for future purchases.
Related: SUI Price Up 2% as Sui and Alibaba Cloud Launch AI Coding Assistant for Move Developers
Sui’s appeal…
The post Bitcoin Has Company: Solana, Sui, and HYPE Join the Corporate Balance Sheet appeared first on Coin Edition.
Read More