Global Bitcoin purchases by listed companies slowed sharply last week, with net acquisitions totaling just 14.65 million dollars, an 83 percent drop from the prior week, according to SoSoValue data. The decline was driven in part by Strategy, one of the largest corporate holders, which paused buying activity and instead moved to potentially sell up to 1.25 billion dollars in Bitcoin.
Strategy shifts toward cash flexibility
Strategy’s board approved a framework allowing possible Bitcoin sales to strengthen cash reserves and fund share repurchase programs. The plan includes two buyback programs targeting common and preferred digital credit shares, each capped at 1 billion dollars.
The company holds about 847,000 Bitcoin and continues to treat the asset as its core treasury reserve. Cash holdings recently rose above 2.5 billion dollars, signaling a shift toward more flexible capital management as market conditions evolve.
Other companies show mixed activity
Metaplanet extended its pause on Bitcoin purchases to a tenth consecutive week. In contrast, Hong Kong-based CIMG received 13.5 million dollars in Bitcoin through an equity offering, while Brazil’s OrangeBTC spent 4.9 million dollars to acquire 74 Bitcoin at an average price of 66,233 dollars.
Overall, non-mining listed companies now hold roughly 1,142,484 Bitcoin valued at about 68.5 billion dollars, representing 5.7 percent of total circulating supply. A Fidelity Digital Assets report found that the number of listed companies holding at least 1,000 Bitcoin rose from 22 to 49 between late 2024 and 2025.
Ethereum accumulation continues
Activity in Ethereum diverged from Bitcoin trends, with several companies increasing exposure. Bitmine Immersion Technologies purchased 27,084 ETH worth 43 million dollars, bringing its total holdings to 5.7 million ETH, or 4.7 percent of circulating supply. The firm now manages close to 9.8 billion dollars in digital assets and liquid investments.
Sharplink Gaming also expanded its position, acquiring 39,196 ETH valued at 62.43 million dollars, pushing its holdings above 202,000 tokens. Meanwhile, FG Nexus reduced its exposure, selling 3,375 ETH and realizing total losses of 86.8 million dollars after cutting more than 80 percent of its position.
Developments across altcoins and corporate activity
Upexi raised 19.5 million dollars through a private share placement to reduce debt and increase its Solana reserves. Solmate Infrastructure faced a lawsuit in New York, where lead stakeholder RBCH alleged governance failures following a steep share price decline this year.
In the altcoin mining sector, Fortitude Mining agreed to merge with HeartSciences Inc., sending HeartSciences shares up 55 percent. The deal is expected to close later this year, giving the mining firm access to U.S. capital markets.
Elsewhere, YZi Labs and CEA Industries resolved governance disputes and plan to appoint an independent board member with digital asset expertise. SUI Group Holdings expanded its partnership with decentralized exchange Bluefin, increasing its token allocation and revenue-sharing rate to support DeFi initiatives.
Broader market context
Outside crypto, South Korea announced an 800 trillion-won investment plan to boost its semiconductor industry. Micron reported quarterly revenue of 41.46 billion dollars with strong margins and forecast further growth driven by AI demand.
At the same time, blockchain-focused companies including Bitmine, Sharplink, and Galaxy Digital were added to Russell indexes, reflecting growing integration of digital asset firms into mainstream equity markets.
For deeper insight into institutional Bitcoin trends, explore our outlook in Bitcoin price projections and future scenarios.
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