Bitmine (BNMR), the largest listed ether treasury holder, bought another 76,881 ETH as it pushed toward its target of capturing 5% of the total ether supply. Strategy (MSTR) also added to its Bitcoin position, reinforcing its role as the dominant corporate holder of the original cryptocurrency.
Bitmine, Strategy Step Up Accumulation as ETH, BTC Prices Fall
16 June 2026 - 04:01 UTC
Bitmine maintains elevated buying pace
NYSE-listed Bitmine said in a 15 Jun statement that it was maintaining an "elevated pace of buying" as it believed the ETH price decline did not reflect improving fundamentals. Founded in 2021 as an immersion-cooled Bitcoin mining and hosting company, Bitmine pivoted under Chair Tom Lee to a crypto-treasury model that runs institutional staking via its Made in America Validator Network (MAVAN), its platform for institutional-grade ether staking.
Lee said the industry was in "the early stages of crypto spring," and that Bitmine expected to reach what he called the "alchemy of 5%" sometime in 2026 – the point at which holding that share of total ether supply would transform the company from a mining business into a high-yield, recurring revenue treasury engine.
As of 14 Jun, Bitmine held 5,620,754 ETH, valued at about $1,718 per ETH. Its holdings represented 4.7% of the total ETH supply of 120.7mn, leaving the company about 93% of the way to its 5% target. Ether is the second-largest cryptocurrency by market capitalization, at $200.9bn.
Strategy adds 1,587 Bitcoin
Strategy, listed on Nasdaq, disclosed in a filing with the US Securities and Exchange Commission (SEC) that it added 1,587 Bitcoin for the week from 8 Jun–14 Jun at an average purchase price of $63,024. The firm held an aggregate 843,706 BTC as of 14 Jun.
The company, whose co-founder Michael Saylor is one of Bitcoin’s most prominent corporate advocates, said the balance of its US dollar reserve stood at $1.1bn as of 14 Jun. The reserve was established in December 2025 to fund dividend payments on Strategy’s preferred stock. Strategy transformed in 2020 from its business software roots into a Bitcoin holding company.
This marked Strategy’s first weekly net purchase since it sold 32 Bitcoin in late May – its first sale since December 2022.
Bitmine’s staking projections, accumulation context
As of 14 Jun, Bitmine also held 204 bitcoin, a $180mn stake in Beast Industries, an $88mn stake in Eightco Holdings (ORBS) and $502mn in cash and marketable securities.
Lee said staking revenues were projected to reach $226mn a year, with Bitmine’s own operations generating a 7-day yield of 2.8% annualized. On the same date, Bitmine’s total staked ETH stood at 4,718,677.
Both companies continued accumulating while prices remained well below their 2025 peaks. At 07:20UTC, Ether traded at around $1,770, down 1.3% on the day and 64% below its August 2025 all-time high. Bitcoin traded at around $66,4000, up 0.1% but 47% below its October 2025 record of $126,080.
(Updated with cryptocurrency prices as of 07:20UTC on 16 Jun)
