Strategy Holds Steady as Corporate Bitcoin Net Purchases Plummet 83%
According to SoSoValue data, as of June 29, 2026 (EST), global publicly traded companies (excluding miners) recorded a weekly net Bitcoin purchase of only $14.65 million, down 83% from the prior week. Strategy (formerly MicroStrategy) did not purchase Bitcoin last week but received board approval for two securities repurchase programs totaling $1 billion each (Class A common stock and digital credit preferred shares STRC), alongside a Bitcoin monetization plan allowing the sale of up to $1.25 billion in BTC to bolster USD reserves. The funds will be used to pay preferred dividends, support buybacks, and cover operational expenses. Co-founder Michael Saylor stated the move aims to enhance credit quality and active capital management, shifting from aggressive balance sheet expansion to refined capital structure optimization. Japan's Metaplanet has not purchased for 10 consecutive weeks.
Two other companies made purchases: Hong Kong-based CIMG acquired 207.7 BTC ($1,350,000 at $65,000 average) for a total of 937.7 BTC; Brazil's OrangeBTC purchased 74 BTC ($490,000 at $66,233 average) for a total of 3,896 BTC. As of press time, global listed companies (excluding miners) hold a combined 1,142,484 BTC, valued at approximately $68.52 billion, representing 5.7% of circulating supply.
Fidelity: Number of Public Companies Holding 1,000+ Bitcoin Doubles in One Year
A Fidelity Digital Assets report reveals that the number of publicly traded companies holding at least 1,000 BTC rose from 22 at end-2024 to 49 by end-2025, controlling nearly 5% of Bitcoin supply. Top holders include Strategy (≈847,000 BTC), Twenty One Capital (≈43,500 BTC), Metaplanet (≈40,000 BTC), and MARA Holdings (≈36,000 BTC). As of early June 2026, 170–199 companies hold an estimated 1.265 million BTC (≈$76 billion). In May 2026, companies added a net 43,557 BTC, with SpaceX also appearing on the list.
Bitmine and SharpLink Aggressively Accumulate ETH
Bitmine Immersion Technologies purchased 27,084 ETH for approximately $43 million last week, bringing its total holdings to 5.7 million ETH, roughly 4.7% of Ethereum's circulating supply. The company now controls approximately $9.8 billion in crypto assets. Chairman Tom Lee attributed recent price weakness to quarter-end “window dressing.” SharpLink Gaming has accumulated a total of 39,196 ETH (≈$62.43 million), now holding over 202,000 ETH. ETH treasury firm FG Nexus sold another 3,375 ETH ($5.34 million), bringing cumulative losses to over $86.8 million.
Solana Ecosystem: Upexi Buys More SOL, Solmate Faces Shareholder Lawsuit
Nasdaq-listed Solana treasury company Upexi signed a securities purchase agreement to sell approximately 12.2423 million common shares (including pre-funded warrants) at around $1.60 each, raising $19.5 million to repay debt and continue adding to its SOL strategic reserve. Separately, Solmate Infrastructure's largest external shareholder, RBCH, filed a lawsuit in New York State Supreme Court against the company's directors, alleging breach of fiduciary duty, misleading statements, and self-dealing. The complaint states Solmate trades at a roughly 50% discount to net asset value and its stock has fallen ~78% year-to-date.
Other Market Highlights: Zcash Miner Merger, Governance Resolution, SUI Loan Expansion
Digital Currency Group's Zcash miner Fortitude Mining announced a definitive merger agreement with Nasdaq-listed medtech company HeartSciences, sending HeartSciences shares up over 55%. Fortitude's CEO cited access to public capital markets for flexible financing. YZi Labs and Nasdaq-listed CEA Industries reached an agreement to end governance disagreements, paving the way for board restructuring and management optimization. SUI Group Holdings expanded its strategic lending partnership with Sui ecosystem DEX Bluefin, providing an additional 4 million SUI (total loan now 6 million SUI) and raising the revenue share from 5% to 11% (paid in SUI) to support Bluefin's participation in the acquisition of Suilend. Disclaimer: This content is for educational purposes only and does not constitute investment advice.
