Listed companies record $101 million net Bitcoin sales

Public companies outside the bitcoin-mining sector recorded net bitcoin sales worth about $101 million last week, a sharp reversal from the prior week and largely driven by Strategy’s sale of 1,638 BTC, according to SoSoValue data timestamped Aug. 3.

The net outflow represented a 528.14% increase from the previous week, placing corporate treasury activity under closer scrutiny as listed companies increasingly treat digital assets as a source of operational liquidity rather than a balance-sheet holding intended only for long-term accumulation.

Strategy accounted for more than the group’s reported net sales after generating roughly $105 million from its Aug. 3 disposal. The company sold 1,638 BTC at an average price of $63,957 per coin, reducing its bitcoin holdings to 842,138 BTC.

The sale came alongside a capital-management move involving Strategy’s preferred stock. The company spent $81.20 million to repurchase 912,143 shares of STRC, a preferred equity instrument. Taken together, the transactions show how a company with a large bitcoin treasury can use its holdings and capital structure in tandem, selling a relatively small portion of its BTC while returning funds to preferred shareholders.

Michael Saylor, Strategy’s executive chairman, said in a social-media post that he had “never sold one sat,” responding to discussion surrounding the company’s transaction. His statement referred to his own bitcoin holdings rather than Strategy’s corporate treasury. As a public company, Strategy can buy or sell bitcoin to meet corporate financing, liquidity, or capital-management objectives independent of its chairman’s personal position.

Buying continued outside the largest treasury holder

Several listed companies added bitcoin during the same period, though their purchases did not offset Strategy’s sale.

Strive disclosed on Aug. 3 that it spent $1.26 million to acquire 20 BTC at an average price of $63,191. The purchase brought Strive’s bitcoin holdings to roughly 20,020 BTC.

OrangeBTC reported spending $1.9933 million on 30 BTC at an average price of $66,443, increasing its holdings to 3,948 BTC. The Smarter Web Company added 11.89 BTC for $750,000, reporting an average acquisition price of $63,328 and total holdings of 2,712 BTC.

Capital B purchased one BTC on Aug. 3 at $64,601.90, lifting its reported treasury to 3,140 BTC. Bitmine also announced on July 27 that it had bought one BTC, without disclosing the purchase price, bringing its bitcoin balance to 208 BTC.

Metaplanet did not report a bitcoin purchase for the third consecutive week. The pause stands out because the Japanese company has been among the more active corporate bitcoin buyers in recent months, although three weeks without an acquisition does not establish a change in its stated treasury strategy.

Across the companies tracked by SoSoValue, excluding miners, aggregate bitcoin holdings reached 1,138,643 BTC. At the cited valuation of about $72.42 billion, those holdings represented 5.7% of bitcoin’s circulating market value.

That concentration means decisions by the biggest corporate holders can materially affect weekly purchase and sale totals even when a number of smaller companies continue adding bitcoin. Strategy’s 1,638 BTC sale was modest beside its remaining 842,138 BTC position, yet it outweighed the disclosed purchases made by several peers.

Hyperscale Data taps bitcoin for AI construction

Hyperscale Data offered a more direct example of bitcoin being used to fund business operations. The company sold 100 BTC and arranged a bitcoin-backed credit facility to support AI infrastructure spending.

It had sold another 100 BTC in the prior week, with proceeds earmarked for construction of an AI data center in Michigan. Hyperscale Data reported holding 958.53 BTC as of Aug. 2, valued at $60.8 million based on the company’s cited valuation.

The company’s approach places its bitcoin reserve closer to a financing asset than a passive treasury position. Selling BTC provides immediate cash for construction, while a bitcoin-backed credit facility could allow it to borrow against remaining holdings without immediately disposing of them. Both methods expose the company to bitcoin-price movements: sales reduce future upside from coins already disposed of, while borrowing against BTC can create collateral pressure if prices fall sharply.

Corporate treasury disclosures are therefore increasingly relevant beyond their effect on reported bitcoin demand. Companies funding data centers, share repurchases, acquisitions, or working capital through digital holdings may become sellers when internal spending requirements rise, even if their long-term view of bitcoin remains positive.

Bitmine’s treasury is increasingly dominated by ether staking

While bitcoin treasury companies produced a net weekly outflow, Bitmine Immersion Technologies continued expanding its ether holdings and staking activity.

The company reported acquiring 10,399 ETH over the week, bringing its ether treasury to 5,797,813 ETH. Its disclosure also listed 2,069 BTC, an equity position in Eightco Holdings valued at $61 million, and a Beast Industries stake valued at $173 million.

Bitmine said it had staked 4,917,189 ETH, which it valued at about $9.2 billion, and cited a seven-day annualized staking yield of roughly 2.67%. Staking involves committing ETH to help validate transactions on Ethereum’s proof-of-stake network in exchange for protocol rewards.

Onchain Lens separately identified a transaction involving 28,800 ETH, valued at about $53.87 million, sent for staking through a prime brokerage service. Separate analyst data cited in the supplied materials showed a further 150,100 ETH deposit into staking, bringing the estimated share of Bitmine’s ether holdings committed to staking to about 87%, or 5.0673 million ETH.

At an annualized rate of 2.66%, that staked balance would generate an estimated 134,800 ETH in yearly rewards, valued at approximately $250 million using the valuation cited in the data. The figures illustrate a different corporate digital-asset model: rather than selling crypto to pay for operations, Bitmine is seeking recurring native yield from a large, largely locked treasury.

Solmate targets validator rewards under custody arrangement

Solmate Infrastructure PLC said it had formed a partnership with an institutional service provider to keep SOL in compliant custody while supporting Solana validator infrastructure and earning staking rewards.

The arrangement covers custody, staking, and validator reward activity, according to the company. For a listed company holding SOL, the structure could reduce the operational burden of running validator systems internally while preserving exposure to network rewards.

The contrast between the week’s bitcoin sales and ether and SOL staking initiatives is increasingly visible in corporate disclosures. Bitcoin reserves can be sold or pledged to finance expansion and balance-sheet needs, while proof-of-stake assets give companies an option to seek protocol rewards from holdings they intend to retain.

With bitcoin trading near $63,482 in the supplied market data, the latest filings show public-company crypto treasuries serving several functions at once: long-term reserves, collateral for credit, funding sources for physical infrastructure, and yield-generating network assets.