Strategy did not increase its Bitcoin holdings last week, and repurchased $176 million in STRC stock.

According to on-chain analyst Ai Yi (Twitter handle @ai_9684xtpa), a whale that went long 20,000 ETH with 4x leverage ahead of a sharp price rally has closed out its BTC short position, cutting losses at just under $114,000 after holding the position for less than seven hours. The address has previously closed two prior BTC short positions at a loss, bringing total losses across three BTC shorts to $547,000. Its ETH long position currently holds an unrealized profit of $10.71 million.

According to on-chain analyst Yu Jin’s monitoring, crypto firm Strategy neither added to nor reduced its Bitcoin (BTC) holdings last week. It currently holds 845,050 BTC valued at approximately $66.125 billion, with an average cost of $75,412 per BTC, generating an unrealized profit of around $2.398 billion. Ethereum treasury firm Bitmine continued to accumulate 28,086 Ether (ETH) last week, worth about $68.85 million at an average purchase price of roughly $2,451 per ETH. Bitmine now holds a total of 5,929,198 ETH, valued at approximately $14.651 billion, with an average cost of $3,347 per ETH, resulting in an unrealized loss of around $5.194 billion.

Below is a roundup of key pre-market news for US stocks on Tuesday: 1. US Treasury Secretary Scott Bessent’s commitment to supporting the bond market is set to be tested. At 11 a.m. ET on Wednesday (23:00 Beijing time), the US Treasury will announce the maximum amount of 10-year to 20-year US Treasury bonds it plans to repurchase. 2. Robinhood is acting as an IPO underwriter for the first time, participating in the listing of smart ring maker Oura. 3. Hunter Biden, son of former US President Joe Biden, plans to launch a meme coin named "LAPTOP" on Coinbase’s Base network on September 9, entering the crypto market. 4. Binance founder CZ retweeted a BNC-related post, triggering a rebound in BSC ecosystem meme coin 4Stock. 4Stock originated from the "stock meme" narrative launched by Four.meme; BNC4 is the first 4Stock coin-stock, pegged 1:1 to BNC, the treasury company corresponding to BNB. 5. Strategy did not increase its Bitcoin holdings last week. Bitmine, by contrast, added 28,086 ETH to its holdings last week, bringing its total position to around 5.929 million ETH.

ENA Treasury Company’s StablecoinX has appointed Christopher Jensen as Chief Executive Officer, with the appointment effective immediately. Jensen will also join the company’s board of directors. In his new role, he will oversee day-to-day operations for three core business lines: infrastructure services, infrastructure software, and distribution services, as well as StablecoinX’s fund management strategy. The company currently holds approximately 3.03 billion ENA tokens, representing around 20% of the total ENA supply, making it the largest corporate holder of Ethena’s governance token.

Bitmine Chairman Tom Lee stated that as we enter the final month of Q3 2026, ETH was the top-performing macro asset this quarter as of last Friday, outperforming the S&P 500 by 5,430 basis points (54.3 percentage points). In fact, since June 30, the three best-performing assets have been ETH, BTC, and SOL respectively. Given that crypto assets have delivered significant excess returns over other macro assets in Q3 this year, this lays the groundwork for institutional investors to further increase their crypto holdings. As we enter the final months of 2026, we see multiple positive catalysts in the market, including the expected vote on the CLARITY Act scheduled for mid-September. Additionally, South Korean investors have resumed buying crypto assets, shifting from AI stocks to the crypto market. The four-year crypto cycle will bottom in the coming weeks. These factors will pave the way for our expectation that institutional investors will massively participate in crypto asset purchases in the final months of 2026, especially driven by the development of tokenization and agent AI. During crypto bull markets, the ETH/BTC ratio typically rises, mainly due to Ethereum’s growing adoption relative to Bitcoin. Previous cycles were driven by distinct narratives: ICOs from 2017 to 2018, NFTs from 2020 to 2021, and stablecoins in 2025. In the upcoming crypto market cycle, the ETH/BTC ratio is projected to continue rising, fueled by Wall Street’s asset tokenization on blockchains and the use of blockchains by agent AI.

Bitmine increased its Ethereum holdings by 28,086 ETH last week, marking 66 consecutive weeks of weekly additions. As of September 7, 2026, its total Ethereum holdings stood at 5,929,198.