Here's your Forbes Daily Briefing for Sunday, August 24th.

Today on Forbes, Who's Getting Rich off the $100 billion crypto treasury boom?

A record number of public companies are shoveling crypto onto their balance sheets,

ostensibly to diversify their holdings, hedge against inflation, and attract

new investors.

The unstated reason, of course, is management's desire to boost their stock price.

In recent months, just announcing a so-called, quote, crypto-treasury strategy has been enough

to add premiums to trading prices. The real bonanza, however, is flowing

to the picks and shovels merchants of this latest gold rush, custodians, brokers, asset managers,

and investment banks collecting fees on every trade, transfer, and storage deal.

Nathan McCauley, co-founder and CEO of San Francisco-based Anchorage Digital,

says that over the past six months, the trend has reached, quote, fever pitch, and quote,

has gone fully contagious. His crypto bank has already struck deals to oversee Trump Media's

$2 billion Bitcoin Treasury and a $760 million trove from

Nakamoto Holdings, a Bitcoin-focused company that recently announced a SPAC merger with

Kindly MD, a tiny money-losing Salt Lake City-based healthcare operation, whose stock

languished at under $2 per share before the May press release.

Today, Kindly MD's Nakamoto, whose name pays homage to Bitcoin's pseudonymous founder, Satoshi

Nakamoto, is listed as Naka, or N-A-K-A on the NASDAQ.

As of earlier this week, its shares were selling for $15, giving it a market cap of $11414 million.

A year ago, a small group of corporate buyers collectively held just over 416,000 Bitcoin.

Today, no less than 152 publicly traded companies control over 950,000 coins worth over $110 billion,

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