STRC halts bitcoin buys after par breach, cutting a key funding channel

first published 2026-03-17T07:01:28Z

Michael Saylor’s firm Strategy purchased 22,337 BTC for about $1.57 billion (~$70,194/BTC), bringing its total to 761,068 BTC acquired for roughly $57.61 billion at an average price of ~$75,696. Crypto treasury firm Bitmine bought 5,000 ETH from the Ethereum Foundation, holds 4.596 million ETH in its treasury and 3,040,515 staked ETH (≈3.81% of supply), plus ~$1.2B in cash/other crypto (totaling ~ $11.5B). Bitmine also increased an $80M investment in publicly traded Eightco (ORBS), supporting ORBS’ $50M purchase of OpenAI equity to gain public-market AI exposure.

AI Analysis

Strategy bought 22,337 BTC (~$1.57B), raising its total to 761,068 BTC; Bitmine bought 5,000 ETH, holds 4.596M ETH and 3,040,515 staked ETH, plus ~$1.2B in other assets, and increased an $80M position in Eightco (ORBS). These are concrete, large institutional treasury purchases and reallocations reported in the summary.

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