Public Company Bitcoin Buying Drops 83% Weekly; Strategy Approves $1.25B BTC Sale
According to SoSoValue data, global listed companies (excluding miners) bought a net of only $14.65 million in Bitcoin for the week ending June 29, 2026, down 83% from the prior week. Strategy (formerly MicroStrategy) did not purchase any Bitcoin. Instead, it announced two securities buyback programs of up to $1 billion each for Class A common stock and STRc preferred shares, and secured board approval to sell up to $1.25 billion in Bitcoin to replenish dollar reserves, pay preferred dividends, and fund buybacks. Michael Saylor stated that Bitcoin remains the primary treasury asset but active capital management is needed to strengthen credit quality. Strategy holds ~847,000 BTC and its USD Reserve stands at $2.25 billion, covering roughly 1.5 years of dividend payments.
Japan's Metaplanet did not buy for the 10th consecutive week. Two other firms bought: Hong Kong's CIMG acquired 207.7 BTC for $13.5 million (avg. $65,000), bringing its total to 937.7 BTC; Brazil's OrangeBTC bought 74 BTC for $4.9 million (avg. $66,233), total holdings now 3,896 BTC. As of press time, global listed companies hold 1,142,484 BTC (0.02% increase WoW), valued at ~$68.52 billion, representing 5.7% of circulating supply.
Fidelity: Number of Public Companies Holding 1,000+ BTC More Than Doubles to 49
Fidelity Digital Assets reports that as of end-2025, the number of publicly traded companies holding at least 1,000 BTC rose from 22 in 2024 to 49. These firms control nearly 5% of Bitcoin supply. Top holders include Strategy (~847K BTC), Twenty One Capital (~43.5K), Metaplanet (~40K), and MARA Holdings (~36K). As of early June 2026, 170–199 listed companies held ~1.265 million BTC (6% of supply, worth ~$76 billion). In May 2026, net purchases totaled 43,557 BTC, with SpaceX also appearing on the list.
Ethereum Surge: Bitmine Adds 27,084 ETH, SharpLink Buys 39,196 ETH
Bitmine Immersion Technologies acquired 27,084 ETH for ~$43 million, pushing its total to 5.7 million ETH (~4.7% of circulating supply). The firm controls ~$9.8 billion in crypto, cash, and investments, and is nearing its 5% target but slowing purchases. Chairman Tom Lee blamed recent price weakness on quarter-end window dressing.
SharpLink Gaming bought 39,196 ETH for ~$62.43 million, now holding over 202,000 ETH. However, ETH treasury firm FG Nexus sold another 3,375 ETH ($5.34 million), bringing cumulative realized losses to over $86.8 million. FG Nexus originally bought 50,770 ETH for $196 million and has now sold 41,675 ETH for just $94.51 million.
Solana: Upexi Raises $19.5M for SOL Treasury; Solmate Hit with Lawsuit
NYSE-listed Solana treasury firm Upexi signed a securities purchase agreement to sell ~12.24 million shares at ~$1.60 each, raising $19.5 million to repay debt and boost SOL strategic reserves. Another Solana treasury company, Solmate Infrastructure, faces a lawsuit from major external shareholder RBCH in New York Supreme Court, alleging breach of fiduciary duty, misleading statements, and self-dealing. RBCH claims directors issued 2.298 million B-shares to insiders at $4.97, diluting shareholders by ~20%. Solmate holds ~2 million SOL; its stock has fallen ~78% YTD and trades at a ~50% discount to NAV.
Other Key Events: Zcash Miner Merger, YZi Labs Settlement, SUI Loan Expansion
DCG-owned Zcash miner Fortitude Mining signed a definitive merger agreement with Nasdaq-listed HeartSciences Inc. HeartSciences shares surged over 55% to $2.70 on Tuesday. Fortitude aims to access public capital markets for its Zcash-centric venture mining platform. The deal is expected to close in H2 2026.
YZi Labs Management reached an agreement with CEA Industries to appoint an independent director with digital asset and governance expertise, ending a governance dispute. SUI Group Holdings expanded its strategic lending partnership with Sui-based DEX Bluefin, lending an additional 4 million SUI (total now 6 million SUI) and raising the revenue share from 5% to 11%. The funds will support Bluefin’s participation in the acquisition of Suilend, the largest lending/DeFi platform on Sui.