updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Bit Digital, a publicly traded firm focused on Ethereum
ETH
$4 521
24h volatility:
1.3%
Market cap:
$545.74 B
Vol. 24h:
$39.65 B
treasury and staking, has announced another major purchase, while derivatives short-traders were caught off guard with $21 million in short contracts liquidated as Ethereum price rebounded above $4,500 on October 8.
According to Bit Digital’s announcement on October 8, the company has purchased approximately 31,057 ETH, funded by proceeds of its recently completed $150 million convertible notes offering.
Ethereum Treasury Holdings as of October 8, 2025 | Source: Coingecko
Following the latest transaction, Bit Digital now holds 150,244 ETH, and is set to leapfrog Coinbase into third position among the largest Ethereum treasuries, according to Coingecko data.
Kraken Financial, Jump Trading Credit, and Jane Street Capital all participated in Bit Digital’s latest financing round, with CEO Sam Tabar reaffirming long-term commitment to the ETH treasury strategy.
“This purchase demonstrates our commitment to building shareholder value by financing ETH accumulation on terms that are accretive to NAV per share. The structure of our convertible notes allowed us to raise capital at a premium to mNAV, and we have deployed those proceeds directly into ETH. We view ETH as foundational to digital financial infrastructure and believe current levels provide a compelling long-term entry point,” said Sam Tabar, CEO of Bit Digital.
According to the company’s estimates as of September 29, 2025, Bit Digital’s mNAV was approximately $3.84 per share, calculated from $512.7 million in ETH holdings and $723.1 million in WYFI shares, totaling $1.236 billion in combined asset value.
The $4.16 per share conversion price marks an 8.2% premium over that mNAV, reflecting investor confidence in Bit Digital’s Ethereum-focused treasury model.
Ethereum price rose to a multi-month peak above $4,700 earlier this week, tracking Bitcoin
BTC
$123 595
24h volatility:
2.3%
Market cap:
$2.46 T
Vol. 24h:
$66.44 B
new all-time high of $126,200 on October 7. However, as Bitcoin began retracing, Ethereum followed suit, declining 5% to $4,432 amid profit-taking pressure.
That brief correction triggered a spike in leveraged short positions, as speculators anticipated deeper losses. But steady corporate demand amid the US government shutdown has seen bulls regain control as ETH price rebounded above $4,500 on October 8, sparking early signals of a potential short squeeze.
Crypto market liquidations as of October 8 | Source: Coinglass
Following a highly volatile 24-hour period where total crypto market liquidations hit $361.7 million, bull traders initially bore the brunt of the sell-off, accounting for $213.6 million of the wipeout. This placed the bull’s loss incidence at approximately 59% on the 24-hour time frame.
However, recent derivatives data reading after Ethereum retook $4,500 suggests an early rebound underway. Within just the past hour, total liquidations of $35.7 million were dominated by $28.9 million in shorts versus only $6.7 million in longs. This short squeeze has dramatically reduced the bull loss incidence to just 19%, indicating that bears are being aggressively forced out of the market.
Ethereum is leading the charge, with $20.5 million in short positions liquidated over the last 12 hours alone.
As this early rebound gains traction, and with institutional confidence reinforced by Bit Digital’s $673 million Ethereum treasury, the sharp short-liquidations could potentially set the stage for a new breakout toward $5,000 as the US government shutdown fuels corporate risk-on sentiment.
With Ethereum rebounding above $4,500 and institutional treasuries like Bit Digital expanding holdings to record levels, investors are rotating toward promising early-stage projects such as Best Wallet (BEST).
Best Wallet presale
Best Wallet (BEST) is a next-generation multi-chain storage platform offering smart vaults, multi-sig integrations, and yield optimization tools designed for both retail and institutional users.
At press time, the Best Wallet presale has surpassed $16.4 million, trading at $0.026 with less than 24 hours before the next price tier unlocks. Investors can still acquire tokens at $0.026 via the official Best Wallet website, and gain exclusive staking rewards ahead of the project’s public rollout.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
At this point, meme coins Dogecoin and Shiba Inu are no strangers to attention from prominent personalities in the crypto space. From Elon Musk to Mark Wallace, support continues to pour in from the rich and famous worldwide. Former US congressional candidate David Gohshtein has also joined the list of individuals who support the cryptocurrencies, publicly announcing positions in both digital assets.
In a tweet, David Gohshtein expressed support for the top two meme coins, Dogecoin and Shiba Inu. Usually, there has been a divide between both communities sparked by the competition of Shiba Inu marketing itself as the “Dogecoin killer.” However, not everyone has played into this divide and instead continues to support both digital assets.
