More companies worldwide are rushing to add digital assets to their treasuries even as the market retraces. $1.75 billion will be allocated across BNB, Solana, and Ethereum to public companies in the United States, Hong Kong, and China.
China Renaissance Holdings said it will allocate about $100 million to BNB as part of a strategic partnership with YZi Labs. The company will work on SFC-compliant digital-asset products and listings in Hong Kong while preparing a fund that tokenizes traditional assets on the BNB Chain.
According to a company statement, the plan pairs a proprietary BNB position with a roadmap for compliant market access and real-world asset issuance using the chain’s infrastructure.
B Strategy outlined a U.S.-listed BNB treasury company with a $1 billion raise target, also with support from YZi Labs. Per B Strategy, the vehicle intends to hold and actively manage BNB, invest in core technology and grants, and apply public-company reporting and custody standards. Management includes executives with backgrounds at Metalpha and Bitmain, and the firm said anchor interest has come from Asia-based family offices with an APAC distribution footprint.
Sharps Technology (Nasdaq: STSS) priced a private placement of more than $400 million to fund an SOL-denominated treasury program. Per Sharps, units are priced at $6.50 with stapled warrants exercisable at $9.75 for three years. Investors can fund with locked or unlocked SOL for pre-funded warrants that become exercisable after stockholder approval.
The company expects to close on or around Aug. 28, subject to conditions, and intends to acquire SOL in the open market and build treasury operations. Sharps also signed a non-binding letter of intent with the Solana Foundation to purchase $50 million of SOL at a 15 percent discount to a 30-day time-weighted average price, contingent on a separate public offering and other conditions.
ETHZilla (Nasdaq: ETHZ) authorized a $250 million share repurchase program and disclosed 102,237 ETH on hand at a $3,948 average acquisition price, valued at around $489 million, alongside about $215 million in U.S. dollar cash equivalents.
Per ETHZilla, the company plans to deploy its Ethereum through Electric Capital’s Electric Asset Protocol for on-chain yield. The buyback is authorized through June 30, 2026, or earlier if the cap is reached or the board ends the program.
Crypto treasury acquisition continues to accelerate
Taken together, the actions point to a multi-chain approach to treasury management that spans jurisdictions and financing methods. China Renaissance paired a direct BNB allocation with an RWA fund concept and Hong Kong licensing pathways, B Strategy proposed a listed structure dedicated to BNB exposure and ecosystem investment, and Sharps moved to seed a SOL reserve with equity financing terms that accommodate token funding.
ETHZilla’s update adds a balance sheet already positioned in ETH, plus a capital return program that runs alongside a yield strategy.
Per the companies, the majority of the $1.75 billion directly targets token accumulation, with $1.5 billion tied to planned BNB and SOL purchases and $250 million reserved for share repurchases.
According to the companies, Hong Kong’s SFC pathway, a U.S.-listed BNB vehicle, and a U.S. PIPE for Solana create parallel routes for access and custody. The firms also link treasuries with ecosystem development, including grants, technology investments, and real-world asset tokenization, and emphasize verification, custody, and reporting frameworks.
B Strategy said it will pursue a maximize-BNB-per-share approach through active management and ecosystem support. China Renaissance framed its BNB allocation and RWA plans as a method to connect traditional finance with tokenized issuance under Hong Kong compliance regimes.
Sharps said the proceeds will fund SOL’s acquisition and operations and pointed to a roster of digital asset investors and market makers in the private placement. ETHZilla said it will continue to provide updates through press releases and regulatory filings.