Public companies accumulating cryptocurrencies have started to ease off their aggressive buying strategies. BitMine Immersion Technologies recorded its smallest weekly Ethereum purchase of 2026, while Strategy sold part of its Bitcoin holdings and used the proceeds to repurchase shares.
Both transactions suggest that crypto treasury companies are placing greater emphasis on capital management alongside digital asset accumulation. BitMine has been buying back its own shares, while Strategy strengthened its cash reserves and retired part of its preferred stock.
BitMine’s Ethereum purchases slow down
BitMine, the world’s largest Ethereum treasury company, purchased 7,391 ETH last week. Worth approximately $14.2 million, the transaction marked the company’s smallest weekly Ethereum acquisition of 2026.
The purchase lifted BitMine’s total holdings to 5.81 million ETH. The company now controls approximately 4.8% of Ethereum’s total supply. The latest transaction also extended BitMine’s uninterrupted ETH buying streak to 58 weeks.
However, the weekly purchase remained far below the acquisitions of more than 100,000 ETH that the company completed earlier this year. BitMine Chairman Thomas Lee previously said the company would slow its buying pace as it approached its goal of owning 5% of Ethereum’s supply.
BitMine has shifted its focus toward share repurchases during this period. The company bought back 3 million BMNR shares last week for an estimated $50 million to $58 million. Its total share repurchases since July have now reached 19.1 million shares.
BitMine also holds 209 BTC, $104 million in cash and marketable securities, as well as stakes in Beast Industries and Eightco Holdings.
Strategy sells 1,690 Bitcoin
Bitcoin treasury company Strategy sold 1,690 BTC last week, raising $108.6 million. The Bitcoin was sold at an average price of $64,262 after fees and expenses.
The company used the entire amount to repurchase shares of its variable-rate preferred stock, STRC. Strategy bought back 1,152,020 STRC shares for $108.6 million.
Following the sale, Strategy’s Bitcoin holdings fell to 840,447 BTC. The company acquired these coins for a total of $63.36 billion at an average purchase price of $75,385.
Strategy also raised another $653.1 million by selling 6.59 million shares of common stock during the same week. It transferred $650 million of the proceeds to its dollar reserve, lifting the balance to $4.65 billion as of August 9.
Companies turn their attention to capital management
BitMine’s smaller Ethereum purchases and Strategy’s Bitcoin sale point to a new phase in corporate crypto treasury strategies. Companies are placing greater weight on share repurchases, cash reserves and financing costs as they manage their digital asset holdings.
Thomas Lee also expressed disappointment that the CLARITY Act failed to secure a Senate vote before the August recess. Still, he said softer inflation and employment data could ease financial conditions, creating a supportive environment for the crypto market.
