Last week, Strategy acquired 2,932 BTC at an average price of around $90,061. Following the weekend, the price of digital gold dropped to $86,000.

Strategy has acquired 2,932 BTC for ~$264.1 million at ~$90,061 per bitcoin. As of 1/25/2026, we hodl 712,647 $BTC acquired for ~$54.19 billion at ~$76,037 per bitcoin. $MSTR $STRC https://t.co/RooLfEvniX

— Michael Saylor (@saylor) January 26, 2026

The Bitcoin reserve of Michael Saylor's firm has reached 712,647 BTC. Since August 2020, Strategy has spent $54.19 billion to build this reserve, averaging $76,037 per coin. As of this writing, the value of the company's crypto fund is approximately $62.3 billion, with a market capitalization of $46.2 billion.

In the past week, Strategy invested $264.1 million in Bitcoin, significantly less than in the previous two periods.

From January 5 to 11, the firm purchased 13,627 BTC for a total of ~$1.25 billion (around $91,519 each). On January 20, the company announced the acquisition of 22,05 BTC for ~$2.13 billion (approximately $95,284 per Bitcoin).

According to the statement, last week's purchases were fully financed by selling 70,201 common shares of MSTR for $257 million and preferred shares of STRC for $7 million.

On Monday, January 26, MSTR shares fell nearly 3% during the trading session compared to Friday's closing price.

"Asian Strategy" Forecasts Losses on BTC Assets

The Japanese company Metaplanet reported an unrealized loss of 104.6 billion yen (~$680 million) due to the depreciation of its Bitcoin reserve in its preliminary financial results for 2025.

*Notice Regarding Revision of Full-Year Earnings Forecast for Fiscal Year Ending December 2025, Recording of Bitcoin Impairment Loss, and Announcement of Full-Year Earnings Forecast for Fiscal Year Ending December 2026* pic.twitter.com/VIKYRYb981

— Metaplanet Inc. (@Metaplanet) January 26, 2026

However, the firm recorded these "paper" losses as non-operating expenses, which do not directly impact cash flow.

Considering the write-down of cryptocurrency losses, Metaplanet expects a consolidated net loss of 76.63 billion yen (~$498 million). The company noted that its Bitcoin strategy has allowed it to diversify funding sources and generate additional income from digital gold through derivatives markets.

"While short-term volatility in financial reporting is an inherent part of our business model, the long-term strategy of accumulating BTC and raising capital remains on track," the press release stated.

For 2026, Metaplanet forecasts revenue from Bitcoin strategies of 15.6 billion yen (~$101.3 million) with total operating profit of 16 billion yen (~$104 million).

According to BitcoinTreasuries, the "Asian Strategy" holds 35,102 BTC valued at $3.1 billion. The company's shares fell 7% on Monday, with a market capitalization of 543.7 billion yen (~$3.5 billion).

BitMine Stakes Over 2 Million ETH

BitMine, which holds the second-largest corporate crypto treasury, announced it has accumulated 4,243,338 ETH worth over $12 billion. This represents 3.52% of the total Ethereum supply, with a target of 5%.

🧵
BitMine provided its latest holdings update for January 26th, 2026:

$12.8 billion in total crypto + "moonshots":
— 4,243,338 ETH at $2,839 (@coinbase)
— 193 Bitcoin (BTC)
— $200 million stake in Beast Industries @MrBeast
— $19 million stake in Eightco Holdings (NASDAQ: $ORBS)…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) January 26, 2026

The firm also owns 193 BTC, stakes in Eightco Holdings ($19 million), and Beast Industries ($200 million). Free cash stands at $682 million, with total asset value at $12.8 billion.

As of January 25, BitMine has staked 2,009,267 ETH. Earlier, Chairman Tom Lee noted that staking all of the firm's Ethereum would generate over $350 million in additional income annually, based on a composite rate of 2.8%.

In the first quarter of 2026, the company plans to launch its own commercial staking network, MAVAN (Made in America Validator Network).

SOL as an Alternative

Medical equipment manufacturer Sharps Technology, implementing a digital asset management strategy based on Solana, reported its initial operational achievements in this business area.

According to the statement, nearly all of the company's SOL is staked. Sharps' partners have provided a gross annual yield on the cryptocurrency of about 7%, which is above the network's average.

The firm emphasized that, in light of its cryptocurrency policy, it maintains a sufficient level of working capital and has no corporate debt.

According to CoinGecko, Sharps holds nearly 2 million SOL, currently valued at around $248 million. The company has spent over $389 million on purchasing cryptocurrency.

It is worth noting that Pantera Capital predicted the collapse of small companies with crypto treasuries in 2026 and a wave of consolidations.