Crypto Currents: Strategy, BitMine post record treasury purchases

Corporate crypto treasuries scaled to fresh records as Strategy disclosed a $2.54B bitcoin purchase that lifted its stack to 815,061 bitcoin, while BitMine’s ether position climbed to 4.98M tokens and $12.9B in combined crypto and cash, reinforcing the two balance sheets as the benchmark vehicles for listed digital-asset exposure. Stay up on the crypto news that matters with “Crypto Currents,” daily from The Fly. Join us 2 PM daily for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.

RECORD BITCOIN AND ETHER TREASURIES: Strategy disclosed in a regulatory filing that it acquired 34,164 bitcoin (BTC-USD) between April 13 and April 19 for an aggregate $2.54B at an average $74,395 per coin, funded via ATM sales of 21,795,389 STRC shares and 2,165,000 MSTR shares that netted $2,542.3M in combined proceeds. The buy brought Strategy’s total holdings to 815,061 BTC acquired for $61.56B at an average $75,527, cementing MSTR as the largest corporate bitcoin treasury.

BitMine Immersion Technologies said in a company press release that as of April 19, its holdings include 4,976,485 ether (ETH-USD) at $2,301 each, 199 bitcoin, a $200M stake in Beast Industries, a $107M stake in Eightco Holdings global crypto treasury behind Strategy. With 3,334,637 ether staked, a value of approximately $7.7B, BitMine cited annualized staking revenue of $221M, with projected rewards scaling to $330M annually at full MAVAN deployment.

COINBASE-BYBIT TOKENIZATION PACT: Coinbase (COIN) and Bybit are working together on the tokenization, custody and distribution of U.S. stocks, according to CoinDesk, a move that would plug an offshore venue into U.S.-listed equity rails through a regulated domestic counterparty. The tie-up targets the tokenized-equities race where Robinhood ETFs logged nearly $1B in weekly inflows, the highest tally since mid-January, per SoSoValue data., with BlackRock IVZ” style=””>(IVZ) and Franklin Resources MASTERCARD STABLECOIN SETTLEMENT: Mastercard Cointelegraph reports. The playbook intersects with partners including Circle (USDC-USD) rails and competing networks Visa PYPL“>(PYPL), extending Mastercard’s earlier work with SoFi Technologies (SOFI) on stablecoin-funded card flows.

PRICE ACTION: As of time of writing, bitcoin was trading at $75,680.29, while ether was trading at $2,311.20, according to price data from TipRanks.