Institutions are increasing their positions: Strategy buys more Bitcoin, BitMine acquires Ethereum.
While retail investors remain hesitant amid the market correction, major institutional players are demonstrating confidence in the long-term potential of digital assets. Over the past week, we have witnessed aggressive buying from two flagship corporate holders — Strategy and BitMine. This is a signal that cannot be ignored.
Strategy: A Confident Step Toward 1 Million BTC
Strategy, the undisputed leader in corporate bitcoin holdings, acquired 1,587 BTC between June 8 and June 14. The transaction amount was approximately $100 million, with an average purchase price of $63,024 per coin. Thus, the company's total reserves have reached 846,842 BTC, acquired for a cumulative $64.07 billion at an average cost of $75,656 per bitcoin.
It is important to note that the purchases were financed through an at-the-market (ATM) equity offering program. Concurrently, Strategy increased its dollar reserve by $100 million — to $1.1 billion. The company's current holdings represent about 5.59% of the total bitcoin supply in circulation. This indicates that Strategy's management continues to view current price levels as attractive for building up a strategic reserve, despite the asset still trading nearly 47% below its all-time high of $126,200, set in October 2025.
BitMine: On the Path to "5% Alchemy"
BitMine, the largest corporate holder of Ethereum, is also keeping pace. Over the past week, the mining giant increased its position by 76,881 ETH. The company's total reserves have reached 5.62 million ETH, representing approximately 4.66% of the total supply of the second-largest cryptocurrency.
BitMine has already covered about 93% of the distance toward its ambitious goal — to hold 5% of the total Ethereum supply. The company plans to achieve this target during 2026. Notably, over 83% of all ETH (4.72 million coins) are already staked, generating approximately $226 million in annual income for the company. This passive income not only covers acquisition costs but also creates a sustainable cash flow, strengthening the company's financial model.
Cryptalist Analysis: The actions of Strategy and BitMine are a classic example of "smart money" using market downturns to build positions. While the market searches for a bottom, institutions are buying it up. The current correction is not the end of the cycle, but an opportunity for those looking at a 3-5 year horizon. Special attention should be paid to BitMine's strategy: the combination of accumulation and staking of ETH creates a powerful financial lever that could yield dividends in the long term.