Michael Saylor’s Strategy (NASDAQ: MSTR) resumed Bitcoin acquisitions after a roughly two-week pause, purchasing 950 BTC for $75.7 million at an average price of $79,670 per coin.
Strive (NASDAQ: ASST) outpaced Strategy in both volume and dollar terms last week, adding 1,355 BTC for $107.7 million as crypto treasury companies continued deploying capital into digital assets.
Despite the smaller weekly purchase, Strategy remains the dominant corporate Bitcoin holder by a wide margin, with its latest buy lifting total holdings to 846,000 BTC.
Strive’s holdings rose to 26,355 BTC following the purchase, a fraction of Strategy’s total stack but a meaningful increase for the company’s growing treasury operation.
Strategy also continued aggressively buying back its STRC preferred stock, repurchasing 1.77 million shares for $174 million over the past week alone.
The STRC repurchase was more than twice the amount Strategy spent on Bitcoin during the same period, bringing its combined weekly spend across both transactions to nearly $250 million.
Strategy’s board had originally authorized up to $1 billion for Digital Credit Securities buybacks before doubling that figure to $2 billion earlier this month, and $875.1 million of that authorization remains following the latest repurchase.
Tom Lee-backed Bitmine Immersion Technologies (NASDAQ: BMNR) also continued expanding its Ethereum treasury, adding 27,562 ETH over the past week to bring its total holdings to 5.98 million ETH.
That figure represents approximately 4.9% of Ethereum’s total supply, putting Bitmine within reach of its stated “alchemy of 5%” target.
MSTR, ASST, and BMNR were among the top-trending tickers on Stocktwits as the buying activity coincided with a broad crypto rally on Monday morning.
Bitcoin crossed $85,000 for the first time since January, gaining over 6% in the last 24 hours, following a jump above $80,000 on Friday after the Commodity Futures Trading Commission filed two new proposals with the White House’s Office of Information and Regulatory Affairs for review.
Ethereum rose over 6% in the same period to $2,700, reaching its highest level in eight months, with retail sentiment on Stocktwits improving to “bullish” from “neutral” over the past day.
MSTR stock surged over 8% in pre-market trading following a 16% jump on Friday, while ASST and BMNR each rose over 6% in early morning trade, with BMNR on track to hit highs last seen in January.
