Table of Contents

Top 3 Latest News on BTC Treasuries

Top 5 Bitcoin Holding Companies

Top 5 Bitcoin ETFs

Top 5 Government Bitcoin Holdings

Top 5 Ethereum Treasury Companies

Most Important Digital Credit Instruments

Summing Up

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Bitcoin Treasuries Week: Trump's MSTR Stake, Strategy and Strive Both Buy, and BTC Breaks $84,000

By India Crypto Research|4 mins read

Last Updated on: Sep 25, 2026|Published On: Sep 25, 2026

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Key Takeaways

Strategy and Strive both resumed buying, adding 950 and 1,355 BTC, respectively, funded entirely by cash and preferred stock, no new common shares.
Strive's stock beat Wall Street's own year-end price targets, up 120%+ in a month.
Trump's ethics filing revealed he personally holds Strategy stock, unrelated to any administration action.
Bitcoin broke $84,000 this week, its highest level since January.

Part of a series

Crypto Market Updates

Bitcoin's Week. A Mixed CPI Report, Four Days of ETF Outflows, and a Vote Nobody Can Call

1. Tuesday-Wednesday, 8-9 September
2. Thursday, 10 September: The worst day of the week for ETFs
3. Friday 11 September: balanced CPI data grew confidence for both hawks and doves
4. Monday, 14 September
5. The vote that hangs over everything

XRP's Week. A Fall Under $1.34, a Zero-Flow Day, and the Only ETF Category That Never Went Negative

1. Tuesday to Thursday, 8 to 10 September
2. Friday, 11 September: price recovers, flows go flat
3. 12 to 13 September
4. The real story: XRP’s ETFs never went red.
5. Wall Street is beginning to use XRP ETFs as collateral
6. What it means

BNB's Week. A $752 Open, a Drop Under $710, and a Real-World-Asset Crown Taken From Solana

1. Tuesday to Thursday, 8 to 10 September
2. Friday, 11 September: The CPI spike works in BNB's favor as well
3. The weekend: 12 to 13 September
4. The Real Story: BNB Chain Blows Past Solana for Real-World Assets
5. Still no BNB ETF, but the filings keep moving.
6. What it means

Market Update: BNB’s $700 Battle, What’s Behind the Pullback?

1. BNB Had Its Own Big Week Too. Here's What Actually Happened
2. The rally into midweek
3. The pullback
4. Today, 1 September
5. What actually drove the rally
6. How it compares to bitcoin's week

Solana Market Update: Governance Vote Rewrites Inflation and Token Economics

1. Solana Just Rewrote Its Own Economics. Here's the Full Story
2. The rally into the vote
3. Friday's governance vote
4. The weekend and into today
5. Why this matters more than a normal price swing

Market Update: Ethereum’s $2,500 Wall, ETF Inflows Keep Climbing

1. Ethereum, Near-Record ETF Inflows, Staking kept climbing through the month, a Wall at $2,500, and a Close Near $2,419
2. ETF inflows never went negative in the last week
3. Staking kept climbing through the month
4. What's still working underneath the chop

Market Update: TRX Holds Steady as Nasdaq Treasury Keeps Buying

1. A Nasdaq Treasury Keeps Buying While the Price Barely Moves
2. The week in price
3. The real story: a Nasdaq company that keeps buying TRX
4. A staked TRX ETF is still waiting on the SEC
5. Why any of this matters for TRX specifically

Solana's Week. A Trip to $98.65, an ETF Market Measured in Millions Not Hundreds of Millions, and an Upgrade Still Waiting to Go Live

1. Between Tuesday and Wednesday, 8 and 9 September:
2. Thursday, 10 September: a multi-week low
3. Friday, 11 September: the CPI spike lifts SOL back above $100
4. Monday 14 September
5. A network upgrade that isn't activated yet.
6. Defining moments

Bitcoin Mining and Number of Bitcoins Mined Till Today

1. 1. What Is Bitcoin Mining?
2. 2. Why Bitcoin Mining Matters
3. 3. How does the Bitcoin Mining Process Work
4. 4. The Evolution of Bitcoin Mining
5. 5. How Bitcoin Miners Earn Money
6. 6. Bitcoin Halving and the 21 million Supply
7. 7. The Future of Bitcoin Mining
8. Conclusion

Ethereum's Week. A $2,654 Spike, Two ETF Outflow Days Instead of Four, and a Quarter That's Up 60%

1. CPI for Friday, September 11
2. Monday, 14 September
3. Institutional staking as an infrastructure service
4. What this means

Bitcoin's Week. A Fed Governor, a Jobs Report, and $730 Million in One Day

1. Monday to Wednesday, 31 August to 2 September
2. Thursday, 3 September: Waller talks, bitcoin flies
3. Friday, 4 September: the jobs report undoes it
4. The weekend: 5 to 7 September
5. The ETF money, day by day
6. What it means

