Listed Companies' BTC Buying Slows Sharply; Net Purchases Drop 83%
According to SoSoValue, global listed companies (excluding miners) net purchased only $14.65 million in BTC for the week ending June 29, 2026, down 83% from the prior week. Strategy (formerly MicroStrategy) did not acquire any BTC, ending its consecutive buying streak. Japan's Metaplanet has now gone 10 weeks without purchases. New buyers included Hong Kong-based CIMG, which received 207.7 BTC (worth $13.5 million at an average price of $65,000) as part of a stock and warrant issuance, bringing its total holdings to 937.7 BTC. Brazil's OrangeBTC bought 74 BTC at $66,233 each for $4.9 million, reaching 3,896 BTC in total. As of press time, all tracked listed companies held 1,142,484 BTC, valued at roughly $68.52 billion, representing 5.7% of the circulating supply.
Fidelity: Number of Listed Companies Holding 1000+ BTC More Than Doubles
Fidelity Digital Assets reported that as of end-2025, the number of listed companies holding at least 1,000 BTC increased from 22 at end-2024 to 49, controlling nearly 5% of the bitcoin supply. Strategy holds ~847,000 BTC, Twenty One Capital ~43,500, Metaplanet ~40,000, and MARA Holdings ~36,000. By early June 2026, 170–199 listed companies held about 1.265 million BTC (6% of supply, ~$76 billion), with net additions of 43,557 BTC in May alone. SpaceX and other firms also appeared on the list.
Strategy Board Approves $1.25B BTC Sale Plan; Focus Shifts to Capital Optimization
Strategy launched a "Digital Credit Capital Framework" and received board approval to sell up to $1.25 billion in BTC to replenish cash reserves, pay for preferred products (e.g., STRC), or repurchase common stock. Executive Chairman Michael Saylor emphasized that Bitcoin remains the primary treasury reserve asset, but the Digital Credit framework requires liquidity, discipline, and active capital management. No new BTC purchase plan was disclosed, and the USD Reserve has been restored to $2.25 billion, covering roughly 1.5 years of preferred dividend payments. Analysts view this as a shift from aggressive balance sheet expansion to fine-tuning capital structure using crypto assets.
Ether Holdings: Bitmine Reaches 5.7M ETH; FG Nexus Continues Loss-Making Sales
Bitmine Immersion Technologies acquired 27,084 ETH for ~$43 million last week, lifting its holdings to 5.7 million ETH (4.7% of circulating supply). Its combined crypto, cash, and investments total ~$9.8 billion. Chairman Tom Lee attributed recent price weakness to quarter-end "window dressing." SharpLink Gaming purchased 39,196 ETH (~$62.43 million), now holding over 202,000 ETH. Meanwhile, FG Nexus sold another 3,375 ETH for $5.34 million at a loss, having disposed of 41,675 ETH out of 50,770 purchased for $196 million, accumulating realized losses exceeding $86.8 million.
Other Developments: Solana, Zcash, SUI Ecosystem Updates
Nasdaq-listed Solana treasury company Upexi raised $19.5 million via a private placement of ~12.24 million shares at $1.60 each to repay debt and continue accumulating SOL. Solmate Infrastructure, another Solana treasury firm, faces a lawsuit from its largest external shareholder RBCH, alleging self-dealing and misleading statements, with shares trading at a ~50% discount to NAV. Zcash miner Fortitude Mining announced a merger with HeartSciences, sending the latter's stock up over 55%. YZi Labs and CEA Industries resolved governance differences and will push for board restructuring. SUI Group Holdings expanded its lending to Bluefin by an additional 4 million SUI to support DeFi growth.
