Bitcoin, Ethereum, and altcoins experienced significant price increases in recent days. While this upward momentum has slowed, treasury companies have continued their purchases.
Firstly, Strategy, the world’s largest publicly traded Bitcoin holder, also made purchases this week.
According to a statement by Strategy founder Michael Saylor, Strategy purchased an additional 1,665 Bitcoin. This brings the company’s total Bitcoin holdings to 847,666 BTC. The company also repurchased $152 million worth of preferred shares in STRC.
Saylor noted that Strategy also holds $6.02 billion in assets, adding that the company’s dollar-denominated assets could cover current preferred stock dividends and interest payments for approximately 3.8 years.
Ethereum Purchases Continue!
Bitmine, the world’s largest holder of Ethereum, also announced last week that it purchased an additional 17,362 ETH, bringing its total holdings to 6,001,302 ETH. According to the announcement, this represents 4.9% of the total circulating ETH supply.
The official statement also noted that Bitmine’s total assets, including cryptocurrency, cash, marketable securities, and strategic investment assets, have reached $17.2 billion.
This figure includes 6 million ETH, 213 Bitcoin, $672 million in cash and marketable securities, $180 million worth of Beast Industries shares, and $115 million worth of Eightco Holdings shares.
Bitmine Chairman Tom Lee stated, “Bitmine’s total ETH holdings have now surpassed 6 million. This is a tremendous achievement, accumulating this total in less than 15 months. We are already seeing the synergies and positive network effects of accumulating almost 5% of the total ETH supply. Furthermore, we continue to see positive signs that the crypto bull market, which began in late June, is continuing. In our view, institutions are still underinvested in cryptocurrencies, and we anticipate them increasing their positions in the final months of 2026. With just over a week remaining in the third quarter, Ethereum’s superior performance as a macro asset continues to strengthen. Throughout the calendar quarter, ETH has outperformed other macro assets by 6,728 basis points.”
Solana Procurement Announced Too!
Last week, Nasdaq-listed company DeFi Development Corp. announced it had purchased an additional 47,706 Solana, bringing its total SOL holdings to 2.54 million. The company also stated that it generated additional SOL and commission revenue by using its SOL holdings for staking and operating its own validator.
