Crypto Biz: Same players, bigger bets as crypto eyes a rebound

Familiar players ramp up Bitcoin and Ether bets as markets hint at a rebound, while institutions test blockchain rails and US lawmakers stall on crypto rules this week.

Familiar names have been aggressively accumulating Bitcoin (BTC) and Ether (ETH), but this time, their buying comes amid early signs of a market reversal.

This week, Strategy made one of its largest Bitcoin purchases on record, bringing its total holdings well north of 800,000 BTC. Bitmine Immersion Technologies, despite sitting on steep unrealized losses, executed its largest Ether purchase since December.

Beyond digital asset treasuries, traditional finance continues to test blockchain infrastructure, with Japan exploring the use of government bonds onchain. In the United States, regulation is still grinding forward, albeit slowly, as lawmakers remain divided over key market-structure legislation.

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