Warm Welcome, Tagus Community, April 21, 2026
Strategy and Bitmine Double Down on Crypto Treasury Dominance: Strategy acquired 34,164 Bitcoin for $2.54bn last week, its largest purchase since 2024, at an average price of $74,394, lifting total holdings to 815,061 coins. The Digital Asset Treasury continues funding purchases toward a 1 million Bitcoin target through a combination of at-the-market equity offerings, convertible notes, and high-yield perpetual preferred stock, though execution hinges on sustained capital market access and earnings remain acutely sensitive to price moves around its $75,527 cost basis. Meanwhile, Bitmine Immersion Technologies acquired 101,627 ETH between Apr. 13 and 19, 2026, its largest purchase since December 2025, lifting holdings to 4.98mn ETH worth $11.5bn and representing 4.12% of circulating supply, within reach of its “alchemy of 5%” target. Both firms have kept buying aggressively through a weak macro backdrop, including risk-off sentiment, sticky inflation, tighter-than-expected liquidity, and the US-Iran conflict, suggesting the Digital Asset Treasury playbook is becoming a core institutional stance rather than a purely cyclical trade.
