Bitmine, Tron, and DeFi Development Corp. Acquire Cryptocurrencies

Bitmine Immersion Technologies acquired 10,452 ETH for $24.5 million last week, increasing its total reserve to 6,051,933 ETH, which is equivalent to 4.95% of the circulating supply of Ethereum. The firm is 58,000 ETH away from reaching its goal of 5% of the total issuance. Additionally, it repurchased 2.04 million common shares at an average price of $22.48, raising its total buyback in 2026 to 22.9 million shares, representing $399.6 million. Tron Inc. purchased 150,405 TRX at an average price of $0.3324, surpassing 720 million TRX in its treasury, maintaining its position as the largest corporate holder of TRX. DeFi Development Corp. also acquired 5,346 SOL, raising its total balance to 2,595,612 SOL, making it the second company with the largest treasury of Solana. These operations reflect a reserve scheme in crypto assets similar to that of Strategy with Bitcoin, with no commercial link between the entities.

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