Wall Street Treasuries Go All-In on Bitcoin and Ethereum
Wall Street's crypto treasuries are buying up Bitcoin and Ethereum again. The latest purchases by Strive, BitMine, and MicroStrategy have drawn attention to the trend.
Strive, led by CEO Matt Cole, has acquired 1,800 BTC at an average price of $79,431, bringing its total holdings to 23,156 BTC, valued at approximately $1.83 billion on Monday.
BitMine, on the other hand, has continued its streak of buying Ethereum, adding 53,501 ETH in a single week for the 65th consecutive week since June 2025.
The company's chairman, Tom Lee, projects that staking through MAVAN will yield $335 million to $390 million annually. BitMine now holds 4.9% of the total ether supply, just shy of Lee's target of 5%. The firm is close to reaching its goal, with only 133,888 tokens left to reach the milestone.
MicroStrategy also returned to buying, purchasing 4,603 coins after a 10-week pause. The company discloses an average cost per coin of $75,412.