Cryptocurrency investor sentiment significantly improved this week, led by accelerated crypto acquisitions from the largest treasury companies.

Michael Saylor’s Strategy announced a $101 million Bitcoin acquisition at the beginning of the week, soothing market concerns about forced sales to pay dividends, after investors were spooked by its 32 BTC sale from the previous week.

Bitmine, the largest public Ether holder, has also accelerated its acquisitions, buying over $200 million in ETH to amass 4.59% of the total supply, as its chairman said that a “crypto spring” recovery is imminent.

Adding to the legitimization of the crypto industry, blockchain security firm Chainalysis signed a memorandum of understanding with South Korea’s national police department 👮‍♂️, pledging to fight crypto crime, particularly from North Korean threat actors.

However, some smaller corporate holders were forced to unwind their positions amid the bear market pressure. FG Nexus sold another $17 million from its ETH treasury, while Nasdaq-listed Bitcoin services company Fold reported a $45 million BTC sale at around $71,000.

Zooming out, market structure remains unchanged. The largest corporate holders continue accumulating, while some of the smaller incumbents are forced to reposition and await a less volatile market environment 🌪️.

In this week’s CoinStats Scoop, you’ll find:

📊 Crypto Market Analysis And The Most Important News In Web3.

₿ Strategy Buys $101 Million in Bitcoin, Following a Controversial BTC Sale.

🚀 Bitmine Buys Over $200 Million in ETH, Amassing 4.59% of the Total Ethereum Supply.

💸 FG Nexus Sells Another 10,000 ETH for About $17 Million.

🛡️ Chainalysis Teams Up With South Korea Against Crypto Crime.

🔮 Analysis And Key Events That Will Shape The Crypto Market Next Week.

Strategy Buys $101 Million in Bitcoin, Following a Controversial BTC Sale ₿

Michael Saylor’s Strategy, the largest corporate Bitcoin holder, made an over $100 million Bitcoin 💰 acquisition that had a significant positive impact on market participants following the previous week’s surprising Bitcoin sale from the company.

Strategy acquired 1,550 Bitcoin for around $101 million during the previous week, at an average aggregate cost basis of $65,332 per BTC, a filing with the US Securities and Exchange Commission shows.

This brings Strategy’s total Bitcoin holdings to 845,256 BTC acquired for a total of $63,97 billion, with the purchase decreasing its average cost basis to $75,680 per BTC.

The sale was interpreted as a strong bullish signal by cryptocurrency investors, as it came a week after Strategy sold 32 Bitcoin for the first time since 2022, causing concerns that the Bitcoin treasury giant would be forced to sell more of its holdings to service its debt 📈.

A week earlier, Standard Chartered predicted that the Bitcoin market’s bottom may be near, depending on whether Strategy purchased at least 320 BTC to 3,200 BTC following the initial sale, commented Standard Chartered’s global head of digital asset research, Geoffrey Kendrick:

🗣️ “I would see it as a tentative sign the low has been printed, and given that logic, suspect selling over the weekend will be muted.”

Bitmine Buys Over $200 Million in ETH, Amassing 4.59% of the Total Ethereum Supply 🚀

Bitmine, the largest publicly traded Ether holder, reached 5.54 million ETH 💎 in total holdings, worth about $9.4 billion, amassing over 4.59% of the total Ethereum supply.

The treasury firm bought 126,971 Ether for about $206 million last week, completing 92% of its corporate strategy to acquire 5% of the total supply, Bitmine announced on June 8.

The company reported $9.6 billion in total assets, including $247 million in cash, an $88 million stake in Nasdaq-listed Eightco, and additional cryptocurrency holdings.

Bitmine chairman Thomas Lee said the firm has accelerated its buying due to its conviction that markets are entering the early stages of a “crypto spring,” he commented:

💬 “We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals. This is not surprising given that we are in the early stages of crypto spring. Bitmine is expected to reach the ‘alchemy of 5%’ sometime in 2026.”

The acquisition shows that Bitmine continues buying into the corrections as a discount buying opportunity. The latest investment came after Ether’s price sank by 30% over the past month and was trading above $1,640, a low last seen in April 2025, CoinStats data shows.

FG Nexus Sells Another 10,000 ETH for About $17 Million 💸

Publicly listed Ethereum treasury firm FG Nexus sold another 10,000 ETH worth about $17.8 million, continuing its selling streak that started earlier this year.

An FG Nexus-tagged wallet moved 10,000 ETH in its latest transfers, according to blockchain data platform Arkham.

The company still holds around $21 million in total cryptocurrency, including $15 million in WSTETH and $5.54 million in ETH 💼.

