Daily Crypto Signals: Bitcoin Holds Above $76K, Ethereum’s Institutional Demand Rises
Strategy crossed 800,000 BTC in holdings after a $2.54 billion purchase last week, while Bitmine expanded its Ethereum treasury to nearly 5M
Quick overview
- Strategy's recent purchase of 34,164 BTC for $2.54 billion has brought its total holdings to over 815,061 BTC, making it the largest public Bitcoin holder.
- Bitmine expanded its Ethereum treasury by acquiring 101,627 ETH, bringing its total to nearly 5 million ETH, while aiming for a long-term goal of 5% of all Ethereum coins.
- The DeFi lending platform Aave faced a $293 million exploit due to the Kelp DAO incident, significantly impacting its total value locked.
- SEC Chair Paul Atkins' first year has marked a notable shift in crypto regulation, with increased openness towards the industry.
Strategy crossed 800,000 BTC in holdings after a $2.54 billion purchase last week, while Bitmine expanded its Ethereum treasury to nearly 5 million ETH; meanwhile, a $293 million exploit rattled DeFi lending platform Aave, and the SEC’s first year under Chair Paul Atkins marked a decisive shift in crypto regulation.
Crypto Market Developments
This week, the crypto market is showing both institutional optimism and DeFi weakness. Bitcoin is trading for about $76,066, which is a small increase. Ethereum is holding steady at about $2,321, and its market cap is about $280 billion. Corporate treasury tactics are making the news a lot these days. Publicly traded firms are buying up Bitcoin and Ethereum at record levels.
The one-year anniversary of SEC Chair Paul Atkins’ term is getting a lot of attention from observers, who say that Washington is now much more open to crypto. The Kelp DAO incident over the weekend, which sent shockwaves through the decentralized financial ecosystem, was a reminder that the sector’s interconnected lending infrastructure is still quite fragile.
Bitcoin Reclaims $76,000 on Strategy Accumulation
Michael Saylor’s Strategy made its biggest move ever, buying 34,164 Bitcoin BTC/USD for $2.54 billion between April 13 and 19. This was the company’s third-largest purchase by coin count, behind two huge buys in November 2024. The acquisition brought the company’s total holdings to more than 815,061 BTC, which cost a total of $61.56 billion. This made it the world’s largest public Bitcoin holder by a considerable margin. The most recent batch was bought for an average of $74,395 per coin, which is somewhat less than the company’s overall average acquisition price of $75,527.
The way this recent purchase was financed is interesting: about 85.7% of the money, or about $2.18 billion, came from Strategy’s perpetual preferred security, STRC, while the rest came from sales of Class A common stock. During the week, STRC broke several single-day records, including an estimated 9,364 BTC tied to share sales on April 14 alone. CEO Phong Le also said that STRC dividend payments would be moved to a semi-monthly timetable, which he said might be a unique selling point for investors. Strategy’s aggressive accumulation strategy seems to be going full speed ahead, with BTC staying above $76,000.
Bitmine Buys Over 101,600 ETH
Last week, Bitmine Immersion Technologies, the world’s largest public Ether holder ETH/USD, bought 101,627 ETH. This was their biggest single buy since December 2025. They now own 4,976,485 ETH, which is worth over $11.5 billion. The corporation already owns more than 4% of all Ethereum coins in circulation and is getting closer to its long-term goal, which it calls the “alchemy of 5%.”Chairman Tom Lee said at Paris Blockchain Week 2026 that the recent drop in the price of cryptocurrencies was a “mini crypto winter.” He also said that he was sure that Ether could rise above $60,000 in the next few years, which is a big goal because it is currently worth about $2,321.
Bitmine is growing out its staking infrastructure through its MAVAN platform, in addition to accumulating. Right now, 3.33 million ETH is staked, bringing in more than $200 million a year in staking revenues. Things were not as calm on the other side of the Ethereum ecosystem, though. The Kelp DAO hack stole 116,500 rsETH tokens worth $293 million and used them as collateral on Aave to borrow wrapped Ether. This caused Aave’s total value locked to drop from $26.4 billion to $18.6 billion over the weekend, leaving Aave with about $195 million in bad debt and knocking it out of the top spot as the DeFi protocol with the most TVL. The event shows how dangerous cross-protocol vulnerabilities may be in the tightly integrated DeFi loan sector.
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