Strategy, Strive and Bitmine announced new cryptocurrency purchases on Monday, October 19. Strategy bought 267 Bitcoin, Strive acquired 1,223 Bitcoin, and Bitmine purchased 12,535 Ethereum. All three companies continued expanding their crypto holdings through different capital management strategies.
The announcements show that the companies are also focusing on cash management and financing. Strategy repurchased STRC shares while buying Bitcoin. Strive continued its financing efforts, while Bitmine supported its Ethereum accumulation with staking activities.
Strategy buys Bitcoin and repurchases STRC shares
Strategy spent $22.1 million on 267 Bitcoin between October 12 and 18. Its average purchase price, including transaction expenses, was $82,900 per coin. The latest acquisition brought its total holdings to 848,517 BTC.
The company has spent $64.02 billion on its Bitcoin holdings to date. Its average acquisition cost across the entire portfolio stands at $75,446 per Bitcoin. Strategy funded $22 million of its latest purchase through MSTR share sales.
During the same period, the company repurchased approximately 1.94 million STRC preferred shares. It spent $193.1 million on these repurchases and paid another $45.5 million in preferred dividends.
These expenditures reduced its total dollar assets by approximately $239 million to $5.28 billion. That figure includes a $4.83 billion payment reserve and $447.3 million in cash for general purposes.
Strategy’s management also expanded its preferred securities repurchase program. The program’s total authorization increased from $2 billion to $3 billion. Following the latest transactions, approximately $1.16 billion remained available under the program.
Strive’s latest purchase brings holdings to 36,818 Bitcoin
Strive CEO Matt Cole announced that the company purchased 1,223 Bitcoin between Wednesday and Friday. It paid an average of $81,734 per Bitcoin. The reported volume and average price imply a purchase worth approximately $100 million.
The latest transaction increased Strive’s total Bitcoin holdings to 36,818 BTC. The company expanded its holdings again after announcing two earlier major purchases. These three acquisitions totaled 7,356 Bitcoin.
However, the latest announcement of 1,223 BTC does not cover all of Strive’s purchases last week. The company previously disclosed buying another 2,822 Bitcoin on October 12 and 13. Its total purchases for October 12–16 therefore reached 4,045 Bitcoin.
This distinction matters when comparing the companies’ weekly acquisition rates. Strategy’s reported purchase of 267 BTC covers October 12–18. Strive’s latest announcement covers only its Wednesday-to-Friday transactions during the same week.
Cole also said he expected proceeds from the SATS preferred share offering to settle on Tuesday. Strive plans to maintain an 18-month dividend reserve. The company is therefore setting aside funds for future payment obligations while expanding its Bitcoin holdings.
Bitmine’s Ethereum holdings exceed 6.04 million
On the Ethereum side, Bitmine announced that it purchased 12,535 ETH over the past week. Its total Ethereum holdings reached 6,041,481 ETH as of October 18. Bitmine said this represented approximately 4.9% of the total ETH supply.
The company continues to approach its target of accumulating 5% of Ethereum’s supply. Chairman Tom Lee said its weekly purchases have continued without interruption. 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 Ethereum holdings for staking. The company’s staked holdings reached 5,067,309 ETH. This represents approximately 84% of its total Ethereum holdings.
Based on current staking data, the company estimates approximately $309 million in annualized revenue. However, this figure does not represent guaranteed future earnings. Ethereum’s price and staking yields could change the actual amount.
Bitmine’s crypto assets, cash, marketable securities and other investments have a combined value of $15.1 billion. Its cash and marketable securities stand at $582 million.
