As December ends, the crypto market remains subdued. Bitcoin is still trading below $90,000, while Ethereum struggles to hold $3,000 level. Price action has been limited, sentiment is weak, and the Fear & Greed Index remains deep in extreme fear territory.
Yet behind this calm and cautious surface, several major companies are still adding to their crypto holdings at a steady pace. These moves confirm that the recent downturn has not changed their long-term plans.
Read also: Czech Central Bank Buys $1 Million in Bitcoin in First-Ever Test Portfolio
Strategy’s Relentless Bitcoin Buying
Strategy announced yesterday that it acquired another 1,229 Bitcoin, pushing its total holdings to 672,497 BTC. The company’s average purchase price now stands at $74,997 per coin, keeping it in profit despite Bitcoin’s pullback over recent weeks.
What stands out most is consistency. Throughout 2025, Strategy bought Bitcoin almost every single week. This buying continued during sharp rallies, deep pullbacks, and periods of intense volatility. Despite persistent rumors and fake news about potential forced selling or balance sheet pressure, the company did not sell a single coin. Instead, it kept adding.
With its current holdings, Strategy now controls over 3% of Bitcoin’s total supply. That alone makes it one of the most influential long-term holders in the market, and its actions have become a closely watched signal for institutional confidence.
Read also: Will Strategy Be Forced to Sell Its Bitcoin? It’s Too Early to Panic
Bitmine Doubles Down on Ethereum
On the Ethereum side, Bitmine has been just as active. Over the past few weeks, the company added 44,463 ETH to its balance. Over the last two months, it has bought Ethereum every week without interruption.
Bitmine now holds 4,110,525 ETH at an average price of $2,948, alongside smaller positions in other digital assets. This gives the firm control of more than 3% of Ethereum’s total supply, a level comparable to Strategy’s share of Bitcoin.
Unlike many holders, Bitmine is not simply sitting on its Ethereum. A portion of its ETH is actively staked, generating more than $1 million per day in staking rewards. This creates ongoing cash flow while maintaining exposure to the asset itself, even during periods of weak price performance.
Read also: BitMine CEO Says Ethereum Will Hit $12,000 – Is It Realistic?
Zcash Joins the Treasury Trend
Institutional accumulation is not limited to Bitcoin and Ethereum. Cypherpunk has begun building a dedicated Zcash treasury and has moved quickly. Over the past week alone, it accumulated 56,418 ZEC, bringing its total holdings to 290,063 ZEC.
While this represents about 1.76% of Zcash’s total supply today, the company has stated its ambition to reach 5% over time. Although this accumulation phase only started recently, the pace suggests a clear strategy rather than a short-term trade.
Read also: Zcash Reclaims $500 as Winklevoss-Backed Cypherpunk Makes $50M Bet
What 2025 Tells Us
Looking back, 2025 has made one thing clear: institutional interest in crypto remains strong. Strategy now owns over 3% of Bitcoin. Bitmine holds over 3% of Ethereum. Cypherpunk is laying the groundwork for a significant Zcash position.
Over the course of the year, other companies have also announced treasuries involving assets like Litecoin, BNB, and Worldcoin. Crypto is no longer driven only by traders and retail flows. Balance sheets, treasury strategies, and long-term accumulation plans now play a major role.
That said, we need to be aware that this trend also brings new risks. If prices fall too sharply or credit conditions tighten, some of these companies could eventually be forced to sell. For now, though, the final days of 2025 show institutions still buying, still holding, and still treating crypto as a long-term allocation rather than a short-term bet.
