Corporate crypto holdings, exchange security and new tokenization projects dominated the announcements on November 2. Coinbase disclosed a Bitcoin treasury milestone, Strategy reported another purchase, and Mercado Bitcoin suspended transfers following a security incident. Meanwhile, Standard Chartered introduced tokenized deposits in Hong Kong.
Coinbase’s Bitcoin Treasury Reaches 18,000 BTC
Coinbase CEO Brian Armstrong announced that the company had recently acquired its 18,000th Bitcoin for its corporate treasury. His November 2 update confirmed the holdings milestone but did not specify when the latest purchase occurred or how much Coinbase paid.
Strategy Discloses Another $65.5 Million Bitcoin Purchase
Strategy’s latest filing showed that it spent $65.5 million buying 811 BTC between October 26 and November 1, paying an average of $80,846 per coin, including expenses. The purchase brought its reported holdings to 849,327 BTC. In the same disclosure, the company reported spending $208.2 million repurchasing its STRC preferred shares.
Mercado Bitcoin Suspends Transfers After Security Incident
Brazilian exchange Mercado Bitcoin paused deposits and withdrawals after a security incident that outside investigators estimated involved more than $40 million across multiple blockchains. The company said it had contained the incident and that customers and their data were unaffected, while the investigation continued. Tether CEO Paolo Ardoino separately confirmed that approximately $4.5 million in USDT connected to the incident had been frozen.
Standard Chartered Introduces Tokenized Deposits in Hong Kong
Standard Chartered launched a service allowing eligible corporate clients in Hong Kong to use tokenized bank deposits for treasury operations and investments. Through the HKMA’s EnsembleTX infrastructure, participating banks can transfer these deposits around the clock, with interbank obligations settled in central bank money. The bank said China AMC, Finloop and PantherTrade had already completed live transactions involving the service.
Bitmine Adds 8,573 ETH to Its Treasury
Bitmine’s November 2 update disclosed another 8,573 ETH purchased during the preceding week, taking its holdings to 6,060,506 ETH. The company put that position at approximately 4.9% of Ethereum’s supply and reported that more than 5.22 million ETH was staked. Its combined crypto, cash, marketable securities and other investment holdings totaled approximately $14.5 billion.
Binance Reports $4.72 Billion in Net Withdrawals After Reopening
Binance said customers had withdrawn a net $4.72 billion since withdrawals resumed on November 1 following the exchange’s previously reported $6.3 billion hack. In the November 2 update, the company said the initial rush of withdrawals was easing and reported $2.7 billion in incoming funds. The figures provide a fresh measure of customer activity as the platform restores operations.
NYSE Adds Four Partners to Tokenized Securities Project
NYSE announced that Broadridge, Computershare, Equiniti and Superstate had joined the transfer-agent network supporting its planned tokenized securities venue. Their involvement addresses the ownership records and shareholder services needed alongside blockchain trading, with Broadridge also supporting voting and governance. The proposed venue aims to offer continuous trading and immediate settlement, subject to regulatory approval.
tZERO Announces Merger Agreement for Public Listing
Tokenization infrastructure company tZERO announced an agreement to combine with FG Imperii Acquisition Corp. and pursue a public listing. The proposed transaction assigns tZERO a pre-money equity value of up to $350 million, including $25 million tied to specified milestones. Following completion, the combined company expects to trade on NYSE American under “TZRO,” with the transaction still dependent on closing conditions and approvals.