The growing interest of institutional players in the cryptocurrency world is evident in notable new investments. Recent announcements from three different companies provide insights into the importance of cryptocurrencies in the market. New York Stock Exchange-listed Enlightify (ENFY), artificial intelligence-focused hedge fund Numerai, and crypto mining infrastructure-renowned Bit Origin (BTOG) are all making headlines with their strategic moves in the crypto market.
Enlightify Eyes CYBER Token
Activating in line with its digital transformation goals, Enlightify announced that it will purchase $20 million in CYBER tokens from the open market over the next 12 months. This investment makes the company the first publicly traded company to directly invest in CYBER.
CYBER has recently been attracting the attention of institutional investors, particularly for its Web3-based digital identity solutions. The project, which stands out with its community growth and technological infrastructure, has already caught the attention of traditional players like Enlightify. The company's CEO emphasized that this move is part of their long-term growth goals and their confidence in CYBER's innovative solutions.
Numerai Strengthens Its Ecosystem with NMR Buyback
Numerai, an AI and crowdsourcing-based hedge fund, announced the launch of a $1 million buyback program for its native token, Numeraire (NMR).
Bit Origin Enters the Investment Stage with a DOGE Treasury
Another notable move came from Bit Origin. The company announced that it has secured up to $500 million to establish an institutional treasury focused on Dogecoin (DOGE). $400 million of this funding will be raised from equity sales and $100 million from convertible debt securities.
According to CEO Jinghai Jiang, this initiative demonstrates that the company is not limited to mining infrastructure alone, but is exploring the value and potential of Dogecoin itself. DOGE's high transaction speed, global community, and the payment infrastructure developed under the influence of Elon Musk support Bit Origin's strategic direction.
The company also highlights Dogecoin's future potential on the X platform. DOGE's role in Musk's global super app vision appears to have been a determining factor in Bit Origin's investment decision.
Bitcoin and Ethereum investments also attracted attention
Another firm that strategically increased its Bitcoin investments was Canada-based Planet Ventures. With its latest purchase, financed from existing cash reserves, the company purchased 3,016,391,23 Bitcoin, bringing its total holdings to 25,829,354,69 BTC. This purchase was reportedly made for $500,000 Canadian dollars, reflecting the company's belief in Bitcoin as a long-term store of value. Planet, which offers transparency to investors through its publicly traded shares, has reached an asset concentration of approximately 12.53 satoshis, based on its over 206 million shares. This represents an impressive 670% increase compared to the June 26th purchase.
Meanwhile, Nasdaq-listed Bit Digital has taken institutional interest in Ethereum to the next level. Following its recent $67.3 million capital raise, the company acquired approximately 19,683 ETH, bringing its total Ethereum holdings to 120,306. According to CEO Sam Tabar, Ethereum is not just a digital asset; it is also a new cornerstone of the global financial infrastructure. Bit Digital places ETH at the center of its long-term strategy, investing its assets through staking to both contribute to network security and generate returns.
