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#CryptoTreasuryDivides Corporate crypto treasuries are starting to look much less like one shared strategy 👀 Strive added 1,375 BTC for roughly $109M, bringing its holdings to 24,531 BTC. BitMine added 28,086 ETH and now holds 5.93M tokens, with 85% reportedly staked for yield. Strategy took a different path. It paused BTC purchases at 845,100 BTC and used $176M to repurchase STRC preferred shares, lifting book value per coin to around $2B. What caught my attention is how misleading simple coin-count rankings can become. One company is accumulating BTC, another is using ETH to generate staking income, and a third is managing its capital structure instead of buying more 🧩 With public crypto treasury companies down 48% on average last week, the real comparison now goes beyond who owns the most. Financing costs, dilution, yield and per-share value may ultimately matter more than the headline size of the treasury.