Strategy’s Bitcoin-buying model has come back under scrutiny after Grayscale warned that current share prices could limit its ability to continue accumulating. The concern emerged amid a Bitcoin sale, pressure from STRC dividends and doubts over whether Strategy can keep financing purchases without stronger investor demand.

The Elon Musk-owned rockets, satellite and AI company SpaceX is selling up to 30% of its record $75 billion offering directly to retail investors through Robinhood, Fidelity and Charles Schwab, more than three times the slice a typical IPO sets aside for individuals.

BitMine Immersion Technologies, the largest corporate holder of Ethereum, has filed with the U.S. Securities and Exchange Commission to publicly offer 3 million Series A perpetual preferred shares.

Bitmine, a publicly traded company known for its Ethereum-focused investment strategy, has significantly increased its Ethereum holdings through new purchases over the past week. According to the company's statement, Bitmine acquired 26,497 ETH last week for approximately $53.07 million.

Strategy chief Michael Saylor has indicated that the company is preparing to announce another Bitcoin purchase. Saylor posted a bubble chart from StrategyTracker.com on X, showing all of the company’s Bitcoin purchases over nearly the past six years. The accompanying post traditionally hinted at new purchases.

BitMine acquired 111,942 $ETH over the past week. This was announced by its head, Tom Lee. According to him, the company views Ethereum’s decline below $2,200 as an “attractive opportunity” to accumulate the asset.

Cryptocurrency

U.S. spot Bitcoin ETFs experienced a fresh wave of outflows. Over five trading days, around $1.26 billion exited 11 funds — something the market usually interprets as a weak signal for $BTC. However, analysts at Santiment see it differently: such periods often create conditions for steady accumulation rather than panic.

According to a post by blockchain analytics platform Onchain Lens, a wallet allegedly linked to the Ethereum treasury management company withdrew 60,000 Ethereum, worth approximately $126 million, from BitGo and cryptocurrency exchange Kraken.

Public corporation Bitmine Immersion Technologies reported on the structure of its treasury reserves. According to the company’s report, it purchased another 71,672 $ETH over the past week. The combined value of the organization’s cryptocurrency holdings, cash reserves, and venture investments reached $12.6 billion.

Cryptocurrency

American corporation Strategy carried out another expansion of its corporate Bitcoin reserve. According to Michael Saylor’s report, the company purchased another 24,869 $BTC last week for approximately $2.01 billion. Following the new purchase, the company’s Bitcoin strategy yield since the beginning of 2026 reached 12.6%.

Cryptocurrency

Strategy acquired another 535 $BTC worth approximately $43 million, bringing its total crypto holdings to 818,869 $BTC. The announcement was made by the company’s co-founder, Michael Saylor.

Bitmine Immersion Technologies added another 26,659 $ETH to its reserves. According to the company’s latest report, the total value of its crypto assets, cash holdings, and venture investments has reached $13.4 billion.

Michael Saylor, one of the most influential figures in the cryptocurrency world, spoke at Consensus 2026 in Miami about major changes to Strategy’s Bitcoin strategy and his long-term vision for the future.

Institutional Bitcoin purchases accelerated again in April, with corporate reserves acquiring more than 64,000 BTC in a single month. According to the published data, publicly traded companies and institutional reserves added a total of 64,722 BTC in April. The net increase amounted to approximately 57,791 BTC. As a result, April 2026 became one of the largest periods of institutional Bitcoin buying since mid-2025.

Exchanges

Coinbase announced during its first-quarter 2026 earnings report that the company purchased $88 million worth of Bitcoin, increasing its corporate holdings to 16,492 $BTC. The acquisition added 1,103 $BTC to the exchange’s treasury compared to its previous disclosure, bringing the total value of holdings to approximately $1.3 billion at current market prices.

BitMine Immersion Technologies chairman Tom Lee stated that the company plans to slow down its aggressive accumulation of Ethereum as it is close to achieving its goal of controlling 5% of the circulating supply of the world’s second-largest cryptocurrency by market capitalization.