Key insights:
- Ethereum Foundation sold 10,000 ETH to Bitmine at $2,387 via OTC deal worth about $23.9 million.
- Bitmine increased holdings to 4.98 million ETH, nearing its target of 5% total Ethereum supply.
- Strategy acquired 3,273 BTC for $255 million at $77,906 average between April 20 and April 26.
- Strategy’s total Bitcoin holdings reached 818,334 BTC with $956 million unrealized profit at current prices.
Large institutional buyers continued to add crypto assets this week, with major purchases in Ethereum and Bitcoin. The moves came through structured deals and open market accumulation that drew attention to corporate treasury strategies.
Ethereum Foundation Completes OTC Sale to Bitmine
The Ethereum Foundation sold 10,000 ETH through an over-the-counter deal with Bitmine Immersion Technologies. The transaction took place at an average price of $2,387 per ETH. The deal reached about $23.9 million in total value.
Currently, Bitmine is linked to investor Tom Lee and continues to expand its Ethereum reserves. Reports showed that Bitmine now holds about 4.98 million ETH after the purchase. The firm is moving closer to its stated goal holding 5% of the total Ethereum supply.
The OTC structure allowed both parties to complete the deal without affecting exchange order books. This approach reduced visible market pressure during the transaction period, which ensured that the acquired assets moved directly into long-term storage.
Crypto Patel stated, “No sell pressure on exchanges. Supply locked into a long-term corporate treasury.” The comment pointed to the nature of the transaction and its structure.
Strategy Increases Bitcoin Holdings with New Purchase
Strategy, led by Michael Saylor, acquired 3,273 Bitcoin for about $255 million. The purchases took place between April 20 and April 26, 2026. The average purchase price stood at $77,906 per Bitcoin.
The latest purchase raised Strategy’s total Bitcoin holdings to 818,334 BTC. The company reported an average acquisition cost of $75,537 per Bitcoin, as its total investment reached about $61.81 billion.
Current market data placed the value of these holdings near $62.77 billion. The company recorded an unrealized profit of about $956 million at current prices. The figures reflected recent price movements during the accumulation period.
According to Crypto Patel Strategy bought 3,273 Bitcoin for $255 million.” The update tracked the firm’s continued accumulation activity.
The purchases followed Strategy’s ongoing approach of adding Bitcoin during market cycles. The firm continued to use capital allocation to expand its holdings over time.
