Strive, American Bitcoin, Bitmine buy as Strategy sells 1,638 BTC
Strategy is the largest corporate Bitcoin holder.
The difference in strategies reveals an already increasing gap between crypto’s biggest name and the smaller treasury firms looking to buy into a soft market. BTC traded at ~ $63,135 on Monday, a price that’s way lower than many firms bought the cryptocurrency when building their portfolio.
Strive buys 20 more Bitcoin at discount price
The CEO of Strive, Matt Cole, stated that his firm had purchased 20 BTC for about $63,191 for each, totaling $1.3 million. He posted this on X on August 3. While Cole considered this a small purchase, it prolonged Strive’s streak.
Presently, Strive ranks seventh among public corporate holders of Bitcoin, with 20,020 BTC. Strive trades using the ASST ticker and distributes a preferred dividend on its SATA shares. The firm purchased 6,236 BTC in Q2, with a 24% Bitcoin yield for the period.
Cole has said that Bitcoin’s current price weakness is simply a buying opportunity, arguing that the cryptocurrency is in a “super cycle.”
American Bitcoin’s treasury grows beyond 8,000 BTC
Eric Trump’s mining and treasury venture, American Bitcoin, increased its crypto holdings past 8,000 BTC. Q2 saw a record mining output as the firm reported on August 3. American Bitcoin, which trades as ABTC, ranks 16th among public holders.
The company continues to buy more Bitcoin despite its stock price tumbling more than 95% from its post-IP peak. On July 2, the company completed a 1-for-15 reverse split to remain above Nasdaq’s $1.00 minimum bid rule as a result.
Hut 8, the Canadian miner with an approximately 80% stake in American Bitcoin, has signaled its intentions to deplete its own Bitcoin holdings over time. American Bitcoin released its Q2 2026 results this week.
Bitmine’s Ether treasury nears the 5% mark
Bitmine Immersion Technologies, the largest buyer of the group, isn’t purchasing Bitcoin. Rather, the company has said it has increased its Ether treasury to 5,797,813 ETH after it added 10,399 tokens just last week.
The move has placed Bitmine in charge of 4.8% of Ethereum’s 120.7 million-token supply. Its stake is worth around $10.9 billion.
Bitmine’s total holdings amount to $11.3 billion, according to a company statement. At the moment, its holdings mean Bitmine is the largest corporate Ether holder. It also makes Bitmine the second-largest corporate crypto treasury of any kind, behind frontrunner Strategy.
Strategy sells, again, in 2026
While others bought, Strategy sold. The largest corporate holder of crypto disclosed this in a Form 8-K filed with the U.S. Securities and Exchange Commission. It sold 1,638 BTC for ~$104.7 million from July 27 to August 2, making it the third time Strategy had sold BTC in 2026. The coins sold for about $63,957 each, a $10,000 drop from the average cost of $75,419.
Strategy used the proceeds to buy preferred-stock dividends and buybacks of some of its STRC shares. The firm’s dollar reserve now sits at $4 billion.
Strategy still holds 842,138 BTC, and Michael Saylor has debunked the idea that the firm has become a BTC seller. The executive chairman said the company has “never had a ‘never sell’ policy” and expects to remain a net buyer as time goes on.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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