Meanwhile, BitMine continues to build its Ethereum position. Strategy’s aggressive accumulation shows no signs of slowing.
Strategy, the company led by Michael Saylor, continued its aggressive Bitcoin (BTC) reserve build-up. During the week of May 11 to May 17, it acquired 24,869 BTC▲$63,604.00 for $2.01B.
Hot topic: BitMEX Co-Founder Cuts Bitcoin Price Forecast From $500K to $125K
As of May 17, Strategy’s total holdings reached 843,738 BTC. The average purchase price of all coins is approximately $75,700. The current reserve value is estimated at $65.3B, representing roughly 4% of bitcoin’s total supply.
Financing Through STRC
Ninety-seven percent of the latest purchase was financed through the sale of STRC preferred shares, raising $1.95B. The remaining portion came from the sale of MSTR common stock at $83.7M.
Strategy also launched a shareholder vote to change the STRC dividend payment schedule from monthly to twice monthly. According to Michael Saylor, this will increase the instrument’s appeal and establish a new digital credit standard near the $100 mark.
Read more: QCP Capital Names the Condition for Bitcoin to Break Out of Its Range
BitMine Builds Ethereum Position
Meanwhile, European company BitMine Immersion Technologies reported an expansion of its Ethereum (ETH) reserve. As of May 17, its holdings stand at 5,278,462 ETH▲$1,690.73, worth approximately $11.6B at a price of $2,191. This represents 4.37% of Ethereum’s total supply.
Of that amount, 89%, or 4,712,917 ETH, is staked. The company earns approximately $289M in annual income at the current yield of 2.8%. BitMine is 87% of the way toward its goal of 5% of total ETH supply.
Market Context
Strategy’s purchase is the sixth largest in the company’s history and the second largest by volume in 2026. Amid active buying by large corporations, interest in bitcoin and Ethereum as corporate reserve assets remains strong despite current market volatility.
Learn more: Top Crypto Deals of 2026 That Shook the Market — Biggest Moves You Need to Know
