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Strategy, Strive Add Bitcoin as Bitmine ETH Holdings Top 6 Million
Treasury firms report fresh accumulation and expanding balance sheets across BTC and ETH
TL;DR
- Strategy bought 334 BTC for about $28.7 million, taking its holdings to 848,000 BTC.
- Strive acquired 2,000 BTC for $169 million, bringing its holdings to 29,462 BTC.
- Bitmine reported 6,016,414 ETH and said its crypto, cash, marketable securities and “moonshot” holdings totaled $17.4 billion.
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Strategy and Strive disclosed fresh bitcoin purchases on October 5, 2026, while Bitmine Immersion Technologies said its Ethereum holdings had reached 6,016,414 ETH as of October 4 at 6:30 p.m. ET. The updates showed continued accumulation across both bitcoin and ether corporate treasury strategies, with Strategy reporting its highest-ever BTC balance and Bitmine saying it now owns 4.9% of the total ETH supply.
Strategy Reaches Record 848,000 BTC Holdings
Strategy acquired another 334 BTC between September 28 and October 4 for approximately $28.7 million, paying an average of $85,838.80 per bitcoin, according to an 8-K filing with the Securities and Exchange Commission. The company now holds 848,000 BTC, valued at around $73 billion. Michael Saylor, Strategy’s co-founder and executive chairman, said the position was acquired at an average price of $75,440.70 per bitcoin for a total cost of around $64 billion, including fees and expenses.
Strategy’s holdings are equivalent to more than 4% of bitcoin’s 21 million supply cap and implied around $9 billion in paper gains at the values cited in the source.
The latest bitcoin purchase was financed through MSTR stock sales and the company’s USD Cash holdings.
Saylor had posted another Strategy bitcoin acquisition tracker on X on Sunday with the caption, “More orange than ever.” The purchase extended Strategy’s consecutive weekly buying streak to three.
Bitcoin Treasuries data cited in the material showed 196 public companies had adopted some form of bitcoin acquisition model. Behind Strategy, the other companies identified among the top five were:
Strategy shares fell 7.1% during the prior week and closed Friday at $160.01. MSTR was up 0.5% year to date but remained 48% lower over the past year, while bitcoin traded flat over the same weekly period.
Strive Adds 2,000 BTC in Third-Largest Transaction
Strive CEO Matt Cole said the company spent $169 million to acquire 2,000 BTC during the prior week at an average cost of $84,422 per bitcoin. The purchase lifted Strive’s holdings to 29,462 BTC, with its overall average acquisition price reported as somewhere between $90,400 and $90,700.
Cole wrote: “Strive acquired 2,000 $BTC for $169M at an average cost of $84,422 per bitcoin, bringing total holdings to 29,462 [$BTC]. 61.5% of capital raised came from SATA, with warrants generating $56.7M. Today’s 8-K also highlights key metrics and KPIs through 3Q26.”
The transaction was described as Strive’s third-largest accumulation event according to on-chain data.
The largest event was not a direct market purchase but came through Strive’s merger with Semler Scientific. The latest acquisition was also substantially larger than Strategy’s purchase during the same reporting period.
Bitmine Holds 4.9% of ETH Supply
Bitmine said its crypto, total cash and marketable securities, and “moonshot” investments reached $17.4 billion. The company described itself as the largest Ethereum treasury and said it was 99% of the way toward its “Alchemy of 5%” goal after 15 months.
Thomas “Tom” Lee, Chairman of Bitmine, tied the company’s treasury strategy to its stock performance. “We believe that as crypto enters a cycle we view as a bull market, what is notable is Bitmine's share price outperformance of ETH during the bear market of 2025-2026. In the first 9 months of 2026, ETH declined 10% while BMNR was down by 3%, or outperformance of 731bp,” Lee said.
Lee continued: “In our view, BMNR's share performance reflects the Company's commitment to optimize shareholder return. And we accomplished this via many actions including executing the largest ever crypto treasury equity buyback, acquiring 21 million shares in 2026 alone.”
Lee also said: “The outperformance of ETH by 6,832bp relative to the S&P 500 in 3Q26 is notable considering the substantial macro headwinds that emerged in the quarter including a 'hawkish' Fed, surging oil, rise in global bond yields and general tightening of financial conditions. Quarter to date, ETH is outperforming by 6,832bp, dwarfing other macro assets.”
Bitmine said it acquired 15,112 ETH during the past week. Lee said, “Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025.”
This article has been refined and enhanced by ChatGPT.