David Gohshtein, who is the CEO of Gohshtein Media, told his more than 690,000 followers that it was fine to hold both digital assets, saying, “I can be in both $SHIB and $DOGE.” He likened this to being told that he could not have an iPhone while using a Samsung phone, pointing to the fierce competition between these cellphone manufacturers.
DOGE down more than 92% from all-time high | Source: DOGEUSD on TradingView.com
This builds on Gohshtein’s tweet from four months ago, where he had expressed that he was allowed to hold both meme coins. He reminded his followers that they were in the market to make gains and not to pick sides, which he likened to a “sporting event.” It is not surprising given that it has usually been a one or the other conversation when it comes to Dogecoin and Shiba Inu.
Even though both meme coins are fierce competitors and are often mentioned together, their performances have been vastly different in the market. It is even more apparent with the recent bull trend, where most digital assets have lost a significant portion of their values.
In terms of profitability, Dogecoin remains in the lead. Where only 24% of Shiba Inu holders are currently in profit, 46% of all wallets holding Dogecoin are currently in profit. This also shows a wide disparity in the loss margins of both digital assets. 52% of all DOGE holders are realizing losses, whereas 73% of SHIB holders are in loss. This shows that the vast majority of those who invested in the latter cryptocurrency are more likely to lose money.
Selling pressure on Shiba Inu has also been high lately. It was revealed that top Ethereum whales had dumped more than 1.2 billion SHIB tokens in a span of 3 days, worth tens of millions of dollars. This sell trend has adversely affected the price of the meme coin.
However, comparing the decline from their all-time highs put SHIB in the lead. Dogecoin is currently more than 92% down from its all-time high price of $0.7, while Shiba Inu is 87.59% down from its all-time high of $0.00008845.
Featured image from Vauld, chart from TradingView.com
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– The buyback function keeps Bitrise coin stable and growing
– The multiple products in the ecosystem keep the token soaring
– Bitrise is the fast-developing DeFi project in the market
Shiba Inu is winning again, and this time around, it is a big one of the team and the token holders. Three publicly traded companies have accepted the Shiba Inu coin as a form of payment. They include AMC Entertainment, Bots, and Newegg Commerce.
These are known companies, and the adoption is the coin is going to increase the demand for this token. That’s how token investors are going to gain from this move.
The three companies have made official announcements and are already in the process of integrating the coin into their payment system. This is big news for the crypto investors as the year 2021 ends. It means that Shiba Inu will be entering the year 2022 on a high.
But Shiba Inu might not be the only coin accepted by large and reputable publicly traded companies. Bitrise coin, one of the fastest-growing crypto coins, is catching the attention of crypto investors. The crypto project launched in late July 2021 and is making impressive moves in the crypto market.
Unlike Shiba Inu, Bitrise is not a meme coin but a project that has real utility. The team is building DeFi protocol on Binance Smart Chain. The decentralized financial (DeFi) system will enable users to earn, spend and lend on a peer-to-peer (P2P) platform. This is one strength that Bitrise has over Shiba Inu.
However, the whole Bitrise project has exciting features that will attract companies into accepting the coin for real payment. Apart from just being a DeFi protocol, the team is working very hard to deliver the project within the shortest time possible.
Already the team has launched multiple products in just 120 days of the launch. There are 5 products that have been launched, including Bitrise Audits, Brise wallet, Bitrise Swap, already listed on 5+ tier-2 exchanges, and Bitrise Staking.
But the quality of the products and coin stability are major factors companies partnering with crypto projects are looking for. Bitrise has everything a publicly-traded company would be looking for in crypto. The coin has tokenomics that ensures coin stability and scarcity.
Like Shiba Inu, the Bitrise team has developed a buyback function that keeps the coin value growing and stable by making it scarce. The coin stability and value also depend on the real project, and the Bitrise team is developing the biggest thing in DeFi.
Bitrise exchange and blockchain are coming up soon. These two products will make the coin more acceptable in the real world. Therefore, Bitrise coin might be the next to be accepted by even large companies because it has everything it takes to be adopted as a payment currency. For more information about Bitrise coin, check out the following platforms:
Website: www.bitrisetoken.com
Telegram: t.me/bitrisetoken
Coinmarketcap: https://coinmarketcap.com/currencies/bitrise-token/
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With just three weeks to go before the curtain closes on 2021, we can confidently say it’s been another solid year for most investors. Through Dec. 6, the broad-based S&P 500 was higher by 22% — that’s double its average annual total return dating back four decades — and the aggregate value of cryptocurrencies has more than tripled to $2.37 trillion.
However, one cryptocurrency has left every other asset on this planet in the dust in 2021.
