Public companies excluding mining firms shifted from net sellers to net buyers of Bitcoin last week. SoSoValue data showed that, as of 8 a.m. Eastern Time on Sept. 21, 2026, the group posted net weekly BTC purchases of $183 million.
The editor’s note in the source said the market is still facing pressure from possible additional Federal Reserve rate hikes, but described the current move as a mid-cycle directional adjustment rather than a full policy reversal. It also said policy support tied to compliance innovation and tax changes pushed by the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission could keep crypto-related U.S. stocks and major U.S. equity themes rising after gains seen over the past week. The same note warned that the rally has leaned heavily on sentiment and policy support, and said investors should watch future public comments from regulators and key government officials.
Outside the U.S., the article said South Korean equities have started to recover while memory supply and demand pressure remains in place. The market closed up 2.66% last Friday, and the KOSPI index reclaimed the 7000 level, with SK Hynix and Samsung Electronics described as key supports. In Japan, after the Bank of Japan raised rates by 25 basis points to 1.25% on Sept. 18, the Nikkei 225 still closed up 1.70% at 65,228, while the TOPIX gained 0.20%. The article said a sharp depreciation in the yen following the rate hike kept expectations for the U.S.-Japan rate differential in place and indirectly supported export-heavy Japanese stocks. It described both the South Korean and Japanese markets as being in a recovery phase rather than a strong uptrend.
For mainland Chinese equities, the piece said trading remains centered on technology names. It said Unitree Technology, after an early burst of speculative enthusiasm following its listing, has seen its market value move back toward a normal range. The humanoid robotics and embodied intelligence segments are facing tighter regulation, and market chatter points to stricter IPO conditions. In the near term, the article said A-shares still depend on spillover from hot U.S. sectors and on attention-driven themes. It also cautioned investors ahead of the National Day period, citing the speculative trading seen in the previous two years. Odaily noted that the article does not constitute investment advice and is for learning and discussion only.
BTC treasury companies: Strategy bought again after a two-week pause
According to SoSoValue, Strategy bought 950 BTC last week at $79,670 per coin, spending about $75.7 million. Its total holdings rose to 846,000 BTC. The purchase was the company’s first in two weeks.
Japan-listed Metaplanet did not buy Bitcoin last week and has now gone 10 straight weeks without a purchase.
Two other companies either announced Bitcoin purchases or disclosed holdings. Ethereum treasury company Bitmine said after 8 a.m. Eastern Time on Sept. 14 that it bought 1 BTC, without disclosing the purchase amount, bringing its total to 212 BTC. Asset manager Strive said on Sept. 21 that it spent about $108 million last week to buy 1,355 BTC at $79,475 each, lifting its total holdings to about 26,355 BTC.
As of publication, tracked public companies excluding miners held a combined 1,156,080 BTC, up 2.67% from a week earlier. The holdings were worth about $98.65 billion at current prices and represented 5.8% of Bitcoin’s circulating market capitalization.
Three-month accumulation slowed, with average cost at $80,500
The article said public companies added only about 5,900 BTC over the past three months, a marked slowdown from a year earlier. The average acquisition cost for corporate treasuries was about $80,500.
With Bitcoin trading near $76,400, those treasuries are currently sitting on unrealized losses based on that average purchase price.
Strategy bought back STRC, while Strive hit a fresh market-cap high
BitcoinTreasuries.NET said Strategy used U.S. dollar cash to repurchase $174 million worth of STRC, taking cumulative buybacks to more than $1.12 billion. STRC then rose more than 11.9%, and Strategy’s balance sheet still covers more than 3.8 years of dividend payments.
BitcoinTreasuries.NET also said Bitcoin treasury company Strive reached a new record market capitalization of $2.86 billion, with its share price moving above $30. Its market value now exceeds that of U.S. motorcycle maker Harley-Davidson.
Strive CEO Matt Cole said that, as of Sept. 11, the company still had about $718 million of PIPE warrants outstanding, with an exercise price of $27 per share. Because of the Columbus Day holiday in the United States, the exercise deadline was extended from Oct. 12 to 5:00 p.m. Eastern Time on Oct. 13, with all other terms unchanged. SEC filings showed the unexercised warrants correspond to about 26.596 million shares and could bring in about $718 million if fully exercised.
ETH treasury companies: Bitmine holdings climbed to 5,983,940 ETH
As of Sept. 20, 2026, Bitmine held 5,983,940 ETH and had increased its position every week for 68 consecutive weeks.
Onchain Lens said BitMine withdrew a total of 12,500 ETH from Kraken on the day, worth about $34.56 million. Three weeks earlier, BitMine had also accumulated 20,000 ETH from Kraken worth about $48.89 million. That brought its three-week total to 32,500 ETH valued at $83.45 million.
SOL and other altcoin treasury updates
Solana treasury company DeFi Development Corp. said it added 101,381 SOL and SOL equivalents between Sept. 14 and Sept. 18, 2026. As of Sept. 18, the company held a total of 2.49 million SOL and SOL equivalents.
HyperliquidNews said HYPE DAT company @HypeStrat bought 1.8 million HYPE worth $150.48 million and increased cash by $256.6 million, taking total cash recovery over one week to about $407 million. PURR reacted positively to the data, with mNAV at 1.26x.
XRP treasury company Evernorth signed a note purchase agreement with NH Investment & Securities for a planned $30 million financing through 4% convertible preferred PIK notes due in 2031. The transaction is conditioned on the completion of its business combination with Armada Acquisition Corp. II, Pathfinder Digital assets, and Ripple Labs, which is expected in the fourth quarter. The combined entity plans to list on Nasdaq under the ticker XRPN, subject to exchange approval.
BNC naming vote: CZ backed "BNB Standard"
CZ said he took part in BNC’s naming vote as a community member and chose "BNB Standard," matching the current result of the community poll.
He said the abbreviation for "BNB Treasury Company" could be confused with BTC, "Strategy" could make people think of MSTR, and "Reserve" sounded too conservative. In his view, "BNB Standard" carries more force.
BNC said the vote is consultative only, and the final name still requires board approval and legal review.