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Bitmine nears 5% ETH holding goal; Strategy buys 334 BTC and repurchases $176M STRC shares.

Protocol Fundamentals
05 Oct 2026
Blockonomi
View Source
Bullish
Bitmine nears 5% ETH holding goal; Strategy buys 334 BTC and repurchases $176M STRC shares.

Bitmine now holds 6,016,414 ETH, about 4.9% of the total supply, and is 99% toward its goal of owning 5% of all Ethereum. It has staked over 5 million ETH, generating projected annual staking revenue of $363 million. Meanwhile, Strategy purchased 334 BTC at an average price of $85,839, increasing its total Bitcoin holdings to 848,000 BTC, and repurchased $176.3 million in STRC preferred shares. These moves highlight ongoing large-scale crypto treasury strategies, with Bitmine focusing on staking ETH for yield and Strategy accumulating Bitcoin while buying back equity. The crypto market is seen as entering a bull phase, with Bitmine and Strategy leading in crypto treasury assets.

Bitmine and Strategy's crypto treasury moves provide context for readers. As of Oct 05, 2026 20:03 WIB, 31 of 50 major cryptocurrencies on Pluang rose, 17 fell. Notable movers include SAND at Rp1.284 (-6.24%), FIL at Rp19.794 (+3.93%), and BAT at Rp1.849 (-3.56%).

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