Tom Lee's BitMine snaps up 12,532 ETH for $31M in corporate…
The purchase signals a growing wave of public companies treating Ethereum as a balance-sheet asset, following the playbook MicroStrategy pioneered with Bitcoin.
Every Zipp story tagged #InstitutionalBuying, newest first.
The purchase signals a growing wave of public companies treating Ethereum as a balance-sheet asset, following the playbook MicroStrategy pioneered with Bitcoin.
The purchase reinforces Strategy's bitcoin treasury model and keeps corporate accumulation in focus as a source of institutional demand.
The purchase pushes Strategy's bitcoin treasury above 4% of the capped supply, while stock issuance and preferred-share buybacks keep shareholder dilution central to the MSTR debate.
The target gives BitMine a defined ceiling for its Ethereum accumulation, making its future buying dependent on how quickly it reaches that share of supply.
The move puts Bitcoin on the balance sheet of a major retail trading platform, adding another corporate treasury buyer to the market.
The reported $33.65M purchase would add to institutional demand for Ether, with BitGo named as the transaction route.
The purchase adds a sizable corporate buyer to the Ethereum market, putting treasury demand for ETH in focus.
The purchase extends Strategy’s role as a corporate Bitcoin accumulator, keeping its treasury strategy in focus for investors tracking institutional demand.
The sale-and-repurchase sequence showcased liquidity, but Metaplanet bought back at a higher average price and is now targeting preferred securities for recurring income.
The purchases bring Strive's reported Bitcoin holdings to 27,462 BTC, putting the company among the largest public corporate holders.
The purchase keeps Strive among the largest public Bitcoin treasuries, while its pace and funding mix shape the scale of its longer-term accumulation ambitions.
The weekly picture is mixed: capital expanded in stablecoins and corporate Bitcoin holdings, while decentralized exchange trading volume declined.
The company now holds more than 4.9% of Ethereum's circulating supply, with 5.07M ETH staked and a stated target of 5%.
The purchase extends Strategy's use of Bitcoin as a corporate treasury asset, adding another sizable acquisition without disclosing a new total holding figure.
The purchases came alongside $246.2M in net proceeds from MSTR share sales, while Strategy ended the period with 847,666 BTC and $6.02B in USD assets.
The company now controls about 4.9% of Ethereum’s supply and is 98% of the way to its stated 5% ownership target.
The purchase keeps corporate bitcoin accumulation central to Strategy’s capital strategy, with its reported holdings now at 846,000 BTC.
The pace keeps Strive on track to overtake Twenty One Capital as the No. 2 public BTC treasury by 2026, but the buy is partly funded by a preferred-stock vehicle the market is still learning how to…
Bitmine’s latest purchase lifted holdings to 5.93 million ETH, bringing the company within roughly 171,000 ETH of its target while Ether consolidates near $2,400–$2,500.
Strategy sold under 1% of its BTC stack this year while publicly vowing to keep buying through a new ATH.