Institutional Investors Rush into Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) as the Market Falls! Buying Has Accelerated! Here Are the Details

Bitcoin, the leading cryptocurrency, started the critical week, which will see the release of important economic data, with a decline, falling below $74,000. However, it subsequently rose above $74,000, while treasury companies continued their purchases this week.

At this point, Strategy, the world’s largest publicly traded Bitcoin holder, was the first to announce that it made purchases this week.

According to a statement by Strategy founder Michael Saylor, Strategy purchased 1,036 Bitcoin. This brings the company’s total Bitcoin holdings to 850,364 $BTC.

In response, the company repurchased STRC’s preferred shares, valued at $188 million.

Saylor noted that Strategy also holds $4.9 billion in assets, adding that the company’s dollar-denominated assets could cover current preferred stock dividends and interest payments for approximately 3.4 years.

Besides Strategy’s purchases, Strive also continued its buying activity, acquiring an additional 29 Bitcoin last week. Strive CEO Matt Cole announced on his X account that they purchased 29 $BTC last week at an average price of $75,721. With this purchase, Strive’s total Bitcoin holdings rose to 43,153 $BTC.

Ethereum Purchases Continue!

Bitmine, the world’s largest holder of Ethereum, announced last week that it had purchased an additional 9,587 $ETH, bringing its total holdings to 6,070,092 $ETH. According to the announcement, this represents 4.97% of the total circulating $ETH supply.

The official statement indicated that Bitmine’s total assets, including cryptocurrency, cash, marketable securities, and strategic investment assets, amount to $14.3 billion.

This figure includes 6.07 million $ETH, 216 Bitcoin, $475 million in cash and marketable securities, $180 million worth of Beast Industries shares, and $75 million worth of Eightco Holdings shares.

Bitmine Chairman Tom Lee stated, “Ethereum founder Vitalik Buterin said at Devcon 8 in Mumbai, ‘I’ve finally made my decision, $ETH is a store of value, $ETH is money.’ In my view, this statement by the Ethereum founder represents a seismic shift, clarifying how $ETH will gain value in this upcoming supercycle of tokenization and AI. For me, $ETH is not a ‘cash flow’ token model like HYPE or LIT, but rather an uncorrupted and reliable collateral, reflecting Ethereum’s preference for Layer 1, which is favored by the vast majority of financial institutions moving their assets to the blockchain.”

Solana Procurement Announced Too!

Last week, Nasdaq-listed company DeFi Development Corp. announced it had purchased an additional 8,881 Solana, bringing its total $SOL holdings to 2.6 million. The company also stated that it generated additional $SOL and commission revenue by using its $SOL holdings for staking and operating its own validator.

Joseph Onorati, CEO of DeFi Development Corp., said, “Our strategy remains consistent: It’s about accumulating $SOL, multiplying our assets, and increasing the value of $SOL per share.”

*This is not investment advice.