The sale illustrates the growing pressure crypto treasury firms are facing in the current bear market, which has seen Ether’s price fall 48% over the past 6 months and about 40% over the previous year, according to CoinStats data.

Before the transaction, the Nasdaq-listed firm sold about 21,00 ETH for about $55 million, pivoting from its aggressive accumulation strategy seen in Q3 2025 📜.

⚖️ While the largest treasury companies continued to accumulate, other smaller firms were also ⚠️ forced into selling. Nasdaq-listed Bitcoin services company Fold also reported a $45 million BTC sale at around $71,000 as part of a broader capital restructuring.

Chainalysis Teams Up With South Korea 🇰🇷 Against Crypto Crime

Blockchain security firm Chainalysis has partnered with South Korea’s national police department to fight the rising cryptocurrency crime incidents.

Chainalysis announced that it signed a memorandum of understanding (MOU) with the Korean National Police Agency (KNPA) to help law enforcement agencies build more comprehensive blockchain investigative capabilities.

One of the key focus areas of the MOU will include combating the growing cyber attacks tied to North Korean 🇰🇵 illicit actors, along with other emerging threats.

The development is a significant step forward for the crypto industry’s security, considering that North Korea-linked actors stole an estimated $578 million of digital assets during April alone, with most of the value stemming from the $290 million Kelp DAO exploit 🛡️.

🕵️ Earlier in September, Chainalysis helped Seoul authorities dismantle a hacking organization that stole over $30 million in value.

“Our MoU with KNPA represents a meaningful step forward in strengthening virtual asset investigative capabilities, and we are proud to support KNPA in its efforts to prevent and combat crime in Korea,” commented Ryan Kwon, Regional Director, South Korea, at Chainalysis.

🔍 Market Overview: Bitcoin Hits a New Bear Market Low of $59k, but the Cycle Bottom Is “Not There” Yet: Analytics Firm

Cryptocurrency markets extended the previous week’s losses, as the first week of summer illiquidity continued to limit institutional-sized investments.

Bitcoin fell nearly 6% during the past week, while Ether’s price sank 10% to trade at a 1-year low just above $1,600, according to CoinStats data.

⬇️ Bitcoin’s price briefly sank below the critical $60,000 psychological level, printing a new bear market low near $59,775 before recovering above the $61,000 threshold.

Bitcoin’s decline sank 95% of the short-term holders’ cohort into unrealized loss territory as profitability and institutional demand continued to weaken, wrote analytics provider Glassnode in a weekly report, adding:

“US institutional demand has weakened materially, with the Coinbase Premium remaining in discount territory as BTC fell toward $60K, signalling a lack of aggressive spot buying from Coinbase-based investors.”

🏦 Corporate treasury accumulation also fell from a peak of $500 million per day to near-zero levels since June, excluding some acquisitions from the largest treasury companies.

However, Bitcoin’s latest correction still lacks greater capitulation, as realized losses reached 187,000 BTC but remained significantly below the 400,000 BTC panic seen in February, wrote analytics platform CryptoQuant, adding:

“Historically, major bottoms form after seller exhaustion. The data suggests we’re not there yet.”

👤 Meanwhile, the US spot Bitcoin exchange-traded funds (ETFs) are experiencing their first true bear market test, with the estimated cost basis of ETF buyers sitting near $62,000, meaning this key cohort is facing a 14% paper loss, wrote CryptoQuant analyst Darkfost, adding:

“An estimated $10.5 billion has exited Bitcoin ETFs since October 12, highlighting the scale of this capital exodus. This also underscores just how weak demand remains in the current market environment.”

To avoid a greater liquidation event, bulls must keep Bitcoin’s price above the $58,400 area, which formed a massive leveraged long liquidation cluster of $1.5 billion.

Conversely, Bitcoin’s price momentum will likely remain capped below the $64,700 level, which emerged as a strong resistance holding over $1 billion in cumulative leveraged short liquidations, according to Coinglass.

🐦 Tweets & Memes

$57,000 Bitcoin price may be next if this technical setup plays out 📉

Ethereum funding rates are near 2026 highs again. More liquidations ahead? 💥

Hayes sold all his HYPE, NEAR, and ZEC tokens and expects a liquidity shift 🔄.

A massive Zcash whale made over $40 million in a few days 🐋

James Wynn shorts Bitcoin after another brutal liquidation. Will he make the $100 million back 🤔 ?

Meanwhile, another mega whale is down over $3 million on the Humanity Protocol token.

Airdrops are hurting crypto project valuations in the long term 💸

Yet another DeFi protocol exploit to add to the $630 million lost in April.

Thank you for reading the weekly CoinStats Scoop Newsletter.

CoinStats will continue to guide you through the world of crypto and DeFi. We’ll see you next week for another edition of CoinStats Scoop! 😎