BitMine adds 111,942 ETH, Strategy cuts debt to $6.7B, and SharpLink joins Russell 2000 and 3000 on June 29.
Crypto treasury activity remained active this week as BitMine expanded its Ethereum holdings.
Strategy reduced debt through a discounted note repurchase. SharpLink also gained entry into major Russell indexes, adding another market event for digital asset treasury stocks.
BitMine Raises Ethereum Holdings Above 5.39 Million ETH
BitMine said it held 5,390,404 ETH as of May 25. The company added 111,942 ETH from the prior week.
Its holdings represented about 4.47% of Ethereum’s total supply. BitMine is one of the largest publicly traded Ethereum treasury companies.
Its position reflects a continued focus on ETH accumulation. The company also said it had staked 4,712,917 ETH.
The staked ETH was worth about $10.1 billion at current prices. BitMine said its crypto assets, cash, and “Moonshots” investments totaled about $12.3 billion.
BitMine Added Over 110,000 ETH Last Week, Lifting Holdings Above 5.39 Million ETH
BitMine, one of the largest publicly traded Ethereum treasury companies, said it held 5,390,404 ETH as of May 25, representing about 4.47% of Ethereum’s total supply, after adding 111,942 ETH from… pic.twitter.com/PH65MFTvtK
— Wu Blockchain (@WuBlockchain) May 26, 2026
The total included $444 million in cash and 203 BTC. It also included a $200 million stake in Beast Industries. BitMine also reported $95 million in ORBS shares.
Chairman Tom Lee commented on the recent ETH price move. He said ETH’s pullback below $2,200 is an “attractive opportunity.”
Strategy Repurchases Notes And Lowers Debt
Strategy said it completed the repurchase of $1.5 billion in 2029 Convertible Notes. The company bought the notes at an estimated 8% discount to par.
The repurchase lowered Strategy’s aggregate debt to $6.7 billion. The company also reported an incremental 0.7% BTC Yield from the transaction.
Strategy has completed the repurchase of $1.5 billion of its 2029 Convertible Notes at an ~8% discount to par, generating an incremental 0.7% BTC Yield and lowering aggregate debt to $6.7 billion. $MSTR $STRC https://t.co/cbx4BlpsKV
— Michael Saylor (@saylor) May 26, 2026
The move comes as Strategy continues to manage its balance sheet. The company remains closely linked to Bitcoin through its treasury model.
Strategy’s debt reduction may draw attention from investors tracking crypto treasury firms. The company’s approach combines capital market activity and digital asset exposure.
The update also placed Strategy beside other public companies with crypto treasury plans. These firms often use cash, equity, or debt tools to build asset reserves.
Strategy’s latest action showed a focus on managing liabilities. It also kept Bitcoin at the center of the company’s financial profile.
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BitMine Eyes Russell 1000 Inclusion as Ethereum Bet Gains Momentum
SharpLink To Join Russell 2000 And Russell 3000
SharpLink said its shares will join the Russell 2000 and Russell 3000 Indexes. The entry will take effect at the US market open on June 29, 2026.
The addition will occur after the Russell annual reconstitution. SharpLink described the index entry as a milestone for the company and its shareholders.
The Russell 3000 tracks a broad group of US public companies. The Russell 2000 follows smaller public companies within that broader market group.
Index inclusion can place a company before a wider investor base. It can also bring attention from funds that track Russell benchmarks.
SharpLink trades under the ticker SBET. The company has drawn interest from investors following Ethereum treasury strategy stocks.
The three updates showed continued movement across public crypto treasury companies. BitMine added ETH, Strategy trimmed debt, and SharpLink secured Russell index entry.
