From Holding Coins to Earning Interest: Listed Companies' Crypto Allocations Enter the "Compound Returns" Era, DeFi Development Explores 15% Annualized Returns on Stablecoins

CN
BBX
5 hours ago

As BitMine continues to invest $150 million to increase its Ethereum holdings, and DeFi Development announces its pursuit of approximately 15% annualized returns using stablecoin reserves, the global strategies of publicly listed companies in the crypto asset space clearly reveal an evolutionary path: transitioning from simple asset purchases and holdings to a comprehensive upgrade that seeks a new framework of "composite returns" combining staking yields, stablecoin interest, and strategic financing.

  1. Core Asset Accumulation: Sustained Motivation for Financing and Direct Purchases

The traditional financing route for purchasing cryptocurrencies remains strong:

  • Lion Group Holding Ltd. (LGHL): Raised a total of $9.984 million through convertible bond financing, with $8 million of net proceeds specifically allocated for purchasing Bitcoin (BTC) as corporate reserves, showcasing the combination of traditional financing tools with crypto allocations.

Diversified asset portfolios and staking practices:

  • Onfolio Holdings (ONFO): Recently disclosed an investment of $2.45 million in BTC, ETH, and SOL, and has staked ETH and SOL to generate additional income. The disclosed precise cost basis (BTC $91,948.38 / ETH $3,076.3 / SOL $144.5) provides valuable institutional cost references for the market.

Continued actions from giants and regional representatives:

  • BitMine (BMNR): Continues to increase its ETH holdings by approximately $150 million, firmly committed to expanding its Ethereum treasury.

  • American Bitcoin (ABTC) and ANAP Lightning Capital increased their holdings by 363 and 54.5 BTC respectively, reflecting a consensus among U.S. and Japanese companies on BTC as a core reserve.

  1. Upgraded Yield Strategies: From Staking to Stablecoin Finance

DeFi Development Corp. (DFDV)'s on-chain yield exploration is milestone-worthy:

  • As a treasury company for Solana, it announced a strategic partnership with the Solana ecosystem stablebank Perena.

  • Innovative model: It will utilize its stablecoin reserves to mint USD STAR stablecoins, generating approximately 15% annualized returns.

  • Use of proceeds: The earnings will be allocated for operational expenses, stock buybacks, and further purchases of SOL, creating an enhanced cycle of "stablecoin → interest generation → reinvestment into business and ecosystem." This marks the formal entry of publicly listed companies into the core domain of DeFi treasury operations.

  1. Global Capital and Strategic Integration

Cross-regional and cross-asset strategies are emerging:

  • Hamak Strategy (HAMA): Completed £2.5 million in financing, with funds allocated for both Bitcoin treasury strategies and gold exploration in Africa, showcasing a unique strategic vision that combines "digital gold" with physical gold exploration.
  1. Trend Insights: Paradigm Shift in Treasury Management

Yesterday's dynamics point to a core trend: publicly listed companies' crypto treasuries are evolving from "cost centers" to "profit centers."

  1. Diversified Returns: Institutions are not satisfied with the single return from rising coin prices; they are obtaining sustainable cash flow through staking (Onfolio) and advanced DeFi strategies (DFDV) to combat market volatility.

  2. Operational Specialization: Collaborating with specialized on-chain protocols like Perena indicates that treasury management requires deeper blockchain financial knowledge, potentially driving demand for third-party professional asset management services.

  3. Financial Integration: The earnings generated from crypto assets are explicitly allocated for operational expenses and stock buybacks, marking a deep integration of crypto assets into the overall financial planning of companies rather than being isolated.

On-chain data shows that the total value locked (TVL) in DeFi staking and yield protocols by publicly listed company addresses has increased by 40% over the past 30 days.

From BitMine's straightforward $150 million increase to DeFi Development's complex strategy pursuing 15% stablecoin returns, the landscape of publicly listed companies' crypto allocations has been significantly enriched. This is no longer a simple competition of faith but a comprehensive contest of balance sheet management efficiency, cash flow generation capability, and the application of financial innovation. The enterprise-level application of crypto assets is opening a new chapter in "active yield management."

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