More companies around the globe are swiftly integrating digital assets into their treasuries, even as the market experiences a downturn. $1.75 billion will be designated to BNB, Solana, and Ethereum among public companies in the U.S., Hong Kong, and China.
China Renaissance Holdings announced an allocation of around $100 million to BNB as part of a strategic alliance with YZi Labs. The firm will focus on creating SFC-compliant digital-asset products and listings in Hong Kong while developing a fund that tokenizes traditional assets on the BNB Chain.
According to a statement from the company, this strategy combines a proprietary BNB position with a comprehensive roadmap for compliant market entry and the issuance of real-world assets utilizing the chain’s infrastructure.
B Strategy outlined the formation of a U.S.-listed BNB treasury firm with a $1 billion fundraising goal, also supported by YZi Labs. B Strategy stated that the entity aims to manage BNB actively, invest in core technology and grants, while adhering to public company reporting and custody standards. The management team includes veterans from Metalpha and Bitmain, with significant interest from Asia-based family offices hoping to expand in the APAC region.
Sharps Technology (Nasdaq: STSS) launched a private placement exceeding $400 million to support an SOL-held treasury initiative. Units are priced at $6.50, including stapled warrants that are exercisable at $9.75 for three years. Investors can contribute either locked or unlocked SOL for pre-funded warrants that will be available following stockholder approval.
The company anticipates closing the deal on or around Aug. 28, contingent on certain conditions, and aims to acquire SOL from the open market to strengthen its treasury operations. Sharps has also entered into a non-binding letter of intent with the Solana Foundation to buy $50 million worth of SOL at a 15% discount from a 30-day time-weighted average price, subject to a separate public offering and other requirements.
ETHZilla (Nasdaq: ETHZ) announced a $250 million share repurchase plan and disclosed holding 102,237 ETH at an average purchase price of $3,948, currently valued at around $489 million, along with approximately $215 million in U.S. dollar equivalents.
According to ETHZilla, the company intends to utilize its Ethereum holdings through Electric Capital’s Electric Asset Protocol for on-chain yields. The buyback plan is authorized until June 30, 2026, or earlier, if the limit is reached or the board decides to terminate the program.
Crypto treasury acquisition continues to gain momentum
In summary, these actions highlight a multi-chain strategy for treasury management that traverses various jurisdictions and funding methods. China Renaissance has paired a direct BNB allocation with a real-world asset fund initiative and Hong Kong licensing options, B Strategy has suggested a public structure focused on BNB exposure and ecosystem investment, while Sharps aims to establish a SOL reserve through equity financing arrangements that allow token funding.
ETHZilla’s announcement enhances its already ETH-centric balance sheet in conjunction with a capital return plan that aligns with a yield generation strategy.
According to the companies, the majority of the $1.75 billion is directed toward token accumulation, with $1.5 billion attributed to anticipated purchases of BNB and SOL, while $250 million is allocated for share buybacks.
As per the firms involved, the SFC pathway in Hong Kong, a U.S.-listed BNB initiative, and a U.S. PIPE for Solana pave multiple paths for both access and custody. The companies also connect treasuries with ecosystem development efforts, including grants, technology investments, and tokenization of real-world assets, stressing the importance of verification, custody, and reporting protocols.
B Strategy indicated intentions to pursue a maximize-BNB-per-share strategy through diligent management and ecosystem support. China Renaissance presented its BNB allocation and RWA initiatives as mechanisms to bridge traditional finance with tokenized issuance compliant with Hong Kong regulations.
Sharps noted that proceeds will facilitate SOL acquisitions and operational ventures and highlighted a range of digital asset investors and market makers participating in the private placement. ETHZilla mentioned it will keep stakeholders informed through press releases and regulatory submissions.
