Topic:Top BTC and ETH whales stopped buyingDo Saylor and Tom Lee know something?
๐จ Top
$BTC /
$ETH Treasuries Stopped Buying - Should We Be Worried?
Strategy has not added to its 843,775 BTC stack since June 22 and is now building a USD reserve of over $3B. Meanwhile, Tom Leeโs Bitmine sharply slowed ETH buying last week, adding only around $14M in ETH while spending more on stock buybacks.
At first glance, this looks scary.
But from a traderโs view, โbuying lessโ is not the same as โselling.โ
Strategy is prioritizing cash reserves to support dividends and interest expenses. Bitmine is close to its 5% ETH supply target, so shifting capital toward buybacks after its stock dropped heavily makes sense from a corporate finance angle.
The key signal is simple: neither treasury is dumping its core stack.
Strategy is holding BTC. Bitmine still added ETH, just at a slower pace.
So this does not look like panic. It looks more like capital management after aggressive accumulation.
The real warning would be different:
If these giants stop buying AND start selling while new demand weakens, then the market has a real problem.
For now, this is not โSaylor and Tom Lee know something.โ
It is more likely discipline, not fear.
โ Not financial advice.
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