AIMCo returns to Michael Saylor's bitcoin treasury company years after exiting, now sitting on a sizable unrealized gain.
STRC’s volume weighted average price of $99.76 for April kept the dividend steady for a third consecutive month.
Bitmine’s aggressive accumulation of Ethereum isn’t just another headline; it’s a signal that a new corporate strategy may be taking shape in the digital asset space. At a time when most firms are still cautiously exploring digital assets, Bitmine is moving with conviction, building one of the largest ETH positions and signaling a shift in how companies may think about balance sheets, capital allocation, and long-term positioning. How Ethereum Is Becoming More Than A Passive Treasury Asset Bitmine Immersion Technologies, Inc. (BMNR) had just become one of the largest Ethereum holders in the industry. Even though the company is down $6 billion on the position, it is still buying. The co-founder of GlydeGG, Jeremy, has revealed on X that Bitmine has invested $17.34 billion in ETH, with 100% allocation, and is sitting on an unrealized loss of roughly $6.35 billion. Related Reading: Bitmine’s Ethereum Holdings Reach Record 5 Million Tokens–CEO’s Bullish Outlook Despite that, the company didn’t sell a single coin and instead added another 101,627 ETH last week alone, marking its largest weekly accumulation of 2026. According to Jeremy, Bitmine has stated that the company’s goal is to own 5% of all ETH issued, and they are already at 4.12%, which places them among the largest holders in the ecosystem. However, 73% of their holding are staked, generating an estimated $264 million in annualized revenue. There’s precedent for this kind of strategy. MicroStrategy, now widely known as Strategy, made a similar aggressive move with Bitcoin, transforming its corporate treasury playbook into a leveraged bet on a single digital asset. Furthermore, Bitmine appears to be applying the same logic to ETH, and the firm is already down $6 billion and still buying. What ETH’s Lowest Exchange Supply Ratio Since 2016 Signals Ethereum is flashing one of its strongest structural signals in years. A crypto investor known as Milk Road on X highlighted that the ETH Exchange Supply Ratio (ESR) has dropped to 0.122, the lowest level since 2016. Related Reading: Ethereum Gains Institutional Spotlight – Here’s What The CEO Of Etherealize Has To Say Amid the drop, the Ethereum Foundation has been actively selling and recently offloaded 10,000 ETH for $23.8 million on April 24, and then unstaked another $48.9 million. Simultaneously, they have been routing sales Over-the-Counter (OTC), not through exchanges. ETH exchange supply has been falling. Despite buyers absorbing every offer, the exchange supply ratio hasn’t moved upward. At the same time, the ETH supply is being systematically removed from circulation, and roughly 39.2 million ETH, which is about 31.5% of the total supply, is now staked. Milk Road noted that more than 3 million ETH are queued for staking entry over the next 52 days, indicating that supply is getting locked away faster than sellers can move it. The decline in exchange availability and rising staking participation show a price that hasn’t caught on yet. Featured image from iStock, chart from Tradingview.com
Bitmine bought $234 million of ether in its largest weekly purchase this year, closing in on Strategy's regular bitcoin buys once the firm's STRC-fueled spikes are stripped out.
Market analyst Mati Greenspan said bitcoin has not gone through a “winter,” rather a pullback within a broader bull market, adding the next leg up for bitcoin will be driven by nation-state adoption.
Bitcoin is seeing a short squeeze dynamic and steady U.S. demand to support gains.
BTC pushed to an 11-week high with dynamics for a short squeeze building, one analyst noted.
Leveraged accumulation and new capital tools push MSTR ahead of the world’s largest spot bitcoin ETF.
Last week's purchases were funded by sales of the companies perpetual preferred stock, STRC and common stock.
Michael Saylor has signaled that Strategy, formerly MicroStrategy, may be preparing to buy more Bitcoin, reviving a pattern investors now treat as an early marker for another weekly treasury announcement. On April 19, the company’s executive chairman posted a screenshot of Strategy’s Bitcoin portfolio tracker on X with the phrase “Think Even ₿igger.” Historically, Saylor […]
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Strategy aim to reduce volatility, enable consistent bitcoin buying, and create the only bi-monthly paying preferred shares in the market.
