Strive, headed by Matt Cole, increased its bitcoin stash by 21 BTC last week, bringing total holdings to 19,921 coins. The company also sold 443,797 shares, raising about $4.5 million and boosting cash reserves to $157.4 million from $154.1 million. Its shares moved 1.8% higher in pre-market trading.
BitMine Immersion, chaired by Tom Lee, reported a relatively modest addition of 7,430 ether tokens—its smallest weekly purchase this year. The firm now holds roughly 4.8% of Ethereum’s total supply and also repurchased 5.5 million of its own shares. The stock climbed 1.8% before the open, following a slight weekend uptick in ETH, though it remains down करीब 50% year-to-date.
Michael Saylor’s Strategy raised $263.5 million through a stock sale last week, with $225 million allocated to increase its cash reserves to $3.225 billion. The company continues to hold 843,775 bitcoin and has now gone two consecutive weeks without adding to its BTC position, choosing instead to strengthen liquidity to support dividend commitments tied to its preferred stock. The current reserve is enough to cover about 22 months of payouts. Shares rose 1.1% pre-market alongside bitcoin’s move toward $64,800.
On the infrastructure front, Hut 8 signed a second 15-year lease at its Beacon Point facility in Texas, doubling tenant capacity to 704 MW and lifting the contract value to approximately $19.6 billion. Its shares surged 16.7% in pre-market trading. IREN also secured new cloud service agreements worth $2.8 billion and raised its projected AI cloud annualized revenue to more than $4 billion, pushing its stock up 9% before the open.
Chip stocks stabilized after last week’s heavy selloff, with Nasdaq 100 futures up 0.4% and S&P 500 contracts gaining 0.2%. The semiconductor ETF also edged higher, while Alibaba shares rallied in Hong Kong after previewing a new flagship AI model. Investors are now watching upcoming earnings from major tech firms like Alphabet, Tesla and Intel for clues on the durability of AI-driven growth.
Geopolitical developments also influenced markets, as reports that Iranian mediators are proposing a 10-day ceasefire to revive talks with the U.S. weighed on oil prices. WTI crude dropped roughly $3 to $80 per barrel, while Nasdaq futures jumped 1% and bitcoin rose about 1% to $64,900.
In the crypto space, smaller tokens posted strong gains despite bitcoin’s sideways movement near $64,000. Pump.fun’s PUMP token jumped more than 16%, while Pi Network’s PI rose 12%. Tokens such as JUP, ING and BEAT saw smaller increases, while Provenance Blockchain’s HASH fell nearly 10%, making it the biggest decliner among the top 100 cryptocurrencies. ZEC, NIGHT and LIT also dropped between 3% and 5%.
Earlier, bitcoin slipped to around $63,900, down 1.3% on the day, as markets weighed rising oil prices driven by Middle East tensions against continued weakness in AI-related stocks. Ether, BNB, XRP and dogecoin all traded lower, while Brent crude briefly climbed above $91 per barrel, reviving inflation concerns despite recent signs of easing price pressures in the U.S.
