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Pantera Capital: Cryptocurrency Companies to Face Brutal Restructuring of Financial Reserves in 2026
Summary: Pantera Capital has revealed that in 2026, cryptocurrency financial reserve companies will undergo a brutal restructuring, with only a few well-capitalized leaders continuing to accumulate Bitcoin and ETH, while smaller companies may be acquired or eliminated from the market. According to Pantera Capital's monitoring, the accumulation of Bitcoin and ETH is highly concentrated. BitMine, as ...
Pantera Capital has revealed that in 2026, cryptocurrency financial reserve companies will undergo a brutal restructuring, with only a few well-capitalized leaders continuing to accumulate Bitcoin and ETH, while smaller companies may be acquired or eliminated from the market.
According to Pantera Capital's monitoring, the accumulation of Bitcoin and ETH is highly concentrated. BitMine, as the largest holder of ETH, has purchased 92,511 ETH since the beginning of the year, worth approximately $277 million, currently holding 3.48% of the total ETH supply. Trend Research has acquired 41,500 ETH in 2026, valued at around $126 million, with funds obtained through Aave lending.
On the Bitcoin front, Strategy purchased approximately 22,306 Bitcoins last week for about $2.13 billion. As of now, Strategy holds a total of 709,715 Bitcoins, with a total cost of around $53.9 billion and an average purchase price of $75,979. Data shows that corporate financial reserve addresses collectively hold around 1.13 million Bitcoins, accounting for 5.4% of the total supply. Additionally, ETHZilla sold $74.5 million worth of ETH at the end of December to repay debts.
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Link: Pantera Capital: Cryptocurrency Companies to Face Brutal Restructuring of Financial Reserves in 2026 [Copy]
