The largest corporate holders of cryptocurrencies—Michael Saylor’s Strategy and Tom Li’s Bitmine—have slowed the pace at which they are adding to their crypto reserves. Amid unrealized losses amounting to billions of dollars, both companies have returned to traditional methods of maintaining their financial stability, RBC reports.
Strategy did not purchase a single bitcoin during the week but increased its dollar reserves. The company reported that from July 13 to 19, it sold 2.73 million MSTR shares, raising $263.5 million, of which $225 million was retained in dollars.
In total, Strategy’s dollar reserves reached $3.225 billion, while its crypto reserves remained unchanged. It consists of 843,775 BTC, purchased at an average price of $75,476 per coin for a total of $63.69 billion. At the current price of about $64,000 per coin, its holdings are worth approximately $54.3 billion.
Last week, the company stated that its current cash reserves would be sufficient to cover approximately two years of payments on STRC preferred shares. Earlier in 2026, Strategy primarily raised funds to purchase Bitcoin by issuing STRC preferred shares. But now, STRC shares are trading at about 13% below their $100 par value, and the company cannot use them.
What about “Ether”?
Bitmine, the market leader in Ethereum accumulation, reported that it acquired a new batch of ETH last week. The company added an unusually small amount for itself to its reserves—7,430 ETH worth $14 million. The only time the amount was lower was once—in March of this year. However, the company emphasized that Bitmine has been buying ETH every week without fail since its launch in June 2025.
In total, Bitmine now holds approximately 4.8% of the altcoin’s total supply—over 5.77 million ETH worth $10.9 billion. However, the average purchase price is $3,360, which is nearly double the altcoin’s current price of around $1,800. The company’s unrealized loss on Ethereum stands at $8.6 billion.
Bitmine reported that 4.92 million ETH, or about 85% of its assets, are currently locked in staking. Based on this data, the company forecasts annual staking income of $247 million.
Bitmine reported that over the past week, it also repurchased approximately 5.5 million BMNR shares for $85.8 million (at $15.6 per share). This was done as part of a previously approved $4 billion share buyback program.
Bitmine’s goal of accumulating 5% of all Ethereum is nearly achieved. As for losses, the project’s founder, Tom Lee, previously referred to this as “not a bug, but a feature” of the crypto business.
