A growing number of global corporations are hurrying to enhance their treasury holdings with digital assets, even amidst a market downturn. An impressive $1.75 billion is set to be distributed among BNB, Solana, and Ethereum by publicly traded entities across the United States, Hong Kong, and China.
China Renaissance Holdings has announced a commitment of approximately $100 million towards BNB, collaborating with YZi Labs. This partnership aims to develop SFC-compliant digital-asset products and listings in Hong Kong, alongside a fund designed to tokenize traditional assets on the BNB Chain.
A company statement revealed that this strategy combines a proprietary position in BNB with a framework for compliant market entry and real-world asset issuance via the chain’s infrastructure.
B Strategy has introduced a U.S.-listed entity focused on BNB treasury management with a fundraising goal of $1 billion, also in collaboration with YZi Labs. According to B Strategy, this entity will manage BNB actively, invest in essential technology and grants, and abide by public company reporting and custody standards. The management team boasts experience from Metalpha and Bitmain, with significant interest coming from family offices in Asia with a broad APAC distribution.
Sharps Technology (Nasdaq: STSS) has initiated a private placement exceeding $400 million to support a treasury program denominated in SOL. The price per unit is set at $6.50, with attached warrants that can be exercised at $9.75 over three years. Investors are offered the option to fund with either locked or unlocked SOL, with pre-funded warrants becoming exercisable pending stockholder approval.
The company anticipates closing the deal around August 28, subject to specific conditions, and aims to acquire SOL from the open market to establish treasury operations. In addition, Sharps has signed a non-binding letter of intent with the Solana Foundation to procure $50 million in SOL at a 15% discount to the 30-day time-weighted average price, contingent on a separate public offering and other criteria.
ETHZilla (Nasdaq: ETHZ) has approved a $250 million share buyback program and reported holding 102,237 ETH, acquired at an average price of $3,948, which amounts to roughly $489 million, in addition to about $215 million in cash equivalents.
According to ETHZilla, the company intends to utilize its Ethereum through Electric Capital’s Electric Asset Protocol for on-chain yield generation. The buyback initiative is authorized until June 30, 2026, or sooner if the limits are reached or the board decides to terminate the program.
Acceleration in Crypto Treasury Acquisitions
Collectively, these moves indicate a multi-chain strategy for treasury management that spans various jurisdictions and financing mechanisms. China Renaissance has paired a direct allocation to BNB with a real-world asset fund concept and licensing pathways in Hong Kong, while B Strategy has proposed a dedicated listed structure focused on BNB exposure and ecosystem investments. Sharps is also working to establish a SOL reserve through equity financing that supports token funding.
ETHZilla’s announcement complements its existing ETH position with a capital return strategy that aligns with yield generation efforts.
According to the companies involved, the bulk of the $1.75 billion is aimed at token acquisition, with $1.5 billion specifically allocated for BNB and SOL purchases, and $250 million earmarked for share buybacks.
The firms indicate that the SFC pathway in Hong Kong, a U.S.-listed BNB vehicle, and a U.S. PIPE for Solana provide parallel avenues for access and custody. Additionally, they connect their treasuries with ecosystem development, which includes grants, technology investments, and the tokenization of real-world assets, while emphasizing verification, custody, and reporting frameworks.
B Strategy expressed its intent to maximize BNB per share through active management and ecosystem support. China Renaissance framed its BNB allocation and RWA initiatives as a means to link traditional finance with tokenized issuance under Hong Kong compliance regulations.
Sharps noted that the proceeds would support the acquisition and operations of SOL, highlighting the presence of various digital asset investors and market makers in the private placement. ETHZilla stated it will continue to provide updates via press releases and regulatory disclosures.
This article originally appeared on CryptoSlate.
