- Strategy Inc. now holds 3% of all Bitcoin, pushing its total to 630,000 BTC.
- BitMine adds $2.2B in Ethereum, aiming to control 5% of ETH supply long term.
- Galaxy and Pantera launch billion-dollar Solana funds, backed by top U.S. investment firms.
- BNB treasury firm B Strategy plans $1B raise, backed by ex-Binance and Bitmain executives.
Crypto markets are still trending down, but institutional interest is rising fast. Several companies made large purchases this week, adding billions to their balance sheets in Bitcoin, Ethereum, Solana, and BNB, according to a YouTube video by BTCDaily. Despite the fall in prices, the buy-side activity by corporate players only indicates their deeper positioning in the asset.
To begin with, Strategy Inc. purchased 3,081 BTC for its treasury since it had nearly 630,000 BTC in total. The company now holds close to 3% of the total capped supply of Bitcoin. It currently remains the largest public holder of Bitcoin, steadily accumulating.
This week, Metaplanet bought 103 BTC for $11.6 million in Tokyo. Its total holdings now stand at 18,991 Bitcoins paid for at an average price of $102,712. Since it started buying in April 2024, the company has spent almost $2 billion on Bitcoin. It is now the seventh-largest public holder of Bitcoin.
BitMine Expands Ethereum Holdings by Over $2 Billion
BitMine Immersion bought 190,500 Ethereum this week, increasing its total to 1.71 million ETH. At current prices, the holding is valued at $8.23 billion. Including cash and other assets, BitMine now manages a total of $8.82 billion.
The company also holds 192 Bitcoin and $562 million in cash. BitMine’s goal is to eventually hold 5% of Ethereum’s total supply. The move is supported by several major investors, including ARK Invest, Founders Fund, and Pantera. BitMine is now the largest Ethereum treasury in the world and ranks second overall in total crypto holdings behind Strategy Inc.
Its stock is among the most actively traded on U.S. markets. Fundstrat data shows an average daily trading volume of $2.8 billion, putting BitMine just behind Coinbase and ahead of JPMorgan.
New Solana Treasury Funds in Development
Galaxy Digital, Jump Crypto, and Multicoin Capital are joining forces to raise $1 billion for a Solana-focused treasury company. Bloomberg reported the group plans to acquire a public company and convert it into a Solana holding firm. Cantor Fitzgerald is leading the banking side of the deal.
Pantera Capital is also planning a Solana treasury fund, starting with $500 million and expanding to $1.25 billion through warrants. According to sources, the goal is to launch a Nasdaq-listed vehicle to hold SOL as its main asset.
Sharps Technology, meanwhile, is preparing a $400 million private placement for its own Solana treasury. The fund is backed by Pantera, ParaFi Capital, and Monarq. Sharps aims to manage the largest publicly declared Solana treasury once the capital is deployed.
BNB Holding Firm Launched with Backing from Former Binance Executives
B Strategy, a newly announced U.S.-listed company, is preparing to raise $1 billion for a BNB treasury. The firm is supported by YZi Labs, formerly Binance Labs, and led by former executives from Metalpha and Bitmain.
Meanwhile, as its main asset, the company intends to keep BNB and invests in its ecosystem. As part of its developmental plan, it entails funding development efforts, supporting early-stage projects, and allocating capital towards community programs. Officials of the company claimed that the entire structure was meant to work as a long-term holding company in the BNB economy.
Bitcoin, Ethereum, and Solana all traded lower this week. Despite that, institutional buying continues without a break. Corporate buyers seem to be using the price drop as an entry point to enter the market higher.
Each day brings new updates from companies marinating capital into crypto. For now, the focus among these companies remains steady: build a treasury, hold long-term, and prepare for broader adoption.
