Crypto
Treasury Firms Stack Up on ETH, SOL, BTC Ahead of Fed Rate Decision
Crypto treasury companies are buying up Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) despite market uncertainty.
Last week, three listed crypto firms, BitMine Immersion Technologies, DeFi Development Corp, and Strive, made significant additions to their token piles.
BitMine acquired 27,180 ETH at a time when the market was softening. This brings its total Ethereum holdings to 5.956 million tokens, making up 4.9% of the circulating supply.
Meanwhile, DeFi Development Corp increased its Solana (SOL) position by 2% since August 27, reaching a total of 2.39 million SOL. The firm also launched a $300 million at-the-market program for CHAD, its Solana-backed preferred stock.