Coin-Equity Barometer丨Strategy Resumes Buying After 9 Weeks, Acquires $370M Worth of BTC; Bitmine Increases ETH Holdings by 53,501 Last Week, Total Exceeds 5.9 Million (September 1)
Weekly Crypto Stock Market Outlook (September 1)
Last week saw continued gains for crypto-related stocks despite a slight dip in the broader crypto market. Companies like Circle (CRCL) and Coinbase (COIN) posted notable increases. Meanwhile, traditional markets in South Korea and Japan faced challenges from policy shifts and currency intervention.
Key corporate developments in the crypto treasury space were highlighted:
* **BTC Treasuries:** Corporate buying of Bitcoin surged 529.6% week-over-week. Strategy (MSTR) resumed purchases after nine weeks, buying 4,603 BTC for ~$370M. Strive added 1,800 BTC (~$143M), and Genius Group announced an $827M acquisition plan via preferred shares. The cohort holding 100-1,000 BTC saw its largest 60-day accumulation since April.
* **ETH Treasuries:** Bitmine significantly increased its Ethereum holdings, adding 53,501 ETH last week. Its total ETH holdings now exceed 5.9 million, with over 5 million ETH staked. Analyst Tom Lee noted Bitmine is close to holding 5% of ETH's circulating supply.
* **Other Assets:** Solana treasury company DeFi Dev resumed SOL purchases, increasing its stash to ~2.33 million tokens. Hyperliquid Strategies reported a $1.9 billion HYPE token reserve, and Avalanche's treasury firm AVAT announced a $10M stock buyback despite a Q2 net loss.
Overall, corporate crypto treasury activity remains robust across major assets as markets navigate macroeconomic and geopolitical uncertainty.
marsbit09/01 07:40