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Strategy Spends $208M on STRC Buybacks, Buys $65.5M Bitcoin
The company said its Ethereum treasury now holds 6,060,506 ETH and 5,227,037 staked ETH as it nears its 5% supply target.
- On November 2, Bitmine Immersion Technologies, Inc. announced total holdings of $14.5 billion, including 6,060,506 ETH tokens, while Strategy Inc. added 811 BTC for $65.5 million, resuming purchases after a one-week pause.
- Since launching its ETH Treasury Strategy on June 30, 2025, Bitmine has purchased Ethereum weekly to reach its "Alchemy of 5%" goal, now holding approximately 4.9% of the cryptocurrency's 122.2 million circulating supply.
- Bitmine currently stakes over 5.2 million ETH through MAVAN, generating approximately $358 million in projected annualized staking revenue, with management estimating potential rewards could reach $415 million if remaining holdings are fully staked.
- Chairman Thomas "Tom" Lee described the market reaction to the $6.3 billion Binance theft as constructive, noting Ethereum declined 4% after disclosure compared to a 20% drop following the 2025 ByBit hack.
- Bitmine remains the world's largest Ethereum treasury, while Strategy Inc. holds 849,327 Bitcoin as the largest global treasury; Japan's Metaplanet also expanded holdings through recent share buybacks totaling $160 million.
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36 Articles
Strategy spends triple its weekly Bitcoin outlay on STRC buybacks
Strategy spent $208.2 million buying back STRC preferred shares and $65.5 million on Bitcoin, while allocating $98.5 million to its USD Cash balance. Michael Saylor’s Strategy spent more than three times as much buying back its STRC preferred shares as it did acquiring Bitcoin last week. Strategy repurchased $208.2 million in STRC and spent about […]
Coverage Details
Total News Sources36
Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
14%
C 72%
14%
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