Bitcoin climbed above its 100-day moving average, while Strategy moves back above its 200-week trend level.
Firms and protocols are accumulating Strategy’s preferred stock to capture yield and bitcoin-linked exposure.
Estimated bitcoin purchase from STRC of around 7,800 BTC could mark the largest single-day addition since the preferred stock's debut.
Last week's purchases were completely funded by sales of Stretch, the companies perpetual preferred stock.
Increased preferred-equity issuance and surging STRC trading volumes are reshaping how Strategy's common stock trades.
High yield structure keeps STRC pinned at par while enabling large scale bitcoin purchases.
Speaking at a Mizuho event, the Strategy (MSTR) executive chairman said the formation of banking credit pairing with digital credit will be the catalyst for the next bull market.
Despite billions in purchases, MSTR demand is being outweighed by long term holder positioning and broader capital flows.
The perpetual preferred yield holds at 11.5% for April as the 30-day volume weighted average price stabilizes near $100.
The company seemed to have skipped it's weekly bitcoin purchase announcement for the first time since late december.
Preferred shares recovered in nine days after their ex-dividend drop, enabling further bitcoin accumulation.
Strategy accounted for nearly all recent BTC digital-asset treasury purchases, with other firms’ share dropping from 95% to about 2%, CryptoQuant data show.
The broker sees bitcoin rebounding from its recent lows, supported by ETF flows and expanding corporate treasury demand.
Strategy, formerly known as MicroStrategy and led by Michael Saylor, disclosed a new Bitcoin (BTC) acquisition on Monday while simultaneously unveiling an ambitious capital-raising program designed to push its holdings toward a 1 million‑coin milestone by the end of 2026. Strategy Reports Weekly Buy Amid Consolidation In its routine Monday filing with the US Securities and Exchange Commission (SEC), Strategy reported spending $76.5 million to add 1,031 BTC to its treasury. The purchase came as Bitcoin traded back within the consolidation band it has occupied for roughly two months, between about $60,000 and $72,000, after a failed attempt to break through and consolidate key resistance at $76,000 last week. The move continues the public company’s weekly pattern of disclosing its purchases. Over the past few years, it has become the largest corporate holder of digital assets after beginning to rapidly acquire Bitcoin in 2021. Related Reading: Ethereum Bottom Signal? Analyst Maps Out Road To $10,000 Data compiled by Bitcointreasuries.net shows Strategy holds 762,099 BTC as of March 23. At the time of publication, that stake was valued at nearly $57.7 billion, based on an average entry price of $75,694 per coin. Beyond that recent trade, Strategy also amended its corporate authorizations to support a much larger campaign to amass the market’s leading cryptocurrency. The company disclosed plans to raise up to $42 billion in new capital, split evenly between as much as $21 billion of Class A common stock (MSTR) and $21 billion of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), which would give Strategy substantial purchasing power to accelerate its Bitcoin accumulation goal. 600,000 More Bitcoin By Year‑End? At current prices near $70,500, the $42 billion program could theoretically fund the purchase of roughly 595,000 additional Bitcoin, which would not only meet but materially exceed the company’s stated 1 million‑coin aspiration by year‑end. If executed in full, the raise would push Strategy’s total holdings to more than 1.35 million BTC—surpassing even its ambitious public targets—and represent about 6.42% of BTC’s 21 million fixed supply, according to Bitcointreasuries.net. Related Reading: 4 Bitcoin Targets To Be On The Lookout For As Price Retests S/R Zone CEO Phong Le highlighted the symbolism of the $42 billion figure in a post on X (formerly Twitter), quoting The Hitchhiker’s Guide to the Galaxy: “42 is the Answer to the Ultimate Question of Life, the Universe, and Everything.” Le noted the neatness of the 21 + 21 split, which mirrors Bitcoin’s 21 million supply cap. Simultaneously, the cryptocurrency rebounded by almost 3% on Monday, beginning the day on the same optimistic note as the start of last week’s advance. However, short-term losses currently outweigh profits for BTC, as CoinGecko data show a 4% decline over the past week. Featured image from OpenArt, chart from TradingView.com
Expanded share issuance plans and new Wall Street partners boost capital raising firepower.
