USDStrategy Adds Bitcoin as Bitmine Expands Ethereum Treasury
Corporate crypto accumulation continues despite weak market sentiment
TL;DR
- Strategy bought more Bitcoin and raised its dollar reserve, while Bitmine added more Ethereum.
- Bitmine moved closer to its stated goal of owning 5% of Ethereum’s total supply.
- Tom Lee said the “best years for crypto remain ahead” despite weak market conditions.
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Strategy and Bitmine expanded their corporate crypto treasuries on June 22, 2026, with Strategy adding Bitcoin to its reserves and Bitmine buying more Ethereum as both companies continued accumulating digital assets during a market still marked by investor fear.
Strategy acquired 520 BTC for approximately $35 million, according to Michael Saylor, bringing the company’s Bitcoin reserve to 847,363 BTC. The company also increased its U.S. dollar reserve by $300 million, lifting that reserve to $1.4 billion as it continues managing both crypto holdings and cash liquidity.
Saylor said Strategy “plans to continue replenishing” its dollar reserve to support the credit quality of its Digital Credit securities. The move showed Strategy continuing its long-running Bitcoin accumulation strategy while also keeping liquidity available for its broader capital-market structure.
Bitmine also expanded its Ethereum position, buying 52,203 ETH over the past week for approximately $90 million. The purchase brought Bitmine’s holdings to 4.7% of Ethereum’s entire supply, leaving the company 94% of the way toward its stated goal of owning 5% of Ethereum’s total supply.
Treasury Moves and Market Data
The two purchases showed different approaches to corporate crypto accumulation. Strategy continued building a Bitcoin-focused treasury while strengthening its cash reserve. Bitmine, meanwhile, added to an Ethereum position that has become one of the largest corporate ETH holdings tracked in the provided information.
COIN360 crypto price data showed a modest rebound around the Strategy update. Total crypto market capitalization rose nearly 1% to approximately $2.22 trillion, while Bitcoin traded around $64,700 after gaining nearly 1% over 24 hours. Ethereum rose 2.35% to about $1,763, even as the Fear and Greed Index stood at 23.
Bitmine’s overall holdings now total $10.7 billion across crypto assets, cash, marketable securities, and strategic investments in Eightco and Beast Industries. The company has built its Ethereum position in less than a year since beginning its ETH acquisition campaign, according to the provided information.
Tom Lee, Chairman of Bitmine, remained publicly bullish even as Bitmine was described as still being billions of dollars in the red on its ETH position. “The best years for crypto remain ahead, in our view,” Lee said, tying that view to tokenization and fast progress in AI as long-term drivers for blockchain and decentralized crypto.
Lee also repeated his view that the current sluggish and sometimes bearish market remains in the early stages of “crypto spring.” The statement placed Bitmine’s latest ETH purchase within a longer-term view of the market rather than a short-term trading move.
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Staking Becomes Central to Bitmine’s ETH Strategy
Bitmine’s Ethereum strategy includes staking as a key part of its treasury structure. As of the day before the article’s release, Bitmine had staked 4,718,677 ETH, valued at more than $8.2 billion at the cited prices.
That staking position lifted Bitmine’s projected annualized staking revenue to $223 million. Lee said, “Bitmine has staked more ETH than other entities in the world,” presenting staking scale as a major part of the company’s Ethereum treasury strategy.
Lee said projected ETH staking rewards could reach $268 million annualized once Bitmine’s ETH is fully staked by MAVAN and its staking partners, based on a 2.73% 7-day BMNR yield. The staking revenue figures showed how Bitmine is seeking yield from its Ethereum position while holding a large balance-sheet exposure.
The provided information described Bitmine as the undisputed leader in corporate Ethereum holdings and the second-largest crypto accumulator after Strategy. Strategy’s latest update centered on Bitcoin reserves and dollar liquidity, while Bitmine’s update centered on Ethereum supply ownership and staking revenue.
The two treasury updates came while investor sentiment remained cautious. Strategy’s continued Bitcoin buying and Bitmine’s Ethereum accumulation showed corporate holders continuing to add exposure despite weak market psychology and unresolved pressure on crypto prices.
Strive Shares Surge Nearly 10% as BTC Holdings Approach 20,000 Coins
Strive, the bitcoin treasury company founded by Vivek Ramaswamy, saw its shares rise nearly 10% in early trading on Monday, following news that its BTC holdings increased to almost 20,000 coins. The company purchased 759 bitcoin at an average price of $65,850, totaling approximately $50 million.
Strive’s shares (Nasdaq: ASST) reached a peak of $16.31 before settling around $15.40. The gains in stock value coincided with a recovery in Strive's perpetual preferred stock, SATA, which had recently dipped below $93 due to a leveraged liquidation event, according to the Chairman and CEO Matt Cole. This volatility in bitcoin prices, which has seen a significant drop of over 50% from its all-time high near $125,000 late last year, has raised concerns regarding consolidation within the treasury sector.
Strive's notable ranking as the seventh-largest publicly-traded BTC treasury, ahead of major firms like SpaceX and Coinbase, underscores its growing prominence in the space. The company’s strategic sales of SATA are intended to facilitate further BTC acquisitions.
Sharplink Acquires 5,000 ETH, Marks First Purchase in Eight Months
Sharplink recently made its first Ethereum purchase in eight months by acquiring 5,000 ETH for approximately $7.85 million on June 25, 2026, as reported by EmberCN. The firm had previously obtained 19,270 ETH in October 2025, valued at $78.3 million.
As of June 21, 2026, Sharplink holds a substantial total of 876,285 ETH, equating to roughly $1.3 billion, with an estimated average acquisition cost of $3,609 per ETH, indicating an unrealized loss of about $1.79 billion.
Sharplink is now recognized as the second-largest public ETH treasury firm globally, trailing Tom Lee's Bitmine Immersion, which possesses 5.67 million ETH worth $8.7 billion as of June 14. The company rebranded from SharpLink Gaming in February 2026 to broaden its focus beyond traditional ether staking into diversified on-chain yield strategies.
In the first quarter of 2026, Sharplink reported total revenue of $12.1 million, a significant increase from just $742,000 in the same period the previous year. Additionally, Sharplink supported the launch of Ethlabs, a nonprofit aimed at facilitating Ethereum's next phase of institutional adoption, and is backed by influential figures in the Ethereum community, including co-founder Joe Lubin.
FAQ
What did Strategy buy?
Strategy bought additional Bitcoin and raised its U.S. dollar reserve.
What is Bitmine’s Ethereum target?
Bitmine aims to own 5% of Ethereum’s total supply.
What did Tom Lee say about crypto?
Lee said, “The best years for crypto remain ahead, in our view.”
Why does staking matter for Bitmine?
Staking gives Bitmine projected annualized revenue from its Ethereum holdings.
This article has been refined and enhanced by ChatGPT.
