Wall Street Crypto Treasuries Are Buying Bitcoin and Ethereum Again. Why?

Strive, BitMine and MicroStrategy each disclosed fresh crypto purchases on Monday. The two Bitcoin buyers alone spent more than $500 million in a single week. Buying high is the business model, not a failure of it.

These firms turn share sales into coins, and shares sell best when coins are rising. What the Three Firms Bought Strive, run by chief executive Matt Cole, added 1,800 bitcoin (BTC) at an average of $79,431. Its stack reached 23,156 BTC, worth about $1.83 billion on Monday.

Strive acquired an additional 1,800 BTC for $143M at an average cost of $79,431 per bitcoin, bringing total holdings to ₿23,156.$ASST $SATA pic.twitter.com/6ztKhC4PFF— Matt Cole (@ColeMacro) August 31, 2026 The filing shows the mechanism plainly, after Strive issued 3,579,147 new Class A shares that week, and its cash still climbed $11.6 million to $183.5 million.

BitMine is playing a different game. Its 53,501 ether (ETH) marked a 65th consecutive week of buying, a streak running back to June 2025. Yield is the distinction, given BitMine has staked 5,067,309 ETH, or 86% of the pile, through MAVAN, its American validator network.