Analysis · Institutions & ETFs
Strategy purchased 1,665 BTC to push its holdings to 847,666 tokens, while Bitmine crossed the 6 million ETH milestone to control nearly 5% of the total circulating supply.
Key point 1 of 3
01
Strategy purchased 1,665 BTC for $142.7 million, bringing its total holdings to 847,666 BTC with an aggregate purchase price of $63.95 billion as of September 27, 2026.
Key point 2 of 3
02
Bitmine's ETH treasury crossed 6 million tokens, representing 4.9% of the total circulating supply, valued at $16.19 billion as of September 27, 2026.
Key point 3 of 3
03
Bitmine has staked 5.06 million ETH (84% of its treasury) via its MAVAN platform, generating an annualized 7-day yield of 2.62% and $358 million in projected revenue.
Context
The corporate treasury landscape has shifted from defensive cash management to active digital asset accumulation, pioneered by Strategy's Bitcoin standard in 2020 and followed by Bitmine's Ethereum treasury strategy…
Why it matters
Strategy and Bitmine are absorbing significant percentages of liquid circulating supplies, reducing market float. Bitmine's staking model also positions it as a major decentralized network validator, yielding hundreds…
What to watch
Watch for Tom Lee's keynote address at Korea Blockchain Week on September 30, 2026, and the ongoing utilization of Strategy's remaining $18.84 billion ATM stock issuance capacity.
Sources
Built from 4 primary sources, machine-checked before publication.
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