Corporate Bitcoin Buying Plummets 83% Weekly
According to SoSoValue data, as of 8:00 AM EST on June 29, 2026, publicly traded companies (excluding miners) globally recorded a net Bitcoin purchase of just $14.65 million last week, an 83% plunge from the previous seven days. Strategy (formerly MicroStrategy) did not acquire any Bitcoin for the second consecutive week. However, the board approved two securities repurchase programs (each up to $1 billion) for Class A common stock and digital credit preferred shares (STRC) with an 8-10% annual dividend yield. To fund these repurchases and support general expenses, the board also authorized a Bitcoin liquidation plan allowing the sale of up to $1.25 billion in BTC to generate additional cash. The plan is currently positioned as a 'reserve shield' and has not been executed.
Japan's Metaplanet has now gone ten consecutive weeks without buying Bitcoin. Two other companies made purchases: Hong Kong-listed CIMG completed the first tranche of a large stock and warrant issuance, receiving $13.5 million in Bitcoin (207.7 BTC at an average price of $65,000), bringing its total holdings to 937.7 BTC. Brazilian company OrangeBTC invested $4.9 million to buy 74 BTC at $66,233 per coin, raising its total to 3,896 BTC. As of press time, listed companies globally hold a combined 1,142,484 BTC (market value ~$68.52 billion), representing 5.7% of Bitcoin's circulating supply.
Fidelity: Number of Companies Holding 1,000+ BTC Doubles
Fidelity Digital Assets reported that the number of publicly traded companies holding at least 1,000 Bitcoin rose from 22 at end-2024 to 49 by end-2025, collectively controlling nearly 5% of the total supply. Among them, Strategy leads with ~847,000 BTC, followed by Twenty One Capital (~43,500 BTC), Metaplanet (~40,000 BTC), and MARA Holdings (~36,000 BTC). By early June 2026, between 170 and 199 listed companies held approximately 1.265 million BTC (6% of total supply, worth ~$76 billion). In May 2026, corporate net BTC purchases reached 43,557 coins, with names like SpaceX appearing on the holder list.
Strategy Board Approves Up to $1.25B Bitcoin Sale
On Monday, Strategy introduced its 'Digital Credit Capital Framework,' detailing conditions under which it may sell Bitcoin. The board-approved plan allows the company to generate up to $1.25 billion through BTC sales, aimed at replenishing cash reserves, servicing preferred shares such as Stretch (STRC), or repurchasing common stock when advantageous. Co-founder Michael Saylor emphasized that Bitcoin remains the primary treasury reserve asset, but the Digital Credit framework requires liquidity, discipline, and active capital management to enhance credit quality and potentially reduce expected preferred dividend payments. Strategy noted its USD Reserve has been restored to $2.25 billion, sufficient to cover approximately 1.5 years of dividend payments at current levels. No new Bitcoin purchase plans were disclosed.
Ethereum Moves: Bitmine Adds to 5.7M ETH, SharpLink Buys, FG Nexus Dumps at a Loss
Bitmine Immersion Technologies purchased 27,084 ETH last week at a cost of roughly $43 million, pushing its total holdings to 5.7 million ETH — approximately 4.7% of Ethereum's circulating supply. The firm now controls about $9.8 billion in crypto assets, cash, and investments, nearing its 5% target for total ETH ownership, though buying has slowed recently. Chairman Tom Lee attributed recent price weakness to quarter-end 'window dressing' by institutional players.
SharpLink Gaming accumulated 39,196 ETH last week (worth ~$62.43 million), bringing its total to over 202,000 ETH. Meanwhile, ETH treasury company FG Nexus sold another 3,375 ETH (value $5.34 million), bringing its cumulative loss on ETH trades to over $86.8 million. The company originally purchased 50,770 ETH for $196 million and has now sold 41,675 ETH, realizing $94.51 million in proceeds.
Solana Ecosystem: Upexi Boosts SOL Reserve, Solmate Faces Shareholder Lawsuit
Nasdaq-listed Solana treasury company Upexi announced a securities purchase agreement to sell approximately 12.24 million shares of common stock (or equivalent pre-funded warrants) at ~$1.60 per share through a private placement, raising $19.5 million. Proceeds will be used to repay existing debt and continue building a strategic SOL reserve. In contrast, Solmate Infrastructure (SLMT), another Solana digital asset treasury company, faces a lawsuit from its largest external shareholder, RBCH, filed in the New York State Supreme Court. RBCH (affiliated with RockawayX founder Viktor Fischer) holds 22.74% of Solmate's parent Brera Holdings and previously led a $300 million PIPE round for Solmate in September 2025. The suit alleges breach of fiduciary duty, misleading statements, and self-dealing, including: selling shares while other investors were locked, signing advisory agreements benefiting board-related parties, and directors purchasing 2.298 million Class B shares at $4.97 each, causing ~20% dilution. Fischer stated Solmate is trading at a ~50% discount to NAV, with the stock down ~78% year-to-date (vs SOL's ~50% decline).
Other News: Zcash Miner to Merge via SPAC, YZi Labs Resolves Dispute, SUI Group Expands DeFi
Digital Currency Group's Zcash miner Fortitude Mining signed a definitive merger agreement with Nasdaq-listed medtech company HeartSciences Inc. Following the announcement, HeartSciences shares jumped ~55% on Tuesday to close at $2.70. Fortitude CEO Andrea Childs noted the merger is not about business synergies but gaining access to public capital markets to accelerate its Zcash-focused 'venture mining' platform and power asset portfolio. The transaction is expected to close in H2 2026.
YZi Labs Management reached an agreement with Nasdaq-listed CEA Industries (BNC) to end a governance deadlock. The parties will jointly seek an independent director with digital asset, capital markets, and public company governance experience to enhance board structure. YZi Labs terminated a shareholder consent solicitation and withdrew related document requests.
Additionally, Nasdaq-listed SUI Group Holdings expanded its strategic lending partnership with Sui ecosystem DEX Bluefin by an additional 4 million SUI (total loan size now 6 million SUI). The revenue-sharing ratio increased from 5% to 11% (paid in SUI). The new funding will support Bluefin's participation in Bluewater's acquisition of Suilend, Sui's largest lending and DeFi platform.