Strategy, formerly MicroStrategy, has crossed the 760,000 Bitcoin threshold with its latest purchase, bringing its total holdings to 761,068 BTC as of March 16, 2026. The market intelligence company continues to purchase BTC, despite broader market downtrends and ongoing volatility. Against this backdrop, AI analysis is now shedding light on how long it could take for Strategy to reach the 1 million BTC milestone, with different models projecting varying timelines. Grok AI Predicts When Strategy Hits 1 Million BTC Strategy’s Bitcoin holdings have surpassed 761,000 BTC after its record weekly purchase of 22,3337 BTC for approximately $1.57 billion. The company’s aggressive accumulation strategy, led by CEO Michael Saylor, is accelerated by its ambition to grow its Bitcoin treasury as substantially as possible, with some analysts projecting it could reach a million BTC cap by the end of 2026. Related Reading: Here’s How Much Saylor’s Strategy Makes Every Time Bitcoin Goes Up By $1,000 However, according to projections from Grok, the AI platform created by xAI and SpaceX founder Elon Musk, Strategy could realistically reach the one million BTC milestone as early as September 2026. Grok’s forecast is based on the company’s recent purchase velocity, which has increased significantly over the past few years. In the three weeks leading up to mid-March, Strategy acquired between 3,015 and 22,337 BTC per week, averaging roughly 14,450 BTC. If the company can maintain this pace, Grok predicts that it could mathematically reach the one million BTC mark by early July this year. However, maintaining such aggressive weekly acquisitions would require continuous capital raises exceeding $1 billion per week, which Grok notes is unlikely. The AI platform noted that the company currently needs an additional 238,932 BTC from its holdings to reach its official target. A more sustainable pace, accounting for historical averages of roughly 2,500 BTC per week with the STRC preferred stock funding program, points to a more realistic timeline around September 2026. This projection takes into account market liquidity, sustainable fundraising, dilution concerns, market volatility, and other key factors. ChatGPT Forecasts Strategy’s 1 Million Bitcoin Timeline ChatGPT AI projects a slightly more conservative scenario based on historical buying trends, capital capacity, and market conditions. According to the AI platform, Strategy would need approximately 5,550 BTC each week to hit 1 million BTC by December 2026, about 50-100% above its recent weekly averages. Related Reading: Bitcoin Is Still Bearish And Price Is Headed Below $50,000; Analyst While this goal is ambitious, the AI suggests it could realistically be achieved by 2027. Its analysis indicates that if Strategy ramps up purchases through equity issuance and STRC funding, the 1 million BTC target could be recalibrated to late December 2026. However, factors such as market liquidity, price volatility, and uneven weekly acquisitions make it more plausible that the goal could slip into early January 2027. The AI platform noted that delays beyond this window are unlikely, given the company’s historically strong commitment to BTC accumulation and its funding resources. Featured image from Pixabay, chart from Tradingview.com
The largest publicly traded corporate holder of bitcoin would need to buy roughly 6,158 BTC per week, about $523 million, to reach the milestone by Dec. 31.
Crypto-related equities saw large gains at the Wednesday open, rebounding from Tuesday's selloff.
Institutional interest in Strategy’s (formerly MicroStrategy) preferred securities is building at a time when the company’s common stock, MSTR, remains one of the market’s most-watched bearish trades tied to Bitcoin. The clearest signal came this week, when Prevalon Energy and Anchorage Digital said at Strategy World 2026 that they had each allocated part of their […]
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