Major players from Wall Street continue to show a bullish stance despite volatility. Over the past seven days, three public companies — Strive, BitMine, and Strategy — have collectively invested more than half a billion dollars in digital assets, adding bitcoin and ether to their portfolios.
These are not just purchases on the rise — they are part of their business model. The companies convert proceeds from share offerings into cryptocurrency, and notably, demand for the shares themselves peaks precisely when the digital coin market appreciates.
What exactly the giants bought
Strive, led by CEO Matt Cole, added 1,800 BTC to its balance sheet at an average price of $79,431. The company now holds 23,156 bitcoins on its books, equivalent to $1.83 billion. The transparency of reporting is impressive: over the week, more than 3.57 million new Class A shares were issued, and the cash reserve grew by $11.6 million, reaching $183.5 million.
BitMine chose a different strategy, betting on Ethereum. Its portfolio grew by 53,501 ETH, marking the 65th consecutive week of purchases — a streak started in June 2025. The company emphasizes yield: through its own validator network MAVAN, more than 5.067 million ETH have been staked, accounting for 86% of the entire portfolio.
Board Chairman Tom Lee expects this strategy to generate $335–390 million in annual income. BitMine currently controls 4.9% of all issued ether, and it is 133,888 coins short of the 5% target Lee set.
Then came the purchase from Strategy. The company added 4,603 bitcoins after a ten-week pause. Unlike BitMine, Strategy discloses the average purchase price — currently $75,412 per coin.
ETF money turned around before portfolio investors
The reason for this activity lies in capital flows. U.S. spot bitcoin funds attracted more than $3.3 billion in August, whereas in June they saw $4.5 billion outflow. Ethereum-based funds followed a similar pattern, adding about $1.75 billion after two months of outflows. The reaction was swift: bitcoin rose 25.7% over the month, while Ethereum gained 33.3%.
A simple scheme is at work: demand for funds pushes up coin prices, rising coins increase the value of fund reserves, and selling reserves allows buying more coins again.
Other changes in August
Based on my observations, over the past week, $3.2 billion flowed into crypto funds — the largest weekly inflow since October 2025. This suggests increased optimism in the market. Many believe this money came from the artificial intelligence bubble, but the timeline does not align with that version. The most significant crash occurred in July: the Philadelphia Semiconductor Index fell 20.6%, and South Korea's KOSPI dropped 22%. August, however, was calmer: the Nasdaq 100 gained 4.2%.
The redistribution of money is also visible elsewhere. In August, foreign investors withdrew 10.17 trillion won from Korean stocks, while trading volumes on Upbit, the country's largest exchange, grew roughly eightfold. The market also received support from the U.S.: on August 19, President Donald Trump urged Congress to pass the CLARITY bill, and the Senate will vote on it on September 15. On the same day, the U.S. Treasury expanded its long-term bond buyback program — from $2 billion to a minimum of $4 billion per operation.
On Monday, bitcoin traded around $78,818. What currently holds companies back is not the falling coin price, but the closed financing window.
My view: Institutional purchases at these levels are not just speculation but a long-term signal. When public companies convert shareholder capital into cryptocurrency, they are essentially betting that current prices are still far from fair. However, it is worth remembering: such strategies strengthen the correlation between the stock market and crypto, which could lead to sharper movements in both directions amid macroeconomic shocks.