Strategy continued to build up its reserves, acquiring $100 million worth of BTC from 8-14 June 1587 at an average price of $63,024 per coin. After this deal, the firm’s total reserves reached 846,842 BTC and the market value of the portfolio is estimated at $56.6 billion, which is about 4% of the total issuance of the first cryptocurrency. The purchase was financed by a $209 million sale of class A shares, leaving the company with an opportunity to sell the securities for another $25.75 billion. In parallel, Strategy increased its dollar reserves from $1 billion to $1.1 billion.

Sygnum Bank experts point out the risks of a possible change in strategy: previously, the company promised not to sell Bitcoin, but can now use it to secure payouts. Against this background, analysts at Grayscale called the recent sale of Strategy 32 BTC a "stress test" of its financial model.

Meanwhile, BitMine Immersion Technologies has boosted the reserve volume of Ethereum to 5.62 million ETH, controlling 4.66% of the total market supply of the asset. The total value of cryptoassets and cash in BitMine reached $10.4 billion. The firm has secured ETH 4.7 million through its own infrastructure MAVAN, which will provide expected annual revenue of around $269 million. In addition, BitMine announced a preferred stock listing on the NYSE under the ticker BMNP as of June 16, channeling $273.8 million raised to expand operations and purchase cryptocurrencies.