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Users wishing to wager on events can add to their accounts using cryptocurrencies like Solana, USDC, and Bitcoin.
CoinShares says crypto investment products saw $1.4 billion of net outflows last week, the biggest since March, with BTC and ETH funds leading redemptions.
Strategy added 3,081 BTC for $356.9 million at an average $115,829 per coin, taking holdings to about 632,457 BTC as Saylor touts stock performance despite recent lows.
Asia-based family offices have joined as anchor investors, with B Strategy leveraging its Asia-Pacific presence for liquidity and distribution.
Grayscale filed an S-1 with the SEC on Aug. 22 to convert its Avalanche Trust into a publicly traded spot AVAX ETF on Nasdaq.
The firms plan to acquire a publicly traded company and convert it into a Solana treasury firm, with the deal expected to close in early September.
Ethereum co-founder Vitalik Buterin said most major markets don't pay interest, which makes them unappealing for hedging.
Analysts attributed the decline to significant whale movements switching out bitcoin for ether, and to market recalibration among traders.
The Japanese bitcoin treasury firm disclosed Monday that it bought an additional 103 BTC for $11.7 million.
The bill stipulates that the reserve must not be sold or traded for any purpose except to retire government debt.