Treasury Firms Increase Ethereum, Solana, and Bitcoin Holdings Amid Soft September Market

Three listed crypto treasury companies expanded their token holdings last week despite a muted price environment for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). The purchases came as the market awaited a Federal Reserve interest‑rate decision that could affect crypto valuations.

BitMine Boosts Ethereum Position

BitMine Immersion Technologies acquired 27,180 ETH, raising its total to 5.956 million ETH – roughly 4.9 % of the circulating supply and just below the 5 % target set by its chairman. About 5.07 million of the tokens are staked. The firm values its combined crypto and cash assets at $15.8 billion.

DeFi Development Corp Grows Solana Treasury

DeFi Development Corp (DFDV), a Nasdaq‑listed Solana treasury firm, increased its SOL holdings by 2 % to 2.39 million SOL since late August. The company also launched a $300 million at‑the‑market program for its Solana‑backed preferred stock (CHAD).

Strive Adds Bitcoin, Strategy Holds Steady

Strive, the fifth‑largest public Bitcoin treasury, bought 469 BTC between September 8 and 11 at an average price of $77,954, bringing its total to 25,000 BTC. Strategy, the largest public Bitcoin holder, made no new BTC purchases but repurchased $139 million of its own preferred shares, maintaining a Bitcoin balance of 845,050 BTC with an average cost of $75,412.

Market Context

The Federal Open Market Committee is set to announce its interest‑rate decision on September 16. Market expectations have shifted toward a quarter‑point hike, with CME FedWatch indicating an 85.6 % probability as of September 11. Higher rates could increase the cost of holding non‑yield‑bearing assets, potentially pressuring crypto prices in the weeks that follow.

These treasury firms’ continued buying during a price‑soft period will be tested by upcoming macroeconomic developments.