Welcome to This Week in Crypto, where we break down the top stories shaping the digital asset world. From large-scale crypto purchases to ETF trends and major movements in Ethereum holdings, here’s what’s been making headlines this week:

Here’s a quick look at what’s new:

  • Strategy adds $962M in Bitcoin: The firm expanded its BTC holdings with a 10,624 coin purchase, pushing its total past 660,000 Bitcoin.
  • BitMine buys $199M in Ether: The largest corporate ETH holder continues to accumulate, even as other investors bet on short-term declines.
  • XRP leads ETF flows: Despite price pressure and centralization concerns, XRP ETFs saw over $750M in inflows across 11 straight sessions.

Let’s take a closer look at what it all means for the crypto space this week!

Strategy Adds 10,624 BTC to Treasury in $962M Purchase

Strategy has expanded its Bitcoin treasury again, purchasing 10,624 BTC last week for approximately $962.7 million. The company disclosed the buy in a regulatory filing, stating the average purchase price was $90,615 per coin. This brings Strategy’s total Bitcoin holdings to 660,624 BTC acquired for about $49.35 billion.

  • Strategy purchased 10,624 BTC in late November, totaling $962.7 million.
  • Its total holdings now stand at 660,624 BTC, with an average purchase price of $74,696.
  • The company also raised $1.44 billion in capital earlier this year.

The acquisition took place during a slowdown in digital asset treasury activity. According to DeFiLlama, treasury inflows in November fell to $1.32 billion, the lowest level of 2025 so far.

BitMine Adds $199M in Ether While Treasury Activity Slows

BitMine Immersion Technologies, the largest corporate holder of Ether, has added nearly $200 million in ETH over the past two days. The company’s latest moves come during a broader cooldown in corporate Ether acquisitions. Meanwhile, some blockchain data shows increased short-term selling activity from other market participants.

  • BitMine bought $199 million in Ether across two separate purchases on Friday and Saturday.
  • The company now holds 3.08% of the total ETH supply, with over $11.3 billion in assets.
  • Corporate Ether acquisitions overall have dropped 81% since August, according to Lookonchain.

Some market analysts track trends from high-performing wallets labeled as “smart money.” Recent data shows this group has opened millions in short positions against ETH, suggesting near-term caution. Additionally, Ether-focused ETFs have seen multiple days of outflows, continuing a trend from November.

XRP Leads Crypto ETF Inflows Despite Mixed Market Signals

XRP has seen one of the strongest runs of ETF inflows this quarter, even as its token price has declined. Since launching on Nov. 13, XRP spot ETFs have recorded consistent interest from institutional investors. Meanwhile, changes in how XRP is held have raised new questions about concentration and liquidity.

  • XRP ETFs brought in $756 million across eleven straight trading sessions.
  • At the same time, Bitcoin and Ethereum ETFs saw over $3 billion in combined outflows.
  • Fewer large XRP wallets now hold a larger share of the supply, pointing to growing centralization.

Analysts note that XRP’s growing ETF presence may offer institutional buyers a more efficient way to access the asset. But the long-term impact depends on whether demand continues over time. For now, XRP’s ETF momentum stands out in a market that remains cautious.

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