Institutional whales are strengthening their positions: Strategy is buying more Bitcoin, while BitMine is accumulating Ethereum.
The cryptocurrency market continues to show an accumulation phase, and this time the signal comes from the largest institutional players. While retail investors remain hesitant, corporate giants Strategy (formerly MicroStrategy) and BitMine are actively increasing their reserves, using current price levels as an entry opportunity.
Strategy: Another 1,587 BTC added to the stash
Strategy, the undisputed leader among corporate Bitcoin holders, acquired 1,587 BTC between June 8 and June 14. The average purchase price was $63,024 per coin, with the total transaction value amounting to approximately $100 million. As a result, the company's total holdings have reached an impressive 846,842 BTC.
The average acquisition cost of the entire portfolio is $75,656 per coin, with total expenditures amounting to $64.07 billion. Currently, Strategy's reserves are equivalent to approximately 5.59% of Bitcoin's total circulating supply. The purchase was financed through an ATM program (at-the-market equity offering), which allowed the company to simultaneously increase its dollar reserve by $100 million, bringing it to $1.1 billion.
It is important to note that the transaction took place amid a short-term recovery in BTC. By June 15, the leading cryptocurrency had recovered more than 12% from its local cycle low of $59,131 (recorded on June 5), rising to $66,500. Nevertheless, the asset is still trading nearly 47% below its all-time high of $126,200, set in October 2025.
BitMine: A confident step toward the "5% alchemy"
Meanwhile, BitMine, the largest corporate holder of Ethereum, increased its position by 76,881 ETH over the past week. The company's total holdings have reached 5.62 million ETH, accounting for approximately 4.66% of the total supply of the second-largest cryptocurrency.
BitMine has already completed 93% of its ambitious goal to hold 5% of all Ethereum supply. The company plans to reach this "alchemical" milestone during 2026. Notably, more than 83% of its holdings (approximately 4.72 million ETH) are already staked, generating a substantial annual income of around $226 million. BitMine's total cryptocurrency and cash assets are now valued at $10.4 billion, including approximately $285 million in cash.
My analysis: Such actions by Strategy and BitMine are a classic signal of confidence from "smart money." Buying at current levels, especially with a long-term horizon and the use of staking, indicates that institutions are not just betting on growth but are actively laying the groundwork for the next bull cycle. Ignoring such signals could be a costly mistake for those waiting for the "perfect bottom."