Treasury Management
Ongoing coverage on Treasury Management.
Latest coverage
Smarter Web’s Bitcoin strategy head exits a 2,712 BTC treasury — and no replacement has been named
Jesse Myers, Head of Bitcoin Strategy at The Smarter Web Company, is departing on September 1st without a named successor or clear plan for his responsibilities. The company confirmed that its Bitcoin Treasury Policy remains unchanged, with the board overseeing operations. Myers' role included executing treasury strategy, growing Bitcoin per share, managing data analytics, and investor relations.
Clarity Act stumbles, Strategy trims again, and the fight nobody saw behind Mastercard’s $1.8 billion BVNK buy
The cryptocurrency industry is undergoing a significant stress test, with events like a major Bitcoin outflow due to a Coldcard wallet attack, the failure of the Digital Asset Market Clarity Act to pass the Senate, and multiple corporate treasury sales of Bitcoin. Despite these challenges, institutional interest remains, with Fidelity proposing staking rewards for its Ether ETF and Goldman Sachs acquiring NEOS. Meanwhile, Bybit has sued North Korea over a $1.5 billion hack, and over 100 crypto projects have shut down this year, indicating a market shakeout.
Metaplanet CEO Shoots Down $320M Bitcoin Sale Rumors: ‘No Bitcoin Was Sold’
Metaplanet CEO Simon Gerovich has denied rumors that the company sold 5,014 Bitcoin, valued at $320 million. He clarified that the cryptocurrency was merely transferred between Metaplanet's own custodial wallets as part of a routine operation, and the company's total holdings remain at 43,000 BTC. This clarification comes amid increased scrutiny of digital asset treasury firms.
Trump Media Walks Away From Its CRO Treasury Venture With Crypto.com — And From Most of Its Crypto Plans
Trump Media has abandoned its plans to launch a cryptocurrency treasury venture with Crypto.com and Yorkville Acquisition due to shifting business priorities and market conditions. The company is also scaling back other crypto-related initiatives, including prediction markets within Truth Social. This retreat from crypto comes as Trump Media holds a significant amount of Bitcoin and as crypto legislation faces ethical scrutiny in Washington.
Sui’s AI treasury experiment: agents get the job, an MPC committee keeps the keys
Mysten Labs has developed a prototype for the Sui blockchain that allows an AI agent to manage a company's treasury without direct access to private keys or balances. Payments are proposed by the AI but require approval from a Multi-Party Computation (MPC) committee, which verifies them against predefined spending policies written in Move. This system utilizes Seal MPC and Sui's confidential transfer technology to encrypt amounts and balances while keeping sender, receiver, and token type visible.
