Crypto treasury firms expand digital asset holdings

Several listed cryptocurrency treasury companies have increased their digital asset holdings despite market volatility in September.

BitMine Immersion Technologies acquired 27,180 ETH, bringing its total position to 5.956 million tokens, which represents approximately 4.9% of the circulating supply. DeFi Development Corp, a Nasdaq-listed firm focused on Solana, increased its holdings by 2% to reach 2.39 million SOL. Additionally, Strive purchased 469 BTC, bringing its total treasury to 25,000 coins.

In contrast, Strategy (formerly MicroStrategy) did not add to its Bitcoin holdings during this period, instead opting to repurchase $139 million of its own preferred shares. Strategy currently maintains a stack of 845,050 BTC.