SVB Ventures Newsletter No.22 - July 2025
SVB Ventures | Newsletter No. 22 🔸 Bitcoin News ✔ MicroStrategy Expands Bitcoin Holdings: MicroStrategy, a major corporate Bitcoin holder, acquired an additional 21,021 BTC for $2.46 billion between July 28 and August 3, 2025, increasing its total holdings to 628,791 BTC . The company reported $10 billion in Q2 net income from its Bitcoin investments, reinforcing its aggressive crypto treasury strategy. MicroStrategy’s continued accumulation strengthened Bitcoin’s narrative as a corporate store of value, boosting market confidence and contributing to price recovery efforts following the late-July dip. ✔ Grayscale ETF Approval Deadline Delayed: On July 28, 2025, the SEC delayed decisions on the Truth Social Bitcoin ETF and Grayscale Solana Trust ETF, setting new deadlines for September 18 and October 10, 2025, respectively. The SEC needed more time to review the proposals under the Securities Exchange Act of 1934. Despite a pro-crypto SEC Chair, Paul Atkins, concerns over staki...