Companies holding crypto assets started the week with different investment decisions. Strategy made no Bitcoin purchases last week, while Strive bought $511.4 million worth of Bitcoin.
Meanwhile, Bitmine continued its weekly Ethereum purchases. The company added another 10,452 ETH to its portfolio.
Strive’s purchase stood out among the updates released on Monday, October 26. The company increased its total Bitcoin holdings to 43,000 BTC. Bitmine’s Ethereum reserves exceeded 6.05 million ETH.
Strive Buys $511.4 Million Worth of Bitcoin
Strive purchased 6,182 Bitcoin between October 17 and 23. The company spent approximately $511.4 million on the acquisitions. Its average purchase price reached $82,732 per Bitcoin, including fees and expenses.
A filing with the U.S. Securities and Exchange Commission detailed the increase in reserves. Strive held 36,818 BTC on its balance sheet as of October 16. The latest purchases brought that figure to 43,000 BTC.
The company’s Bitcoin reserves therefore grew by approximately 16.8% during the period. The transaction marked Strive’s largest Bitcoin purchase to date.
Alongside its Bitcoin purchases, the company strengthened its cash position. Cash and cash equivalents rose from $317.5 million to $504.4 million. This represented an increase of $186.9 million.
Strive also maintained its holdings of Strategy’s STRC preferred stock. The company’s position remained unchanged at 505,000 STRC shares. The fair value of those shares reached approximately $50.18 million.
A New Financing Program Also Takes Effect
Strive’s large purchase followed its SATS preferred stock offering. The company sold 7 million shares at $90 each, raising $630 million in gross proceeds.
Strive also established a new at-the-market offering program for SATS shares. The program allows the company to sell up to $1 billion in shares over time.
The company can use the proceeds for Bitcoin purchases and other corporate purposes. Potential uses also include income-generating assets, working capital, and share buybacks.
However, the program’s size does not mean Strive has already raised $1 billion. Actual sales will depend on the company’s financing decisions and market conditions.
Bitmine Lifts Ethereum Reserves Above 6.05 Million
Bitmine announced that it purchased 10,452 ETH last week. The acquisitions brought its total Ethereum holdings to 6,051,933 ETH as of October 25.
The company said this represented approximately 4.95% of Ethereum’s total supply. Bitmine aims to hold 5% of the total ETH supply over the long term.
Chairman Tom Lee highlighted the company’s continued weekly purchases. According to Lee, Bitmine has bought ETH every week since launching its Ethereum treasury strategy on June 30, 2025.
Bitmine also uses a substantial portion of its reserves for staking. The company’s staked Ethereum reached 5,227,037 ETH. That amount represents approximately 86% of its total Ethereum holdings.
The company reported annualized staking revenue of $318 million based on its current staking position. This figure reflects an annualized calculation under current conditions, rather than realized revenue over a full year.
Bitmine also repurchased its own shares during the same week. The company bought 2.04 million shares at an average price of $22.48. It therefore allocated funds to share buybacks while continuing to accumulate Ethereum.
While Strategy ended the week without new Bitcoin purchases, the other two companies expanded their reserves. Strive’s update highlighted Bitcoin acquisitions and new financing options. Bitmine continued its Ethereum purchases, staking activities, and share buybacks.
