Analysis · Institutions & ETFs
Bitmine Immersion Technologies now holds over 6 million ETH, while Strive purchased 15,124 BTC in October.
Key point 1 of 3
01
Bitmine holds 6,060,506 ETH, representing 4.9% of total supply, alongside $498M in cash and securities.
Key point 2 of 3
02
Strive purchased 15,124 BTC in October, bringing its total holdings to 43,124 BTC as of Oct. 30.
Key point 3 of 3
03
Strategy resumed Bitcoin acquisitions, adding 811 BTC for $65.5 million after a one-week pause.
Context
Public companies are increasingly using digital assets as treasury reserves, with entities like Strategy pioneering the approach. The trend has expanded from Bitcoin to Ethereum.
Why it matters
The ongoing accumulation by corporate treasuries removes significant supply from the market. Bitmine's staking operations also lock up substantial ETH liquidity.
What to watch
Market participants will monitor MSCI's equity index rebalancing on Nov. 11, which could affect companies dominated by single assets like Strategy.
Sources
Built from 8 primary sources, machine-checked before publication.
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