Digital Asset Treasuries
Expertise
Liam 'Akiba' Wright Recent Articles
Digital Asset Treasuries
One of Worldcoin’s largest corporate holders now sits on a $207M loss after losing its primary source of cash
The June 30 loss was unrealized, but a $7.8 million credit-loss allowance and 109% share-count increase sharpen the capital-allocation test.
Digital Asset Treasuries
TaoWeave promised to hoard TAO forever, but paying the bills just forced another crypto treasury sell-off of 3,959 TAO
The company expects further sales as needed, with no committed liquidity source independent of its digital assets.
Analysis
A mysterious whale just funneled 6,494 BTC into Binance, triggering massive sell-off fears
The full confirmed balance was swept through transactions paying a historically Binance-attributed wallet, leaving customer deposit and internal staging unresolved.
Digital Asset Treasuries
This corporate Solana treasury dumped $12.5M of SOL at a 54% loss – and its balance sheet still shrank
Its Aug. 7 filing keeps more token sales, equity or traditional financing on the table until operations can support themselves.
Analysis
Bitwise pitched a diversified 10-crypto fund, then lost $500 million as Bitcoin swallowed 78% of the portfolio
Market losses and net redemptions cut the fund to $532.8 million while Bitcoin’s portfolio share rose to 77.81%.
Exchanges
Traders holding $39.5 million in BitMEX Bitcoin perps have 16 days to exit before forced closures begin
New positions stop Aug. 26, while contracts left open face a wind-down that ends in forced closure Sept. 23.
Deals
Bakkt promised a $44 trillion payment revolution, but its key acquisition made just €5,315
The 2025 statements recorded €5,315 in other income and €373,857 in cash before the April acquisition.
Investments
Investors are about to drain a $217 million trust fund while voting to keep its Bitcoin SPAC alive
SilverBox can salvage four more months, but redemptions may drain the trust needed to close.
Regulation
Crypto holders face an August 23 deadline to figure out who controls HTX or risk violating EU sanctions
The law names “HTX (HUOBI GLOBAL SA),” while HTX previously said in a UK case that the company is separate from its online platform.
Outage
Over 2 million DOGE sit trapped in limbo as Dogechain keeps printing blocks past its final deadline
The RPC and explorer remained available beyond noon, but QuickSwap’s Dogechain route redirected users to Polygon and bridge withdrawals remained unproven.
Deals
Swapping a $23M business for $1M cash while banking on locked WLFI tokens shows how dire crypto balance sheets have become
The buyer owes $11 million later, while 3.58 billion WLFI still need registration effectiveness to become transferable.
Macro
Yields are spiking toward 5.2%, but history shows Bitcoin might completely ignore Wall Street’s $125 billion stress test
A 4.5-hour gap between CPI data and $125 billion in debt sales is about to trigger Bitcoin's hardest macro pressure
