Strategy, the largest institutional Bitcoin investor, continues to pause its Bitcoin purchases. The giant company, which sold a significant amount of BTC in recent weeks, has not made any new BTC purchases for the past two weeks.
At this point, Strategy announced that it did not make any BTC purchases last week either.
According to Strategy founder Michael Saylor, Strategy sold $466.7 million worth of MSTR shares but did not purchase any Bitcoin.
According to an SEC filing dated July 20, Strategy sold 2.73 million shares of MSTR between July 13 and July 19 for a net proceeds of $263.5 million.
Continuing to adhere to its Digital Credit Capital Plan announced at the end of June, Strategy is also continuing to strengthen its dollar reserves.
In this context, the company did not make any Bitcoin purchases during the week, but increased its dollar reserves. Accordingly, the company’s US dollar reserves rose to approximately $3.23 billion, while maintaining its holdings at 843,775 BTC as of July 20, 2026.
Ethereum Purchases Continue!
While Strategy opted to pause its Bitcoin purchases, BitMine, the largest Ethereum treasury company, continued its weekly purchases and added 7,430 ETH to its treasury.
BitMine, headed by Tom Lee, announced that it purchased 7,430 ETH in the past week. This purchase brings the company’s total holdings to 5,777,468 ETH, which is approximately 4.8% of the Ethereum supply.
The company added that it staked 4.92 million ETH, representing approximately 85% of its assets, and also repurchased 5.5 million shares at an average price of $15.62.
The total amount of cryptocurrency, cash, and other investments reportedly reached $11.5 billion.
Tom Lee said the following:
“Last week we purchased 7,430 ETH. The slowdown in purchase speed is due to Bitmine’s repurchase of 5.5 million common shares. We believe that the repurchase of our common shares will have a positive impact on shareholder value.”
Bitmine has been buying ETH every week since the start of its ETH Treasury Strategy on June 30, 2025.
Furthermore, Bitmine has staked more ETH than any other organization in the world.