Ethereum’s Week: Whales Are Buying, Retail Is Selling, and $2,544 Won’t Budge

1. Monday to Thursday, 31 August to 3 September
2. Friday, 4 September: a fresh high, then the jobs report
3. The weekend: 5 to 7 September
4. Whales Buying, Retail Selling
5. ETF demand cooled off sharply
6. Behind the scenes: Vitalik on Ethereum's cryptographic future
7. What it means

Solana’s Week: A Death Cross, $348M in RWA Flows, and a Choppy Climb to $105

1. Monday to Thursday, 31 August to 3 September
2. Friday, 4 September: the jobs report cools things down
3. Monday, 7 September
4. ETF flows swung both ways
5. Solana still leads on real-world assets.
6. A death cross is now in place.
7. What it means

Solana's Week. A Fall Under $96, a 17% Faster Network, and an ETF Streak That Wouldn't Break

1. September 16: The Fed Hikes; SOL Remains Strong
2. September 17: Positive Close on Quiet Network Upgrade
3. September 18: Investor Favor Continues; Major Speed Upgrade Activated
4. The recent improvements to the network and what is ahead
5. What's happening

Ethereum's Week. A Drop Under $2,400, a Glamsterdam Milestone, and a Missed Shot at $2,672

1. Tuesday, September 15: ether follows bitcoin lower
2. Wednesday, September 16: FED raises rates, Ether tests Glamsterdam
3. Thursday, September 17: further Ether outflows
4. Sept. 18: Rally arrives, flows turn positive
5. The remainder of the week, Sept. 19-20:
6. What the recent test run means
7. What it Means

XRP's Week. A 9.8% Crash, Ripple's Legal Team Speaks Up, and a Ledger Upgrade Racing Toward Activation

1. September 15: The Crash, and What's at Stake for XRP
2. September 16: bottom before the rate hike
3. September 17: sideways price action and the approach of the Ledger update
4. What the Batch V1.1 update does and the reason for a partial rebuild
5. What it Means

BNB's Week. A Dip to $704, a $768 Peak, and a Correction on a Previous Claim

1. Thurs. 17 September: continued climb
2. Fri. 18 September: Week's high
3. 19-20 Sept. Weekend
4. Revising BNB's ETF section of last week's report
5. What it means

Bitcoin's Week. A Failed Senate Vote, a Fed Hike, and a Rally That Shrugged Off Both

1. Tuesday, September 15: The CLARITY Act Fails
2. Wednesday, 16 September
3. Thursday, 17 September
4. Friday, 18 September
5. The Weekend: Sep 19-20
6. The Cross
7. What it means

Regulation’s Week- ICR Crypto Regulation Updates

1. India: Enforcement Over Legislation
2. United States: Regulators Move Without Congress
3. European Union: MiCA Is Live, But Already Changing
4. Steady and Predictable: Dubai
5. What This Means for the Reader

Current Article

Bitcoin Treasuries Week: Trump's MSTR Stake, Strategy and Strive Both Buy, and BTC Breaks $84,000

1. Top 3 Latest News on BTC Treasuries
2. Top 5 Bitcoin Holding Companies
3. Top 5 Bitcoin ETFs
4. Top 5 Government Bitcoin Holdings
5. Top 5 Ethereum Treasury Companies
6. Most Important Digital Credit Instruments
7. Summing Up

There are 197 public companies that have disclosed Bitcoin holdings. Together, they own 1,273,200 BTC worth $107.46 billion at the current price of $84,400. Bitcoin's price increased from the mid-$70,000s last week to above $84,000, and hit $86,008 on Monday. Bitcoin hasn't been that high since January.

This week, the focus has been on three public companies. First, Strive and Strategy resumed buying after not purchasing Bitcoin for a while. Next, Strive's stock increased and broke through analysts' target prices. Last, former President Trump's ethics disclosure showed he owns stock in Strategy.

Top 3 Latest News on BTC Treasuries

President Trump discloses he owns Strategy stock (23 September)

Trump disclosed 1,156 securities transactions occurring in July on his Periodic Transaction Report (OGE Form 278-T), which was released on 22 September by the Office of Government Ethics. The report disclosed three purchases of Class A stock of Strategy (MSTR). The largest purchase was reported in the $50,000 to $100,000 range. MSTR has increased by approximately 83% from its price on 24 July. Previous disclosures by Trump reported eight transactions in Strategy during the first quarter. The White House indicates that Trump has no active role in the management of the securities, and the disclosure is required because Trump is the beneficiary of the securities. The securities are held in discretionary accounts, which are managed by investment advisors to replicate model portfolios.

