From ‘Dead in America’ to $250M SPACs: Why firms are suddenly hoarding Bitcoin
Supply: sec.gov
Backed by Social Capital companion Steven Trieu as CEO, the SPAC plans to record below the ticker AEXA.
A few of Palihapitiya’s SPACs led to massive names like SoFi. Others didn’t make it and had been shut down, so his observe report is a little bit of a combined bag.
Google’s newest Bitcoin mining wager
Tech titan Google now owns 14% of Bitcoin miner TeraWulf! The elevated $3.2 billion backstop got here because the latter landed a significant lease cope with AI infrastructure agency Fluidstack.
The association, revealed throughout TeraWulf’s latest shareholder call, facilities on a 10-year colocation lease for a brand new information middle dubbed CB-5, including to the corporate’s rising portfolio.
Supply: X
With this deal, TeraWulf’s complete contracted capability climbs above 360 megawatts, locking in $6.7 billion in income, with the potential to succeed in $16 billion if leases are prolonged.
Bitcoin treasuries’ second of fact
The rise of company Bitcoin holders is now not only a Western phenomenon.
Between December 2024 and June 2025, the variety of public firms holding Bitcoin jumped from 70 to 134; almost doubling in simply six months, according to K33 Research.
These firms, unfold throughout 27 nations, now collectively maintain a staggering 244,991 BTC.
The surge contains 41 U.S. corporations, 29 from Canada, 8 in Japan, and seven within the UK — an indication that the MicroStrategy playbook goes international.
However as this technique spreads, so do the questions.
Supply: K33 Analysis
With regulators in Asia and past having nearer oversight of digital finance, Bitcoin treasury firms could also be nearing an inflection level.
So do they rise, or do they offer in?
