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Basis Desk

Story thread · 4 updates · September 28, 2026 → September 28, 2026

Corporate Treasuries Expand Crypto Holdings

Where things stand · updated 1h ago

Publicly traded companies are rapidly accumulating large balances of digital assets on their balance sheets.

Strategy issued shares to purchase an additional 1,665 $BTC for $142.7 million, expanding its aggregate balance to 847,666 bitcoin while retiring $151.7 million in preferred stock [1]. The firm continues to fund reserve expansion via equity issuance.

Concurrently, Bitmine Immersion Technologies has amassed more than 6 million $ETH across 15 months, reaching 4.9% of total circulating ether [2, 3]. Its total treasury assets—comprising crypto, cash, and marketable securities—stand at $17.2 billion [2, 3]. Prior to reaching the 6-million mark, the company added 53,501 ETH within a single week to hit 5.9 million tokens valued at $15.6 billion [4].

Beyond basic accumulation, staking strategies now feature prominently in enterprise treasury management. Bitmine has staked over 5 million tokens, representing roughly 86% of its ether reserves [2, 4].

Focus remains on Bitmine's stated target of securing 5% of circulating ether supply as institutional issuers balance treasury financing against secondary market liquidity [4].

Timeline

  1. Bitmine Ether Treasury Reaches 5.9 Million Tokens Worth $15.6B

    The company acquired 53,501 ETH over the prior week, staking 86% of its holdings while closing in on its 5% supply target.

  2. Bitmine Immersion Technologies Accumulates Over 6 Million ETH in Treasury

    The NYSE-listed firm now controls 4.9% of the total Ethereum supply, bringing its total crypto, cash, and marketable securities holdings to $17.2 billion.

  3. Bitmine Surpasses 6 Million ETH Holdings Valued at $17.2B

    The NYSE-listed firm has amassed 4.9% of total circulating ether in 15 months and staked over 5 million tokens.

  4. Strategy Buys 1,665 Bitcoin for $142.7 Million, Treasury Expands to 847,666 BTC

    The enterprise treasury firm issued MSTR shares to acquire more bitcoin and retire $151.7 million in preferred stock.

Basis Desk Newsroom · AI-generated, source-verified. The summary is regenerated from the thread's verified articles whenever a new one is added. Not financial advice.