Last week was different for the cryptocurrency treasury space as there were no regular weekly purchases. According to data from Lookonchain, Michael Saylor’s strategy last week did not include Bitcoin.
The most recent purchase took place on May 18, bringing Strategy’s total Bitcoin holdings to 843,738 BTC, or $63.87 billion.
Tom Lee’s Bitmine, which typically follows a similar buying pattern to Strategy, also opted not to buy Ethereum [ETH]. The latest findings showed that Bitmine’s holdings of ETH had grown to 5,278,462 ETH, worth $11.06 billion.
As the largest corporate digital asset treasuries [DATs] of Bitcoin and Ethereum took a break from purchasing, four public companies bought 612 Bitcoin for approximately $47.5 million.
Which four companies have added Bitcoin?
The four companies were Hyperscale Data, DDC Enterprise Limited, Strive and The Smarter Web Company PLC.
Based on the latest estimates, Strive acquired approximately 382 Bitcoin last week, bringing its total BTC holdings to 15,391 BTC, worth $1.2 billion.
Additionally, The Smarter Web Company PLC owned 2,859 bitcoins worth $312.15 million.
Finally, last week, DDC Enterprise Limited increased its total bitcoin holdings to 2,583 BTC by adding roughly 200 BTC, and Hyperscale Data’s bitcoin supply reached 692 BTC, worth $53 million.
Together, Strive, The Smarter Web Company PLC, DDC Enterprise Limited, and Hyperscale Data held 21,525 BTC as of May 25, which amounts to approximately $1.67 billion.
Blackrock, on the other hand sold Bitcoin every day Last week it sold for $1.01 billion.
Bitcoin and ETH price and ETF analysis
This came as ETH was trading at $2,096.32 after a decline of 0.87% over the same period, and Bitcoin was trading at $76,675.82 after a decline of 0.85% from the previous day.
The ETF market also appeared to be under pressure, as evidenced by the outflows of $1.257 billion and $216 million from the BTC ETFs and ETH ETFs, respectively, in the past week.
Taken together, this indicated that the market is still maturing and not overheating.
The financing analysis reveals a unique nuance
Additionally, Bitcoin and Ethereum’s Funding Rate Analysis revealed similar moves, indicating that funding remained firmly positive as traders continued to hold large positions.
But this was while the price of both BTC and ETH was highly volatile and in the bearish zone. As a result, leveraged buyers became trapped, the market became overcrowded with long positions, and spot demand was insufficient to support optimism about the future.
However, despite all this, DATs still showed signs of recovery after facing significant challenges since late 2025.
Zach Pandl, head of research at Grayscale, said the same thing:
The DATs are once again finding a foothold. They have done this by optimizing capital structures, generating revenues and diversifying business models.
Final summary
- While the largest crypto DATs took a break from buying Bitcoin and Ethereum, smaller companies added $1.67 billion to Bitcoin.
- The price drop, positive funding rate and ETF outflows indicated that the market is still maturing.