USDStrategy buys $2.54B Bitcoin as Bitmine accumulates 101,627 ETH
Corporate crypto treasuries expand through structured funding and staking-driven accumulation
TL;DR
- Strategy bought 34,164 BTC for $2.54 billion, raising holdings to 815,061 BTC
- Bitmine acquired 101,627 ETH, bringing total to 4,976,485 ETH, or 4.12% of supply
- Both firms scaled crypto treasuries using structured capital and staking strategies
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Strategy purchased 34,164 Bitcoin between April 13 and April 19 for approximately $2.54 billion at an average price of $74,395 per coin, lifting its total holdings to 815,061 BTC, while Bitmine Immersion Technologies acquired 101,627 Ether in the same period, bringing its holdings to 4,976,485 ETH, equivalent to 4.12% of Ethereum’s supply.
Strategy’s latest acquisition raised its cumulative Bitcoin position, which was acquired for about $61.56 billion at an average cost of $75,527 per coin, and marked the company’s third-largest Bitcoin purchase by volume. The purchase pushed Strategy beyond the 800,000 BTC threshold after previously holding 780,897 BTC, consolidating its position as the largest corporate Bitcoin holder.
Funding for the transaction came primarily through Strategy’s STRC preferred security, which accounted for $2.18 billion, or 85.7% of proceeds, alongside $366 million raised from Class A common stock sales. The capital structure reflects a continued reliance on hybrid financing instruments to support Bitcoin accumulation.
Strategy CEO Phong Le said, “If we were to move forward with paying STRC semi-monthly, we would be in category one, the only preferred in the world that pays semi-monthly dividends. We think this is unique and attractive,” describing the company’s plan to position the instrument as a differentiated income product.
Michael Saylor said proposed STRC changes were “intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand,” outlining the rationale behind adjustments to the preferred stock’s payout structure.
STRC drew strong trading activity around its ex-dividend period, with the security paying 11.5% in monthly dividends, trading at or above $100 for 10 consecutive sessions, and reaching an $8.5 billion valuation. Damped Spring Advisors founder Andy Constan said, “Dudes I know were all in [STRC] leveraged long last night and have never done a div capture trade in their life,” pointing to heightened participation tied to dividend capture strategies.
MSTR shares moved in tandem with treasury developments, rising more than 10% on April 17, while also recording a separate surge of nearly 12% before easing about 2% to around $163 ahead of Monday’s open.
Bitmine expands Ether position and staking operations
Bitmine Immersion Technologies accumulated 101,627 ETH between April 13 and April 19, marking its fastest weekly purchase since the week of Dec. 15, 2025, and bringing total holdings to 4,976,485 ETH, valued at approximately $11.45 billion to $11.5 billion using a reference price of $2,301 per ETH.
Bitmine’s broader balance sheet includes 199 BTC, a $200 million stake in Beast Industries, a $107 million stake in Eightco Holdings, and $1.12 billion in cash, bringing total crypto, cash, and strategic holdings to $12.9 billion.
The company said it is approximately 82% of the way toward its “Alchemy of 5%” target, with about 247,000 additional ETH required to reach that level.
Chairman Tom Lee said, “In the past week, we acquired 101,627 ETH, which is the highest pace of buys since the week of December 15, 2025,” and added, “Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the ‘mini-crypto winter.’”
Lee also said Ethereum has risen 41% from early-February lows and outperformed the S&P 500 by 2,280 basis points since the US-Iran war began, and described Ether as the “best wartime defensive asset.”
Bitmine’s operational strategy extends beyond holding Ether, with 3.33 million ETH staked through its MAVAN platform, representing about $7.7 billion in staked assets and generating annualized revenue exceeding $200 million, including a reported $221 million run rate.
The company framed Ethereum as infrastructure for “agentic AI” and tokenized financial systems, describing public blockchains as critical for autonomous agents requiring decentralized transaction rails.
FAQ
What did Strategy buy?
Strategy bought 34,164 BTC for $2.54 billion.
How much Bitcoin does Strategy hold?
Strategy holds 815,061 BTC.
How much ETH does Bitmine control?
Bitmine holds 4,976,485 ETH, or 4.12% of supply.
How much ETH did Bitmine buy recently?
Bitmine bought 101,627 ETH in one week.
This article has been refined and enhanced by ChatGPT.
