Treasury companies add ETH, SOL and BTC in volatile September
- —BitMine raised its ETH reserves to 5.956 million tokens, of which 5.07 million are staked
- —DeFi Development Corp increased its SOL holdings by 2% to 2.39 million and opened a $300 million program
- —Strive bought 469 BTC at an average price of $77,954, bringing its reserve to 25,000 coins
- —Strategy repurchased $139 million of STRC shares while keeping 845,050 BTC
Why it matters: The purchases come ahead of the Fed's September 16 decision, where the market prices an 85.6% chance of a rate hike, testing the resilience of treasury strategies.
Source: BeInCrypto