Shiba Inu dogs have inspired a number of top-performing cryptocurrencies. Image source: Getty Images.
When the clock struck midnight on Jan. 1, Shiba Inu ( SHIB 0.90% ) tokens could be purchased for a minuscule $0.000000000073 per token, according to CoinMarketCap.com. Over the past 11 months and change, six of those zeroes following the decimal point have gone bye-bye. With SHIB trading hands for nearly $0.000038 earlier this week, crypto investors with the luck, stomach, and wherewithal to have hung on since Jan. 1 are up by more than 51,000,000%! In other words, a $2 investment at midnight on Jan. 1 would have made you a millionaire as of the time of this writing.
There are a number of factors that have come into play to push SHIB to these historic gains. In no particular order, Shiba Inu coin has benefited from:
One additional catalyst I didn’t mention in the above list is the acceptance of Shiba Inu coin as a form of payment. Although the vast majority of merchants currently accepting SHIB are obscure online retailers or crypto exchanges, the following three publicly traded companies are either already accepting Shiba Inu coin or plan to integrate it into their payment system very soon.
Image source: Getty Images.
Arguably the best-known merchant set to accept Shiba Inu coin is movie theater chain AMC Entertainment ( AMC -6.86% ).
AMC CEO Adam Aron has not been shy about appealing to the company’s impassioned investor base to ask what sort of strategies they’d like to see employed. Accepting cryptocurrency is one of the many changes AMC has begun implementing in the hope of bringing more people back to movie theaters.
In late October, Aron posted a poll on Twitter that asked users whether AMC should accept SHIB. Of the 153,100 respondents, 87.6% were in favor of AMC accepting Shiba Inu in some capacity. A few weeks later, Aron confirmed via tweet that engineers were working behind the scenes to incorporate Shiba Inu as a form of payment within 60 to 120 days. This places SHIB on track to be accepted online for gift cards, movie tickets, and concessions by sometime in the first quarter.
Image source: Getty Images.
On the other end of the spectrum is a penny stock called Bots, which trades on the over-the-counter exchange. Despite being tiny, it is a publicly traded company and has noted its willingness to take SHIB as a form of payment.
The San Juan, Puerto Rico-based Bots is a blockchain-focused solutions company with services in the financial technology and cryptocurrency mining space. According to the company, it can assist with building Bitcoin mining operations, repair and optimize existing mining operations, and provides franchising opportunities for Bitcoin ATM kiosks.
On Dec. 3, a Bots press release announced its intention to accept Shiba Inu coin. The press release primarily focused on SHIB’s meteoric rise and the expectation that cryptocurrencies will become a mainstream form of payment.
Image source: Getty Images.
On Nov. 29, Newegg Commerce ( NEGG -5.10% ) unveiled its intention to accept Shiba Inu for payment in time for the holiday shopping season. According to a press release from the company, it announced the move on The Reef, North America’s largest digital out-of-home billboard, located in downtown Los Angeles.
The move to accept Shiba Inu jibes with Newegg’s desire to be the preferred destination for online shoppers who want to pay for goods with cryptocurrency. Newegg began taking Bitcoin seven years ago, and has enabled both Dogecoin and Litecoin as additional payment options this year.
While no specific date was given, Newegg anticipates SHIB integration in “early December.”
Image source: Getty Images.
Landing publicly traded companies that’ll accept Shiba Inu for payment is certainly a win. However, it’s important for current and prospective investors to put these “wins” into the proper perspective.
According to online business directory Cryptwerk, the number of merchants that accept SHIB tokens has rocketed higher over the past two months from a few dozen to 377, as of Dec. 6.
But herein lies the issue. There are more than 32 million businesses in the U.S., and over 500 million entrepreneurs worldwide. In the grand scheme of things, 377 merchants accepting SHIB as a form of payment is a fraction of a fraction of global businesses. What’s more, a little over 10% of these 377 merchants are nothing more than cryptocurrency exchanges (i.e., they’re not truly merchants), which means the retail utility of this payment coin is even less than what’s being advertised.
If Shiba Inu’s market value was less than $500 million and it was attempting to grow its utility by snagging new retailers, 377 global merchants might pass the sniff test. But when we’re talking about a fringe top-10 cryptocurrency with a greater than $20 billion market cap, investors should expect considerably more real-world utility than 377 merchants.
To build on this point, investors should also expect clear-cut competitive advantages for a cryptocurrency worth over $20 billion — but that’s not what you’ll find with Shiba Inu.
Social media hype and FOMO have driven Shiba Inu to what’ll likely be historic one-year gains. But there’s a lot more work to be done if SHIB is going to command a $1 billion market value, let alone its current valuation of $20.6 billion.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
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