Strive, led by Matt Cole, modestly increased its bitcoin exposure last week, adding 21 BTC and bringing its total holdings to 19,921 coins. The firm also raised roughly $4.5 million through the sale of 443,797 shares, lifting its cash reserves to $157.4 million from $154.1 million. Its stock ticked up 1.8% in pre-market trading.
At the same time, Tom Lee–chaired BitMine Immersion reported a comparatively small addition of 7,430 ether tokens, marking its lightest weekly purchase of the year. The company now holds about 4.8% of Ethereum’s total supply and repurchased 5.5 million shares. Its stock rose 1.8% ahead of the open, in line with a slight weekend gain in ETH, though it remains down roughly 50% year-to-date.
Michael Saylor’s Strategy generated $263.5 million from a stock sale last week, directing $225 million of that toward boosting its cash reserves to $3.225 billion. The firm continues to hold 843,775 bitcoin and has now gone two consecutive weeks without adding to its position, opting instead to strengthen liquidity to support dividend obligations tied to its preferred stock. The current reserve is sufficient to cover about 22 months of payouts. Shares climbed 1.1% pre-market alongside bitcoin’s move toward $64,800.
In infrastructure developments, Hut 8 secured a second 15-year lease at its Beacon Point campus in Texas, doubling tenant capacity to 704 MW and pushing the deal’s value to approximately $19.6 billion. The stock surged 16.7% before the open. IREN also announced new cloud service agreements worth $2.8 billion and raised its projected AI cloud annualized revenue to over $4 billion, sending its shares up 9% in pre-market trading.
Chip stocks found some stability after last week’s sharp decline, with Nasdaq 100 futures rising 0.4% and S&P 500 contracts adding 0.2%. The semiconductor ETF also edged higher, while Alibaba shares rallied in Hong Kong after previewing a new flagship AI model. Investors are now closely watching upcoming earnings from major tech firms, including Alphabet, Tesla and Intel, for signals on whether AI-driven momentum remains intact.
On the geopolitical front, reports that Iranian mediators are proposing a 10-day ceasefire to restart negotiations with the U.S. weighed on oil prices. WTI crude dropped about $3 to $80 per barrel, while Nasdaq futures climbed 1% and bitcoin rose roughly 1% to $64,900.
Within crypto markets, smaller tokens outperformed even as bitcoin traded sideways near $64,000. Pump.fun’s PUMP token surged more than 16%, and Pi Network’s PI gained 12%. Tokens such as JUP, ING and BEAT posted modest increases, while Provenance Blockchain’s HASH fell nearly 10%, making it the biggest loser among the top 100 cryptocurrencies. ZEC, NIGHT and LIT also declined between 3% and 5%.
Earlier in the session, bitcoin slipped to around $63,900, down 1.3% on the day, as markets balanced rising oil prices tied to Middle East tensions against lingering weakness in AI-related equities. Ether, BNB, XRP and dogecoin all traded lower, while Brent crude briefly climbed above $91 per barrel, reigniting concerns about inflation despite recent signs of easing price pressures in the U.S.
