BUSINESS

Companies building bitcoin (BTC) treasuries are currently the focus of the digital-assets ecosystem as global adoption widens, and three existing participants have announced a total of about $278 million in new funding to boost their holdings in recent days.

Remixpoint (3825), a Japanese energy consulting firm, disclosed Wednesday that it raised around 31.5 billion yen ($215 million) in new financing. Remixpoint holds 1,051 BTC and intends to deploy the entire capital toward buying more, with a near-term goal of reaching 3,000 BTC in its treasury.

Sweden’s H100 Group (H100), a health technology company, said it secured an additional 516 million kronor ($54 million) through its Tranche 6 and Tranche 7 financing rounds, originally announced on June 16. Total capital raised now stands at 921 million kronor, it said Wednesday. H100 currently holds 248 BTC and plans to direct funds toward opportunities tied to its bitcoin treasury strategy.

Canada’s LQWD Technologies (LQWD), which operates a network of enterprise-grade nodes on the Lightning network, said Monday it increased its financing round to C$12.3 million ($9 million). The capital will support further bitcoin acquisitions as part of LQWD’s Lightning Network business. LQWD currently holds 181 BTC.

‘Peanut’ the squirrel is dead, but the meme coin named after him is still mooning.

A late-night post from technocrat Elon Musk slamming U.S. authorities for euthanizing the viral squirrel while failing to charge anyone from Jeffrey Epstein’s alleged client list preceded a volume and price spike, data shows, showing speculative fervor is alive and well in the market.

(The “Epstein list” refers to high-profile individuals allegedly connected to Jeffrey Epstein’s sex trafficking network. No official, verified public list exists.)

“Government is deeply broken,” Musk wrote. “They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list.”

Within minutes, Solana-based meme token PNUT spiked over 10% as traders piled in on the name-drop.

PNUT, which has no affiliation with the actual squirrel or Musk, saw trading volumes surge over 120% from $65 million to $214 million in a 24-hour period, according to CoinGecko. The token’s price briefly touched 23 cents before cooling.

With no protocol, no utility, and no roadmap, PNUT trades purely on cultural resonance and reflexive speculation. That makes it a favorite for momentum hunters, and a token to watch for when controversial topics do the rounds — at least on Musk’s X.

Read more: Elon Musk Says America Party Will Embrace BTC as ‘Fiat Is Hopeless’

What started as an apparent ‘hallucinated’ response from X’s artificial intelligence platform, Grok, quickly morphed into a microcap memecoin frenzy.

The X-based AI tool last week spat our the terms “MechaHitler,” “GigaPutin” and “CyberStalin” in the same breath in an apparent unprompted response to a user query, an erratic, racially charged response that went viral.

MechaHitler is a fictional cyborg version of Adolf Hitler from the 1992 game Wolfenstein 3D, which gained fame in 90s satire and early internet memes.

While most consider such terms to be dark, offensive, and completely unhinged, some someone took the misfire seriously enough to launch multiple tokens under the name.

Over 200 “MechaHitler” tokens went live across Solana and Ethereum, among other networks, in the past 24 hours. The largest, a Solana-based coin Bonk.Fun hit a $2.2 million market cap just three hours after launch, with early trading volume exceeding $1 million, data from DEXTools show.

At least one Ethereum-based version zoomed to over $500,000 in market cap.

The various tokens followed classic meme coin playbooks: rapid launches, early whales, and volatile pumps and dumps. But unlike DOGE or PEPE, this wave didn’t emerge from a community or subculture — it came from a chatbot meltdown.

Grok clarified in follow-up posts that the apparent misfires wholly referenced the game character and not the infamous Austrian-born German politician.

As for the tokens: short-lived or not, they underline a clear trend: That in 2025, crypto doesn’t need hype from influencers anymore, an AI hallucination could be enough.

Robinhood tokens offering equity in OpenAI technically aren’t equity, Vlad Tenev confirmed in a recent CNBC interview, but are backed by “Robinhood’s ownership stake in a special purpose vehicle.”

OpenAI warned earlier this month that the tokens being offered by Robinhood do not represent equity in the company, and any transfer of equity would require OpenAI’s approval which they haven’t given.

“In and of itself, I don’t think it’s entirely relevant that it’s not technically an equity instrument,” Tenev said on CNBC. “What’s important is that retail customers have an opportunity to get exposure to this asset.”

Robinhood isn’t the first platform to offer shares in pre-IPO companies with this model.

Linqto, which offered retail investors exposure via special purpose vehicles that bought up shares on the secondary market, recently filed for bankruptcy, raising questions about what exactly its customers, now creditors, owned.

Among the companies is Ripple (XRP), and its CEO, Brad Garlinghouse, has publicly distanced Ripple from Linqto.

“We stopped approving more Linqto purchases on secondary markets in late 2024 amid growing skepticism,” Garlinghouse tweeted earlier in July.

Read more: OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized