Bitcoin, Ethereum, and altcoins have seen significant price increases in recent days. At this point, treasury companies have also started buying again.
First, Strategy, the world’s largest publicly traded Bitcoin holder, made purchases again after weeks.
According to a statement by Strategy founder Michael Saylor, Strategy purchased an additional 950 Bitcoin. This brings the company’s total Bitcoin holdings to 846,000 BTC. The company also repurchased STRC preferred shares worth $174 million.
Saylor noted that Strategy also holds assets worth $6.09 billion, 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 27,562 ETH, bringing its total holdings to 5,983,940. 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 $17.1 billion.
This figure includes 5.98 million ETH, 212 Bitcoin, $714 million in cash and marketable securities, $180 million worth of Beast Industries shares, and $105 million worth of Aitco Holdings shares.
Assuming the ETH price is $2,688, Bitmine’s ETH holdings are estimated to be worth approximately $16.1 billion.
Bitmine Chairman Tom Lee stated, “We believe a crypto bull market is continuing, driven by several factors, including the shift from AI to crypto that began in late June, the strengthening of crypto fundamentals around both tokenization and AI, and finally, the end of the 4-year cycle. In our view, ETH’s tremendous performance in Q3 2026 is seen as a harbinger of potentially even stronger growth in Q4 2026. Given that institutions kept their crypto investments low in early 2026, partly due to the superior performance of AI stocks in early 2026, we expect institutions to significantly increase their crypto investments in the final three months of 2026.”
Solana Procurement Announced Too!
Last week, Nasdaq-listed company DeFi Development Corp. announced it had purchased an additional 101,381 Solana tokens, bringing its total SOL holdings to 2.49 million. The company also added that it plans to use its SOL holdings for staking, validator operations, and on-chain financial infrastructure, depending on market conditions and risk management standards.
