Major crypto treasury companies step up crypto holdings, as Greenlane announces a BERA treasury.<\/p>\n
Corporate crypto treasury activity picked up this week, as major Digital Asset Treasury (DAT) companies<\/a> boosted their holdings, while others forged new strategic partnerships.<\/p>\n Ethereum-focused BitMine Immersion Technologies Inc<\/a>. (NYSE AMERICAN: BMNR) increased its ETH holdings by more than 203,000 tokens, worth more than $800 million, while Strategy Inc. (formerly MicroStrategy) added 168 Bitcoin (BTC) to its balance sheet.<\/p>\n Meanwhile, Greenlane Holdings unveiled a new initiative with the Berachain<\/a> Foundation to build the first-ever corporate BERA DAT.<\/p>\n The moves highlight the continued evolution of corporate digital asset adoption, with DATs increasingly treating Bitcoin (BTC), Ethereum (ETH), and even newer tokens like BERA as balance-sheet assets.<\/p>\n BitMine Chairman Thomas \u2018Tom\u2019 Lee said on Monday that the company purchased 203,826 Ether (ETH) last week, bringing its total holdings to 3,236,014 ETH \u2013 roughly 2.7% of Ethereum\u2019s total circulating supply \u2013 at an average price of $4,022 per token.<\/p>\n “We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH,” said Lee, according to a press release.<\/a><\/p>\n Following the announcement, BMNR stock rose 7%, trading at $53. The company\u2019s total crypto and cash holdings now exceed $12.9 billion, including positions in ETH, BTC, and various equity stakes.<\/p>\n This update comes just days after an Oct. 16 Fortune article quoted Lee saying the DAT bubble may have already popped.<\/p>\n More specifically, Lee said<\/a> that around 80% of crypto treasuries are likely trading below their actual value. However, he noted this isn\u2019t necessarily a crisis as companies can take steps to protect or convert their holdings. <\/p>\n The interview came as the broader crypto market plummeted on Oct. 10<\/a> and for several days after. ETH is currently trading around $3,946, down 2% on the day and 5.5% on the week.<\/p>\n Meanwhile, Strategy Inc. (NASDAQ: MSTR), the largest corporate holder of Bitcoin, acquired 168 BTC for $18.8 million on Monday, raising total holdings to 640,418 BTC, according to a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC).<\/a><\/p>\n The move solidifies Strategy\u2019s position as the leading corporate Bitcoin treasury. BTC is currently trading near $111,000, up 2% on the day but down 4% on the week.<\/p>\n Meanwhile, STRA shares are up 4% on the day to $300 following the announcement.<\/p>\nBitMine Immersion Expands Ethereum Holdings<\/h2>\n
Strategy Inc. Adds Bitcoin<\/h2>\n
Greenlane and Berachain Launch BERA Treasury<\/h2>\n