Bitcoin miner Phoenix Group launches $150M crypto treasury for BTC, SOL

3 weeks ago

This made Phoenix Group the archetypal institution listed connected the Abu Dhabi Securities Exchange (ADX) to unfastened a strategical cryptocurrency reserve, it said.

Bitcoin miner Phoenix Group launches $150M crypto treasury for BTC, SOL

Bitcoin miner Phoenix Group launched a $150 cardinal strategical cryptocurrency reserve arsenic the archetypal publically listed institution successful Abu Dhabi to found a integer plus fund.

Phoenix Group announced the enactment of its integer plus treasury valued astatine $150 million, which included 514 Bitcoin (BTC) and 630,000 Solana (SOL) tokens arsenic the miner’s “long-term reserve.”

This made Phoenix Group the archetypal institution listed connected the Abu Dhabi Securities Exchange (ADX) to unfastened a strategical cryptocurrency reserve, the institution said successful a Thursday announcement shared with Cointelegraph.

“Holding Bitcoin and different strategical integer assets isn’t conscionable astir exposure. It’s astir alignment,” wrote Munaf Ali, co-founder and CEO of Phoenix Group, adding:

“We judge successful the semipermanent worth these networks represent, and our treasury strategy reflects that belief.”

Phoenix Group became 1 of the 5 most-traded and best-performing stocks connected the ADX successful the 2nd 4th of 2025, aft its stock terms roseate by implicit 72% from April to June.

Increasingly much Bitcoin mining companies are considering altcoins arsenic portion of their equilibrium sheet, signaling much organization request for cryptocurrencies beyond Bitcoin.

Notably, publically listed Bitcoin mining steadfast BitMine Immersion Technologies became the largest Ether (ETH) treasury steadfast aft announcing plans to get up to 5% of Ether's supply.

BitMine presently holds 625,000 Ether tokens, oregon 0.52% of the full circulating ETH supply, the steadfast announced connected Tuesday, arsenic portion of a $1 cardinal banal repurchase program.

Phoenix Group reports $29M gross for Q2, 219% emergence successful self-mining BTC

Phoenix Group reported $29 cardinal successful gross and a full of 336 BTC mined crossed its planetary operations, including 214 BTC attributed to self-mining, during the 2nd 4th of 2025.

This marks a 51% diminution from the archetypal quarter, erstwhile Phoenix Group mined a cumulative 689 BTC.

Still, the miner has reported a 219% surge successful self-mining Bitcoin gross implicit 2 years, from $13 cardinal successful the archetypal fractional of 2023 to implicit $41.7 cardinal successful the archetypal fractional of 2025, with a 31% gross profitability borderline connected self-mining and a 14% simplification successful vigor costs.

Phoenix Group besides reported $16 cardinal worthy of indebtedness and a non-cash nonaccomplishment of $29 million, “due to revaluations successful its integer plus portfolio and a one-time depreciation accommodation nether revised accounting standards.”

Phoenix Group expects a “partial rebound successful plus valuations” successful the 3rd quarter, driven by the caller terms recoveries successful “key holdings specified arsenic Solana.”