In a notable shift within the cryptocurrency treasury space, Strategy and Bitmine halted their regular crypto purchases last week. Strategy, led by Michael Saylor, did not add to its Bitcoin holdings, which remain at 843,738 BTC valued at $63.87 billion. Similarly, Bitmine refrained from buying Ethereum, maintaining its holdings at 5,278,462 ETH worth $11.06 billion.
Meanwhile, four public firms—Hyperscale Data, DDC Enterprise Limited, Strive, and The Smarter Web Company PLC—collectively acquired 612 Bitcoin, totaling approximately $47.5 million. Strive led the acquisitions with 382 BTC, increasing its holdings to 15,391 BTC valued at $1.2 billion. The Smarter Web Company PLC, DDC Enterprise Limited, and Hyperscale Data also expanded their Bitcoin reserves, bringing the combined total to 21,525 BTC, or about $1.67 billion.
Despite these acquisitions, the market faced challenges, with Bitcoin and Ethereum prices dropping and significant outflows from BTC and ETH ETFs. However, funding rates remained positive, indicating ongoing trader interest despite market volatility.
Strategy and Bitmine Pause Crypto Buys as Four Firms Acquire $1.67B in Bitcoin
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