#CryptoTreasuryDivides

#CryptoTreasuryDivides The treasury race is no longer about who buys the most crypto 👀 Strive added 1,375 BTC. BitMine added 28,086 ETH, with 85% of its 5.93M ETH staked for yield. Strategy bought no BTC and instead spent $176M buying back STRC. What caught my attention is the divergence. One is accumulating BTC, another is turning ETH into income, while Strategy is managing its capital structure. Coin count alone no longer tells you who's winning.

Corporate crypto treasuries are no longer moving in one direction. Last week showed three different playbooks: · Strive bought 1,375 BTC for about $109M at an average price near $79,281, taking holdings to 24,531 BTC · BitMine added 28,086 ETH, bringing its treasury to 5.93M ETH, worth about $14.8B · Strategy bought no BTC and instead repurchased $176.3M of STRC preferred shares, while increasing its digital credit securities buyback authorization to $2B Each move reflects a different pressure point. Strive is still in accumulation mode. Its balance sheet remains debt-free, with no margin requirements and no encumbered Bitcoin, while SATA pays cash dividends each business day. BitMine is building a staking-driven ETH treasury. About 5.07M ETH, or 85% of its balance, is staked through MAVAN and partners. At a 2.61% 7-day annualized yield, current projected staking revenue is about $330M a year, rising to $386M if fully staked at scale. That staked position is roughly 13% of all ETH currently validating the network. Strategy is working on capital structure first. Its mNAV premium has compressed sharply, making common equity issuance less accretive for BTC per share. STRC also traded below its $100 stated amount, limiting the preferred-stock funding channel it uses to buy BTC without directly diluting common holders. The broader signal is selectivity. Public company BTC net purchases fell 48% WoW to about $267M. Coin count is still the headline, but the real scorecard is changing: financing cost, dilution, staking yield, mNAV, and net BTC or ETH per share. Which treasury model looks more durable now: simple accumulation, staking yield, or capital-structure repair? #CryptoTreasuryDivides

#CryptoTreasuryDivides Corporate crypto treasuries are starting to look much less like one shared strategy 👀 Strive added 1,375 BTC for roughly $109M, bringing its holdings to 24,531 BTC. BitMine added 28,086 ETH and now holds 5.93M tokens, with 85% reportedly staked for yield. Strategy took a different path. It paused BTC purchases at 845,100 BTC and used $176M to repurchase STRC preferred shares, lifting book value per coin to around $2B. What caught my attention is how misleading simple coin-count rankings can become. One company is accumulating BTC, another is using ETH to generate staking income, and a third is managing its capital structure instead of buying more 🧩 With public crypto treasury companies down 48% on average last week, the real comparison now goes beyond who owns the most. Financing costs, dilution, yield and per-share value may ultimately matter more than the headline size of the treasury.

🔥 CRYPTO TREASURIES ARE SPLITTING OPINIONS 👀 Some companies are choosing to buy crypto, while others prefer to use their cash for share buybacks. The big question: which strategy wins in the long run? 👇 WHAT’S YOUR TAKE? #CryptoTreasuryDivides #OKXOrbit #Crypto #BTC

Crypto treasury strategies are starting to diverge. Strive is accumulating $BTC . BitMine is stacking and staking ETH. Strategy is buying back preferred shares instead of adding BTC. With public-company BTC purchases falling 48% WoW, the real question is no longer just “Who owns more crypto?” It’s who is creating the most value per share? #CryptoTreasuryDivides

#CryptoTreasuryDivides Corporate crypto-treasury strategies are beginning to diverge. Strive purchased another 1,375 BTC for approximately $109 million, bringing its holdings to 24,531 BTC. BitMine added 28,086 ETH and now controls around 5.93 million ETH worth roughly $14.8 billion, with approximately 85% of its holdings staked. Strategy, meanwhile, made no new Bitcoin purchase and instead spent about $176 million repurchasing STRC preferred shares. This divergence shows that crypto-treasury management is becoming more sophisticated than simply accumulating the largest possible number of coins. Strategy appears focused on lowering financing costs and supporting its capital structure, while BitMine is using staking income and Strive continues expanding direct Bitcoin exposure. Investors should compare cryptocurrency per share, dilution, debt obligations, staking yield and liquidity—not headline holdings alone. Public-company Bitcoin purchases also reportedly declined 48% week over week, suggesting corporate demand may become more selective as prices and funding conditions change.

#加密财库分化：买币还是回购？ Public companies are stacking crypto, but the playbook is splitting—and that’s where the real signal hides. BitMine? They’re going full ETH—bought 28,086 more, staking ~85% of their 5.9M ETH bag for yield. Strategy? Zero BTC this week. Instead, they dropped $176M buying back their own preferred shares—and upped the buyback program to $2B. Meanwhile, global corporate BTC net buying dropped 48% week-over-week. $ETH $BTC

🚨 Garrett Bullish just pulled the trigger and closed his entire $BTC and $HYPE long positions. He closed 1,868.33 BTC, locking in roughly $2.74M in profit. But here’s the crazy part 😂 — after holding such a massive position, he paid more than $2.07M in funding fees. So yes, he made millions on the trade… but the funding bill was almost just as wild. 💀 And he also took profit on 114,000 $HYPE, buying around $72.5 and selling near $86.3. #DailyOrbit

#CryptoTreasuryDivides The crypto treasury trade is splitting into winners and losers. Some companies can still raise capital and grow their crypto holdings. Others are facing weaker valuations, financing pressure and dilution risks. The key lesson: holding BTC or other crypto on a balance sheet doesn't make every treasury company equal. Investors need to look beyond the headline holdings and examine leverage, financing and the underlying business.