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Strategy scoops $1.6B in Bitcoin as BTC approaches eight straight green days
Strategy scoops $1.6B in Bitcoin as BitMine adds $140M to its treasury and BTC approaches eight straight green days near $74K.
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Corporate treasuries are turning into crypto vaults at a pace we haven't seen before.
Public companies across two continents are racing to accumulate digital assets.
The playbook has shifted from "maybe allocate 1%" to "raise hundreds of millions and go all in."
Meanwhile, Bitcoin is flirting with its longest green streak in recent memory.
The question isn't whether institutions are buying, it's what happens when they all want more at once.
Strategy just can't stop buying Bitcoin, 22,337 more for $1.6B
Strategy paid an average of $70,194 per coin, well below current market prices.
The Virginia-based firm is now the largest corporate Bitcoin holder on Earth.
At this pace, one company's buying habit could quietly reshape how BTC supply hits the open market.
Markets
Bitcoin eyes eight straight green days as ETF inflows fuel the rally
Bitcoin touched $74.5K earlier today, its best level since early February. If BTC closes green today, it would mark eight straight days of gains.
Institutional ETF inflows topped $2.8B over recent weeks, with BlackRock's IBIT alone pulling in near $300M in a single day.
The broader market joined the party, with meme coin PEPE surging 20% and DOT climbing 10%.
BTC traded near $74K, ETH hovered around $2,300, SOL pushed toward $94, and XRP held near $1.50.
Bitmine snaps up 61K ETH, swelling its treasury to $10B
Bitmine Immersion Technologies bought 60,999 ETH last week.
The firm now holds 4.6 million ETH, making it the largest ether-focused treasury company.
If one company controls nearly 4% of a network's supply, decentralization fans will have questions.
Metaplanet raises $255M from institutions to stack more Bitcoin
The Tokyo-listed firm secured a quarter-billion dollars from global institutional investors.
CEO Simon Gerovich says another $276M could follow, pushing the total raise past $531M.
Japan's answer to the corporate Bitcoin playbook is scaling fast enough to matter.
On Our Radar
The decentralized trade-off: ChangeNOW balances self-custody with institutional-grade reliability.*
Crypto's adulting moment: Abra going public via $750 million Nasdaq merger deal.
Voorhees' Big Bet: ShapeShift founder drops $49M on Ethereum, putting his money where his mouth is.
*Sponsored content.
ICYMI
Meme of the Day
Until next time.
Estéfano