USDStrategy Adds Bitcoin as Bitmine Expands Ethereum Treasury
Public crypto treasury firms increase holdings during market pullback
TL;DR
- Strategy bought more Bitcoin and increased its USD Reserve after selling common stock.
- Bitmine raised its Ethereum holdings and moved closer to its 5% ETH supply target.
- Tom Lee said crypto is in the “early stages of crypto spring.”
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Strategy and Bitmine Immersion Technologies expanded their crypto treasuries on June 15, 2026, with Strategy adding Bitcoin after raising cash through its stock program and Bitmine increasing its Ethereum holdings as Chairman Tom Lee said the market was in the “early stages of crypto spring.”
Strategy acquired 1,587 BTC during the week of June 8 to June 14, spending about $100 million at an average price of $63,024 per bitcoin. The purchase raised the company’s total holdings to 846,842 BTC, giving Strategy a Bitcoin position valued at roughly $56 billion at current prices against a total acquisition cost of about $64 billion.
The company’s average purchase price across its Bitcoin treasury stood at $75,656 per coin, placing the latest purchase below its overall cost basis. Strategy’s holdings represented roughly 4% of the total Bitcoin supply that will ever exist. Bitcoin was trading above $66,000 as per COIN360 data.
Michael Saylor said Strategy had acquired “1,587 BTC for $100 million” and increased its Bitcoin reserve to “846,842.” Saylor also said the company increased its “USD Reserve by $100 million to $1.1 billion,” tying the latest Bitcoin purchase to a broader balance-sheet update.
Strategy raised $209 million during the same week by selling about 1.73 million MSTR shares through its at-the-market program. The stock sale helped increase the company’s USD Reserve from $1 billion to $1.1 billion. Strategy had originally set aside the USD Reserve in December 2025 to cover dividends on preferred shares and interest on debt.
The reserve increase followed Strategy’s June 1 disclosure that it had sold 32 BTC to fund preferred dividends. Strategy shares were reported up 5% pre-market after the latest update.
Bitmine Moves Closer to Its Ethereum Supply Target
Bitmine Immersion Technologies reported that its Ethereum treasury had increased to 5.62 million ETH tokens as of June 14. The company acquired 76,881 ETH over the previous week, bringing its holdings to 4.66% of total ETH supply.
Bitmine’s stated target is the “alchemy of 5%,” referring to control of 5% of Ethereum’s 120.7 million-token supply. The latest purchase put the company 93% of the way toward that target, which Tom Lee said Bitmine is expected to reach sometime in 2026.
Bitmine was described as the largest corporate ETH holder globally and the second-largest corporate crypto treasury overall, behind Strategy’s roughly $54 billion Bitcoin position. Tom Lee said Bitmine is maintaining an elevated pace of buying and argued that the recent pullback in ETH price does not match stronger Ethereum network fundamentals he sees.
Lee said the accumulation was “not surprising” because he believes crypto is in the “early stages of crypto spring.” ETH traded at $1,765 on Monday, up 5.87% over the previous 24 hours.
Bitmine said 4,718,677 ETH was currently staked, representing more than 83% of its total ETH holdings. The company said its staking operations were running at a 2.79% seven-day yield.
Bitmine projected annualized staking revenue of about $219 million, with potential to rise to roughly $269 million at scale through its MAVAN validator infrastructure. The company also reported holdings of 204 BTC, a $180 million stake in Beast Industries, an $88 million stake in Eightco Holdings, and total cash and marketable securities of $502 million.
Bitmine shares, trading under BMNR, closed Friday’s session at $16.11, down 2.48% on the day.
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FAQ
How much Bitcoin did Strategy buy?
Strategy bought 1,587 BTC during the week of June 8 to June 14.
What is Bitmine’s Ethereum target?
Bitmine is targeting 5% of Ethereum’s 120.7 million-token supply.
What did Tom Lee say about the market?
Tom Lee said crypto is in the “early stages of crypto spring.”
How much ETH does Bitmine stake?
Bitmine said 4,718,677 ETH was currently staked.
This article has been refined and enhanced by ChatGPT.
