Bitcoin Corporate Treasury Trend Grows As Robin Energy Commits $5 Million

Cyprus-based international ship-owning firm Robin Energy today announced the successful conclusion of its initial $5 million Bitcoin (BTC) allocation through Anchorage Digital Bank N. A., as part of its newly adopted treasury ￰0￱ Energy Buys $5 Million Worth Of Bitcoin According to an announcement made earlier today, Robin Energy has completed its initial $5 million worth of BTC ￰1￱ this, the Cyprus-based company, which also provides energy transportation services has become the latest firm to leverage digital assets to diversify its ￰2￱ the development, the firm’s Nasdaq-listed stock RBNE spiked 90%, hitting an intraday high of $4.27 before losing some of its ￰3￱ a year-to-date (YTD) basis, the stock has increased by 106.8%.

It is worth noting that RBNE hit its all-time high (ATH) earlier this year on June 13. However, no specific reason can be found for the ￰4￱ on today’s Bitcoin purchase, Petros Panagiotidis, CEO, Robin Energy, said: We are pleased to have completed the allocation of $5 million to Bitcoin in accordance with our board-approved ￰5￱ believe in Bitcoin’s unique characteristics as a scarce digital asset and see it as an integral component of our long-term strategy to grow our Company further and drive shareholder ￰6￱ Energy’s foray into the cryptocurrency realm is not surprising, as an increasing number of firms are choosing to add leading digital assets like BTC and Ethereum (ETH) to their balance sheets in ￰7￱ example, Taiwanese investment firm Sora Ventures recently unveiled a massive $1 billion Bitcoin treasury fund, a first in ￰8￱ the time, the firm stated that it would use the proceeds from the fund to buy BTC over the next six months.

Similarly, Japanese investment firm Metaplanet also shared plans to double down on BTC recently. Specifically, the firm stated that it will spend as much as $835 million to buy more Bitcoin. Unsurprisingly, the total amount of BTC held by publicly-listed companies recently crossed one ￰9￱ these companies, US-based Strategy ranks at the top as it alone holds close to 638,000 BTC on its balance sheet. ETH, A Worthy Challenger To BTC?

Although Bitcoin’s dominance and adoption rate are unquestionable, it appears to be getting serious competition from the second-largest cryptocurrency by market cap, ￰10￱ 2025 specifically, ETH adoption has surged at an unprecedented ￰11￱ manager VanEck CEO, Jan van Eck, recently dubbed ETH the “Wall Street token,” thanks to its incredible range of use-cases, including facilitating stablecoin transactions on the Ethereum blockchain. Similarly, August 2024 saw ETH-based exchange-traded funds (ETFs) attract $4 billion worth of net inflows, while Bitcoin ETFs witnessed net outflows to the tune of $628 ￰12￱ press time, BTC trades at $113,930, up 2.7% in the past 24 hours.