Crypto
crypto
Yaël Bizouati-Kennedy

Mining company doesn’t mine bitcoin, so it’ll buy $500 million of it instead

Another day, another company adding bitcoin to its reserve. While bitcoin bulls continue waiting for Trump to announce a national bitcoin strategic reserve, more companies are joining MicroStrategy in stockpiling bitcoin.

Today, mining company Critical Metals announced it will have access to “up to $500 million” to buy bitcoin as part of a convertible-note financing, becoming the “the first Nasdaq-listed critical minerals company to adopt bitcoin as a primary treasury reserve asset.” 

Tony Sage, executive chairman and CEO, said adopting bitcoin will provide inflation protection. “This strategy aligns with broader Western government initiatives around bitcoin adoption, including President Trump’s recent advocacy for a national bitcoin stockpile,” he said. 

MicroStrategy still leads the corporate bitcoin-stashing pack by far with 461,000 bitcoin in its coffers. MicroStrategy CEO Michael Saylor applauded Critical Metals’ decision:

Meanwhile, energy-management platforms company KULR Technology also increased its bitcoin holdings, saying it bought $8 million worth of bitcoin on January 21. KULR now holds 510 bitcoin and is committed to holding “up to 90% of its surplus cash reserves to be held in bitcoin.”

Finally, companies like MARA Holdings — second to MicroStrategy in bitcoin holdings — are joining efforts to create a national bitcoin strategic reserve. Momentum is also gaining at the state level, with 11 states introducing such legislation.

On January 21, SEC Acting Chairman Mark T. Uyeda announced the launch of the much anticipated “crypto task force,” which crypto bullish Commissioner Hester Peirce will lead.

Meanwhile, energy-management platforms company KULR Technology also increased its bitcoin holdings, saying it bought $8 million worth of bitcoin on January 21. KULR now holds 510 bitcoin and is committed to holding “up to 90% of its surplus cash reserves to be held in bitcoin.”

Finally, companies like MARA Holdings — second to MicroStrategy in bitcoin holdings — are joining efforts to create a national bitcoin strategic reserve. Momentum is also gaining at the state level, with 11 states introducing such legislation.

On January 21, SEC Acting Chairman Mark T. Uyeda announced the launch of the much anticipated “crypto task force,” which crypto bullish Commissioner Hester Peirce will lead.

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Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants. 

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platform’s goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post. 

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The token’s all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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Bitcoin is underperforming precious metals now, but experts warn of “short-sighted” view

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Yaël Bizouati-Kennedy
1/27/26
Bitcoin miners hit with downgrades, winter storm

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