BitMine and Strive Add $274M in ETH and Bitcoin to Their Treasuries
- BitMine added 53,501 ETH in its latest weekly purchase.
- Only 133,888 ETH separates it from its 5% supply target.
- Strive increased its Bitcoin holdings by roughly 8.4%.
- The two companies are using distinctly different treasury models.
Corporate crypto accumulation continued in the final week of August as Tom Lee’s BitMine and Strive disclosed approximately $274 million in combined purchases. BitMine deployed about $131 million into Ethereum, while Strive spent another $143 million on Bitcoin.
BitMine is only 133,888 ETH away from 5%
BitMine bought 53,501 ETH worth approximately $131 million during the week, increasing its treasury to 5,901,112 ETH.
The company estimates Ethereum’s supply at 120.7 million ETH and has set a target of owning 5%. At that supply level, the threshold is 6,035,000 ETH.
That leaves:
- 133,888 ETH to go
BitMine has therefore completed approximately 97.8% of its target, consistent with management’s statement that its “Alchemy of 5%” strategy is 98% complete.
The remaining gap is equivalent to about 2.5 times this week’s acquisition.
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