Bitcoin ice carving (Kirsty O'Connor/Getty Images)

Nakamoto buys $679 million in bitcoin in its first purchase as a public company

Bitcoin’s price meanwhile seems frozen, but one solo miner is on fire.

8/19/25 10:21AM

Bitcoin is struggling to regain momentum, and has been stuck in the $114,500 to $116,500 range over the past 24 hours. Nonetheless, VanEck analysts said that despite this pullback, they are sticking with their $180,000 bitcoin price target by year-end.

That hasn’t slowed Nakamoto, fresh off the completion of its merger with KindlyMD last week, from making its first bitcoin purchase as a public company.

The bitcoin-native venture, helmed by Trump crypto adviser David Bailey, acquired 5,744 bitcoin at an average price of $118,204 per bitcoin for $679,000,000.

“The purchase was made using PIPE proceeds, reflecting the company’s commitment to executing a disciplined bitcoin treasury strategy and long-term mission to acquire one million bitcoin under the Nakamoto Bitcoin Treasury,” the company said this morning.

In other bitcoin news:

Bitdeer released its second-quarter earnings, reporting bitcoin mining revenue of $59.3 million, up from $41.6 million in Q2 2024, and the company’s bitcoin holdings jumped to 1,502. It also reported revenue of $155.6 million, up 56.8% year over year, but had higher operating costs and reported a net loss of $147.7 million, much higher than the $17.7 million a year prior. Benchmark analysts reiterated their “buy” rating, but the stock is down more than 7% as of 11:00 a.m. ET.
A rare win came for a solo bitcoin miner who solved block 910,440, earning a reward of 3.137 bitcoin. “Mining difficulty is now near all-time highs at 129 trillion, making consistent solo wins even less likely,” according to Bitbo.
Japanese public company Lib Work announced it plans to buy $3.3 million worth of bitcoin.
A second coffee chain may be entering the bitcoin treasury game. Following Spanish coffee chain Vanadi Coffee, now California-based Reborn Coffee has announced it’s initiated a strategic review to assess the potential use of crypto, including bitcoin and ethereum, as part of its “treasury management framework.”

Sage D. Young

Solana has tanked since spot solana ETFs launched, despite the funds only recording positive flows to date

Solana’s ETF inflows are a supportive signal, but they aren’t the marginal price setter for the token, one expert explained.

Yaël Bizouati-Kennedy

10h

Bitcoin falls to lowest level since November as long-term holders accelerate selling

A majority of bitcoin investors are officially underwater and the asset’s continued fall “could intensify selling pressure as investors attempt to limit losses.”

Sage D. Young1/28/26

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.

Yaël Bizouati-Kennedy

1/28/26

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

The debate on investing in digital gold vs. actual gold continues, but it’s helpful to put each one’s performance in context.