Treasury Firms Stack Ethereum, Solana, and Bitcoin Through a Jittery September Market

Three listed crypto treasury companies added to their token piles last week, even as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) drifted through a soft September. Buying continued as digital assets faced fresh uncertainty ahead of a Federal Reserve rate decision.

Strategy (formerly MicroStrategy) was the exception, though. The firm bought back its own preferred shares and left its Bitcoin stack untouched.

BitMine and DFDV Expand Their Crypto Treasury BitMine Immersion Technologies picked up 27,180 ETH last week, lifting its position to 5.956 million tokens. That lands at 4.9% of the circulating supply, just under the 5% supply target that chairman Tom Lee has been pursuing.

Roughly 5.07 million of those tokens sit staked. BitMine values its combined crypto and cash at $15.8 billion. “In August, ETH moved sideways without a downside break, and the 12-day metric expired, which implies a renewal of the upside move.