Strategy, Strive and Bitmine Resume Crypto Treasury Buying With $370M, $143M and $131M Purchases
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· body · New information from a source
Strategy bought 4,603 BTC for $370 million, its first Bitcoin purchase since June, according to Cointelegraph and The Defiant.The Defiant reports the buy was funded entirely with proceeds from MSTR share sales, leaving the company's $5.10 billion USD Reserve untouched for preferred dividends and debt interest.Decrypt notes Strategy also continued repurchasing its STRC perpetual preferred stock while building cash reserves.Bitmine, chaired by Tom Lee, made its largest Ether purchase since June, adding 53,501 ETH for $131 million, according to CoinDesk, The Block and Decrypt.The Block and Decrypt report the buy lifts Bitmine's holdings to 5.9 million ETH, equal to 4.9% of Ether's supply.Lee called ether the "best performing macro asset" and pointed to a strong third quarter for crypto, per CoinDesk and The Block.- Strategy bought $370 million of Bitcoin, its first purchase since June, according to Cointelegraph.
- The Defiant reports the company funded 4,603 BTC entirely with proceeds from MSTR share sales, leaving its $5.10 billion USD Reserve untouched for preferred dividends and debt interest.
- Decrypt notes Strategy also bought back its STRC preferred stock while raising cash at the same time.
- Strive bought 1,800 BTC for $143 million, lifting its holdings to 23,156 BTC and making it the fifth-largest publicly traded corporate Bitcoin holder, according to Cointelegraph.
- The Block reports TD Cowen raised its price target on Strive (ASST) and now expects the company to hold 27,156 BTC by the end of 2026, nearly 4,300 more than its prior forecast.
- Bitmine added 53,501 ETH, its largest Ether purchase since June, according to The Block and Decrypt, spending $131 million and raising its treasury to 5.9 million ETH, or 4.9% of total supply.
· summary · New information from a source
Strategy, Bitmine and Strive each announced fresh crypto buys, marking Strategy's and Bitmine's first large purchases since June and pushing Strive into the top five corporate Bitcoin holders.- Strategy, Strive and Bitmine all disclosed fresh Bitcoin and Ether purchases, ending pauses and pushing their combined treasury holdings higher across two networks.
· headline · New information from a source
Strategy, Bitmine and Strive Resume Large Crypto Treasury Purchases- Strategy, Strive and Bitmine Resume Crypto Treasury Buying With $370M, $143M and $131M Purchases
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Strategy bought Strategy buys $370M Bitcoin in first corporate purchase since June.
of Bitcoin, its first purchase since June, according to Cointelegraph. The Defiant reports the company funded 4,603 BTC entirely with proceeds from MSTR share sales, leaving its Bitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses.
USD Reserve untouched for preferred dividends and debt interest. Decrypt notes Strategy also bought back its STRC preferred stock while raising cash at the same time.
Strive bought 1,800 BTC for Strive buys 1,800 Bitcoin for $143M, becomes fifth-biggest corporate holder.
, lifting its holdings to 23,156 BTC and making it the fifth-largest publicly traded corporate Bitcoin holder, according to Cointelegraph. The Block reports TD Cowen raised its price target on Strive (ASST) and now expects the company to hold 27,156 BTC by the end of 2026, nearly 4,300 more than its prior forecast.
Bitmine added 53,501 ETH, its largest Ether purchase since June, according to The Block and Decrypt, spending Tom Lee's Bitmine Buys $131M of ETH in Largest Ethereum Purchase Since June.
and raising its treasury to Tom Lee's Bitmine acquired 53,501 ETH over the past week, expanding its corporate treasury to 5.9 million ether tokens.
ETH, or The purchase lifts Bitmine's stash to 5.9 million ETH—4.9% of supply—as chairman Tom Lee points to crypto's strong third quarter.
of total supply. Cointelegraph reports the firm has now bought Ether for 65 consecutive weeks despite $5.1 billion in paper losses. CoinDesk reports Bitmine chairman Tom Lee called crypto’s third quarter strong and described ether as the best-performing macro asset.
Sources: Cointelegraph, CoinDesk, The Block, Decrypt, The Defiant
This article is for information only and is not financial advice.
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Story so far 12 updates
- digestStrategy resumes Bitcoin purchases with $370 million buy, first since Junefirst reported · 2 sourcescoindesk.com · decrypt.co
- storyStrategy Buys $370M in Bitcoin, First Purchase Since June, as BitMine Makes Largest Ether Buy Since Thenupdate · 4 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co
- storyStrategy Buys $370 Million in Bitcoin, First Purchase Since Juneupdate · 4 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co
- storyStrategy Buys $370M in Bitcoin, First Purchase Since June, as BitMine Adds 53,501 ETHupdate · 4 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co
- storyStrategy Buys $370M in Bitcoin, Its First Purchase Since June, as Bitmine Adds 53,501 ETHupdate · 4 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co
- storyStrategy Buys $370M in Bitcoin, BitMine Adds $131M in Ether as Corporate Treasuries Resume Buyingupdate · 5 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co · thedefiant.io
- storyStrategy, Bitmine and Strive Resume Corporate Crypto Buying After Summer Pauseupdate · 5 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co · thedefiant.io
- storyStrategy, BitMine and Strive Resume Crypto Treasury Buying After Summer Pauseupdate · 5 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co · thedefiant.io
- storyStrategy, Bitmine, and Strive Resume Crypto Purchases as Ark Invest Buys More Block Stockupdate · 5 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co · thedefiant.io
- storyStrategy, BitMine and Strive All Resume Crypto Treasury Buying After Summer Pauseupdate · 5 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co · thedefiant.io
- storyStrategy, Strive and BitMine Resume Crypto Treasury Buying After Weeks-Long Pauseupdate · 5 sourcescointelegraph.com · coindesk.com · theblock.co · decrypt.co · thedefiant.io
- storyStrategy, Bitmine and Strive Resume Large Crypto Treasury Purchasesupdate · 5 sourcescointelegraph.com · coindesk.com · theblock.co · decrypt.co · thedefiant.io
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