The move signals a shift from the firm’s traditional focus on Ethereum, where it recently made its largest-ever single purchase of 14,240 ETH, bringing total holdings to over 70,000 ETH.

The company’s addition of Pudgy Penguins — considered one of the most established NFT collections — reflects a broader strategy to incorporate high-profile digital collectibles into corporate reserves.

The collection has maintained strong floor prices and community engagement since its 2021 debut, earning a reputation as a “blue-chip” asset in the NFT market.

Industry observers see corporate NFT acquisitions as an emerging parallel to Bitcoin treasury strategies, with proponents arguing that NFTs offer unique cultural and branding advantages.

However, critics point to their volatile pricing and shorter track record compared to established cryptocurrencies, raising questions about long-term stability.

At the time of writing PENGU trades at $0.03767 after a 8.7% surge in the past 24 hours and has a daily trading volume of $825 million.

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Filed under: Bitcoin - @ August 13, 2025 10:16 am