Strategy Expands to 717,131 BTC at $54.52B Cost as Bitmine Lifts ETH to 4,371,497; American Bitcoin Surpasses 6,072 BTC in Under Six Months

Public Crypto Treasuries Deploy $260M During Market Slide While Mining-to-Treasury Model Accelerates U.S. Bitcoin Accumulation

TL;DR

• Strategy bought 2,486 BTC for $168.4M, bringing holdings to 717,131 BTC at $54.52B total cost.
• Bitmine added 45,759 ETH, raising its treasury to 4,371,497 ETH with 3,040,483 ETH staked.
• American Bitcoin reported 6,072 BTC, crossing 6,000 BTC in under 6 months since its Nasdaq debut.

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Strategy disclosed it purchased 2,486 Bitcoin for $168.4 million during the week of Feb. 9–16, 2026, lifting its total holdings to 717,131 BTC. The acquisition was funded through share issuance, including 785,354 STRC preferred shares that generated $78.4 million and 660,000 Class A common shares that produced $90.5 million in net proceeds. Company filings place aggregate acquisition costs at $54.52 billion, implying an average purchase price of $76,027 per Bitcoin, while the latest tranche was acquired at approximately $67,710 per coin.

Corporate treasury expansion unfolded as crypto price volatility weighed on public markets. COIN360 data shows Bitcoin trading near $66,700 after declining roughly 30% over the previous 30 days, while Ether changed hands around $1,990 following a 40% monthly drop. Strategy shares were recently quoted at $129, representing a 72% decline from peak levels. Bitmine Immersion Technologies traded around $20, down 85% from highs despite being up 175% year over year, according to market data tracking equity performance alongside the broader crypto price index and coin market cap fluctuations.

Bitmine Immersion Technologies reported the addition of 45,759 ETH to its balance sheet, bringing total Ether reserves to 4,371,497 ETH, equal to 3.62% of the circulating supply of 120.7 million ETH. The company disclosed that 3,040,483 ETH are staked, valued at approximately $6.1 billion at an ETH crypto price near $1,998, with annualized staking revenue estimated at $176 million. Bitmine’s portfolio totals $9.6 billion in crypto, cash and investments, including $670 million in cash, 193 BTC, a $200 million stake in Beast Industries and a $17 million stake in Eightco Holdings.

Treasury data compiled from BitcoinTreasuries.NET lists 194 publicly traded companies collectively holding about 1.136 million Bitcoin worth roughly $76 billion, while 28 entities hold approximately 6.3 million Ether valued near $12.5 billion. Secondary holders cited in disclosures include SharpLink Gaming with 864,840 ETH and MARA Holdings with 53,250 BTC, both operating within a sector closely tied to movements in the crypto price index and broader coin market cap metrics.

American Bitcoin Corp. announced on Feb. 17, 2026 that it had surpassed the 6,000 BTC threshold, reporting holdings of 6,072 BTC according to blockchain analytics firm Arkham Intelligence. Co-founder and Chief Strategy Officer Eric Trump said the company reached the benchmark as “an incredible milestone” by surpassing 6,000 BTC “in under 6 months since our Nasdaq debut,” describing the pace of accumulation following its public listing. Earlier filings showed reserves of approximately 5,098 BTC in mid-December 2025 and around 4,783 BTC in early December.

Company disclosures indicate American Bitcoin increased reserves by roughly 217 BTC during January 2026 while continuing to operate a mining-to-treasury model that combines direct mining output with strategic purchases. The firm’s holdings have fluctuated around 6,060 BTC, valued near $413 million based on prevailing crypto price data. The company partners with Hut 8, which owns about 80% equity and supplies infrastructure supporting the accumulation strategy through North American mining operations.

This article has been refined and enhanced by ChatGPT.