Strategy Did Not Buy Bitcoin During the Asset's Best Week
During the week of August 17-23, 2026, which was a strong period for Bitcoin, the company Strategy refrained from buying or selling the cryptocurrency. Instead, it sold 18.26 million shares of MSTR through an ATM program, generating $2 billion in net proceeds. These funds were allocated as follows: $136.4 million to repurchase 1.43 million shares of its own stock (STRC), $300 million to its dollar reserve, and approximately $1.57 billion to a new USD Cash pool. This pool, intended for purposes like future Bitcoin purchases, debt payments, and share buybacks, boosted Strategy's total dollar liquidity to $6.69 billion. The company's Bitcoin holdings remained unchanged at 840,447 BTC, with an average purchase price of $75,385 per coin.
Separately, BitMine continued its accumulation of Ethereum, purchasing 32,447 ETH over the same week. CEO Tom Lee stated the company has been buying ETH weekly since launching its treasury strategy in June 2025. Lee cited strengthening fundamentals, asset tokenization on Wall Street, and agent AI as growth drivers, alongside supportive U.S. government policies. He expects the ETH/BTC ratio to rise further, fueled by asset tokenization and AI agent use rather than previous cycle drivers like ICOs and NFTs. BitMine reportedly holds 4.8% of Ethereum's total supply.
cryptonews.ru1 год тому