I am adding the latest update from August 12, 2025.



1. Litecoin ( $LTC )

- Greenidge Generation Holdings announces an $85 million funding plan to accumulate and hold Litecoin as part of its Strategic Reserve strategy.

- This move not only helps diversify the balance sheet but also sends a positive signal to the LTC community about sustainability and institutional acceptance.

2. $ENA – Strategy with StablecoinX Inc.

- Ethena Foundation establishes StablecoinX Assets Inc. to hold ENA as a reserve asset, then merges with SPAC TLGY Acquisition Corp. and rebrands as StablecoinX Inc. (ticker “USDE”), expected to list on Nasdaq.

- The $360 million PIPE deal includes $260 million in cash (Pantera, Dragonfly, Galaxy…) to purchase locked ENA from Ethena Foundation and ~100 million USD ENA contributed to capital. It is expected to buy 8% of the ENA supply in 6 weeks, with tokens locked permanently under the “permanent capital” strategy.

3. $IP (Story Protocol)

- Heritage Distilling (NASDAQ: CASK) has just completed a $220 million PIPE deal, including $100 million in cash and $120 million in IP tokens to establish a $360 million reserve fund entirely focused on IP.

- This is a rare deal on Nasdaq where tokens in the “Intellectual Property” sector are considered strategic assets. With a capital structure combining tokens + cash, this deal sets a new precedent for publicly listed companies to integrate innovative Web3 assets into their long-term financial strategy.

4. WLFI

- ALT5 Sigma Corporation (NASDAQ: ALTS) has announced a plan to raise $1.5 billion to implement the WLFI Treasury Strategy, aiming to hold about 7.5% of the total WLFI supply.

- WLFI is backed by the development team of the USD1 stablecoin along with many senior figures in the traditional finance industry. This strategy not only reinforces WLFI's position as a potential strategic asset but also sends a strong signal for the “tokenization” trend in the balance sheets of American businesses.

*I will continue to update the latest in the coming days, please save it so you don't miss out.

#steven_research