Corporate Crypto Treasuries Expand as Strategy, Metaplanet, and BitMine Continue BTC, ETH Purchases

Corporate treasuries have expanded significantly with Strategy Inc., Metaplanet Inc., and BitMine Immersion Technologies reporting fresh purchases of Bitcoin and Ethereum. Strategy Inc. acquired 3,081 Bitcoin at an average price of $115,829 per Bitcoin, while Metaplanet purchased 103 Bitcoin for $11 million. BitMine Immersion Technologies increased its Ethereum holdings by 190,000 tokens in six weeks, becoming the largest Ethereum treasury globally.

Corporate treasuries have expanded significantly as Strategy Inc., Metaplanet Inc., and BitMine Immersion Technologies reported fresh purchases of Bitcoin (BTC) and Ethereum (ETH). These companies are increasingly adopting cryptocurrencies as part of their treasury strategies, reflecting a broader trend among corporate entities to diversify their holdings.

Strategy Inc. acquired 3,081 Bitcoin at an average price of $115,829 per Bitcoin, totaling a purchase cost of $356.9 million [1]. The company funded this acquisition through its ongoing at-the-market equity offering programs, which include issuances of both common and preferred stock. As of August 24, Strategy held 632,457 BTC in total, with an aggregate purchase cost of $46.5 billion [1].

Metaplanet Inc., listed on the Tokyo Stock Exchange, purchased 103 Bitcoin for an aggregate amount of 1.736 billion yen, approximately $11 million [1]. This latest transaction raised the company's total Bitcoin holdings to 18,991 BTC [1].

BitMine Immersion Technologies increased its Ethereum holdings by 190,500 tokens in six weeks, becoming the largest Ethereum treasury globally [2]. The company now holds 1,713,899 ETH valued at $4,808 each, alongside 192 Bitcoin and $562 million in unencumbered cash [2]. The company's rapid expansion has been driven by its aggressive accumulation strategy, which aims to secure roughly 5% of Ethereum's total supply [2].

These moves reflect a broader trend of corporate treasuries increasing their cryptocurrency holdings. In July, corporate ETH holdings jumped 127% to 2.7 million ETH worth $11.6 billion [2]. This surge in corporate treasury holdings has been driven by companies like BitMine and SharpLink Gaming, which have been aggressively staking their reserves to generate yield [2].

The increasing adoption of cryptocurrencies by corporate treasuries is part of a broader shift in the financial landscape. As regulatory shifts and technological advancements continue to reshape the industry, companies are exploring new ways to diversify their portfolios and hedge against traditional risks. The growing competition among Ethereum-focused corporate treasuries, as well as the increasing institutional interest in Ethereum, suggests that this trend is likely to continue [2].

References:

[1] https://www.benzinga.com/crypto/cryptocurrency/25/08/47310872/strategy-metaplanet-bitmine-continue-btc-eth-purchases-heres-how-much-they-bought

[2] https://cryptonews.com/news/bitmine-adds-190500-eth-2-2b-weekly-haul-makes-it-no-1-ethereum-treasury/