Strategy and Bitmine halt all crypto buys – But THESE 4 firms loaded up!

Last week was different for the cryptocurrency treasury space because there were no regular weekly purchases. According to Lookonchain data, Michael Saylor's Strategy did not include any Bitcoin last week. The most recent purchase was made on the 18th of May, which pushed Strategy's total Bitcoin holdings to 843,738 BTC, or $63.87 billion.  Tom Lee's Bitmine, which typically follows a similar buying pattern to Strategy, also chose not to buy Ethereum [ETH]. The most recent findings showed that Bitmine's holdings of ETH had grown to 5,278,462 ETH, valued at $11.06 billion.  As the biggest corporate Digital Asset Treasuries [DATs] of Bitcoin and Ethereum took a vacation from buying, four public firms purchased 612 Bitcoin for approximately $47.5 million. Which four firms added Bitcoin? The four companies were Hyperscale Data, DDC Enterprise Limited, Strive, and The Smarter Web Company PLC. Based on the last estimates, Strive acquired approximately 382 Bitcoin last week, bringing its total BTC holdings to 15,391 BTC worth $1.2 billion.  Additionally, The Smarter Web Company PLC held 2,859 bitcoins worth $312.15 million. Finally, DDC Enterprise Limited increased its total bitcoin holdings to 2,583 BTC last week by adding roughly 200 BTC, and Hyperscale Data's bitcoin stash reached 692 BTC, valued at $53 million.  Together, Strive, The Smarter Web Company PLC, DDC Enterprise Limited, and Hyperscale Data held 21,525 BTC as of the 25th of May, which is approximately $1.67 billion. BlackRock, on the other hand, sold Bitcoin every day last week, selling $1.01 billion worth of it.  Bitcoin and ETH price and ETF analysis  This came as ETH was trading at $2,096.32 following a drop of 0.87% over the same time period, and Bitcoin was trading at $76,675.82 following a drop of 0.85% over the previous day. The ETF market also appeared to be stressed, as evidenced by the $1.257 billion and $216 million in outflows from the BTC ETFs and ETH ETFs in the last week, respectively.  All things considered, this indicated that the market is still maturing rather than overheating. Funding analysis paints a unique nuance Furthermore, the Funding Rate Analysis of Bitcoin and Ethereum revealed comparable movements, indicating that funding remained firmly positive as traders continued to hold large positions. But this was while the price of both BTC and ETH was highly volatile and in the bearish zone. As a result, buyers with leverage were trapped, the market became overcrowded with longs, and spot demand was insufficient to sustain futures optimism.  However, despite all of this, DATs were still showing signs of recovery after facing significant challenges since late 2025.  Remarking on the same, Zach Pandl, Head of Research at Grayscale, put it best when he said,  The DATs are finding their footing again. They have pulled this off by optimizing capital structures, generating income, and diversifying business models. Final Summary While the largest crypto DATs took a break from buying Bitcoin and Ethereum, smaller firms added $1.67 billion worth of Bitcoin. Price decline, positive funding rate, and the ETF outflows streak suggested that the market is still maturing.