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Showing posts from September, 2026

Strive Acquires 1,800 BTC for $143M, Becomes Fifth Largest Holder

Strive, a publicly traded asset manager and Bitcoin treasury company, added 1,800 Bitcoin to its balance sheet last week, accelerating a buy program that has helped it rank among the world’s largest publicly traded corporate holders of the asset. The company bought the BTC between Aug. 24 and Aug. 28 for roughly $143 million, paying an average price of $79,431 per coin (including fees and expenses). CEO Matt Cole confirmed the acquisition on Monday via X: https://x.com/ColeMacro/status/2094396002308440227 . Key takeaways Strive purchased about 1,800 BTC over Aug. 24–Aug. 28 for approximately $143 million at an average of $79,431 per BTC. Total holdings rose to 23,156 BTC from 21,356 BTC a week earlier, showing faster accumulation across a short window. The latest inflow increased Strive’s BTC exposure by roughly 8.4% in five business days, according to Adam Livingston. With the new buys, Strive moved ahead of Bullish to become the fifth-largest publicly traded corporate Bitcoin...

Bitmine Reaches 4.9% of Ethereum Supply After Adding 53.5K ETH

Bitmine Immersion Technologies has continued to build its Ethereum position, extending a weekly buying streak to 65 consecutive weeks by adding 53,501 ETH over the past week. The company’s expanding treasury comes as a broader crypto market rebound has lifted the value of its digital-asset holdings, even as it remains exposed to large paper losses on its Ether purchases. With the most recent transaction, Bitmine says it now holds more than 5.9 million ETH. Using an Ether price of $2,511 referenced for Sunday pricing, the holdings were valued at roughly $14.8 billion. Bitmine’s current stake represents about 4.9% of Ethereum’s circulating supply of 120.7 million ETH, putting it close to its stated objective of reaching a 5% ownership level. Key takeaways Bitmine added 53,501 ETH last week, extending its Ethereum accumulation streak to 65 straight weeks. The company’s wallet now contains more than 5.9 million ETH, valued around $14.8 billion at an ETH price of $2,511 (Sunday referenc...