An 8-K filed on 21 September by Strategy indicated purchasing 950 BTC for $75.7 million, an average cost of $79,670 per coin. With this purchase, Strategy's total holdings increased to 846,000 BTC. Also, in the same week Strategy repurchased 1,771,238 STRC Preferred shares for $174 million, and used $57.4 million of its separate USD Reserve to pay preferred dividends and interest on its debt. It is important to note that both the Bitcoin and STRC purchases were funded from cash on hand and were not financing purchases. The combined Bitcoin purchase and STRC buyback reduced Strategy's USD Cash balance by approximately $249.7 million to $1.05 billion. Strive also announced the purchase of 1,355 BTC for an average price of $79,475 between the 14th and 18th of this month for a total purchase price of $107.7 million. TD Cowen upped their ASST price target to $44 from $32, and increased their 2026 Bitcoin holdings estimate to 32,105 BTC from 27,156 BTC. Strive still needs 17,159 more BTC to overtake Twenty One Capital for fourth place. Strive's ATM program remained active into the final days of the week; per BitcoinTreasuries.net's trading data, its next 8-K filing will confirm whether that translated into additional Bitcoin purchases.

Top 5 Bitcoin Holding Companies

1. Strategy (MSTR) - 846,000 BTC worth $71.40 billion. Increase of 950 BTC from last week, which still only represents 4.03% of the total supply of 21 million BTC.

2. Twenty One Capital (XXI) - 43,514 BTC worth $3.67 billion. Status Quo.

3. Metaplanet Inc. (MPJPY) - 43,000 BTC worth $3.63 billion. Status Quo.

4. MARA Holdings (MARA) - 35,577 BTC worth $3.00 billion. Status Quo.

5. Strive (ASST) - 26,355 BTC worth $2.22 billion. Increase of 1,355 BTC from last week.

Bitcoin Standard Treasury Company currently holds 30,021 BTC, more than Strive's total, but it still sits outside the numbered top 5 list, marked with an asterisk instead.

Top 5 Bitcoin ETFs

iShares Bitcoin Trust (IBIT)

Holds 786,654 BTC, currently worth 66.51 billion. IBIT has recently seen growth from 771,640 BTC, to its current number due to 346.98 million, in one day, flowing into United States spot Bitcoin ETFs, of which IBIT bought 166.29 million.

Fidelity Wise Origin Bitcoin Fund (FBTC)

Holds 176,534 BTC, currently worth 14.93 billion.

Grayscale Bitcoin Trust (GBTC)

Holds 131,528 BTC, currently worth 11.12 billion.

Grayscale Bitcoin Mini Trust

Holds 62,874 BTC, currently worth 5.32 billion.

Bitwise Bitcoin ETF (BITB)

Holds 38,189 BTC, currently worth 3.23 billion.

Top 5 Government Bitcoin Holdings

1. United States, 328,372 BTC, worth $27.69 billion.

2. China, 190,000 BTC, worth $16.02 billion.

3. United Kingdom, 61,245 BTC, worth $5.16 billion.

4. Ukraine (holdings of public officials), 46,351 BTC, worth $3.91 billion.

5. El Salvador, 7,783 BTC, worth $656 million.

Tracked governments collectively hold 645,576 BTC, worth $54.43 billion.

Top 5 Ethereum Treasury Companies

1. BitMine Immersion Technologies (BMNR), 5,929,198 ETH, worth $15.90 billion. Still over 75% of all ETH held in corporate treasuries.

2. Sharplink, Inc. (SBET), 890,376 ETH, worth $2.39 billion.

3. The Ether Machine, 495,362 ETH, worth $1.33 billion.

4. Bit Digital, Inc. (BTBT), 162,081 ETH, worth $435 million.

5. Coinbase Global (COIN), 150,193 ETH, worth $403 million.

Total ETH in corporate treasuries: 7.81 million ETH, worth $20.93 billion, across 29 entities.

Most Important Digital Credit Instruments

1. STRC (Strategy) has a market cap of 9.94 billion and is trading at 94.77 with a 12.13% yield and an 11.50% rate.

2. SATA (Strive) has a market cap of 1.03 billion, is trading at par at 100, and yields 13.00% with a rate of 13.00%.

3. STRF (Strategy) has a market cap of 1.25 billion and is trading around 96 with a yield of 10.4% and a rate of 10.00%.

4. STRK (Strategy) is the only convertible of the five. It has a market cap of 1.01 billion and is trading around 72.

5. STRD (Strategy) has a market cap of 841 million and is trading at 60. It yields approximately 16.67% effective.

Summing Up

This week, three signs converged. Strive, and later Strategy, were able to resume buying Bitcoin using cash and preferred-stock capacity built up over previous weeks, without issuing new common stock. Strive's stock rerating shows the market pricing in continued Bitcoin accumulation, and Trump's personal disclosure put Strategy's stock in a headline it didn't seek. Look for Strive's next 8-K and to see if IBIT continues its inflow streak.

Disclaimer

India Crypto Research operates independently. The information presented herein is intended solely for educational and informational purposes and should not be construed as financial advice. Before making any financial decisions, it's essential to undertake your own thorough research and analysis. If you're uncertain about any financial matters, we strongly recommend seeking guidance from an impartial financial advisor.