XRP holds near $1.52 as institutions build Bitcoin and Ether treasuries
Bitmine has amassed six million ETH and Strategy's Bitcoin treasury has reached 847,666 BTC, while XRP trades near $1.52 ahead of a heavy week of US economic data.
Key points
- Bitmine holds 6,001,302 ETH, equal to 4.9% of Ethereum's market supply, with total treasury assets of $17.2 billion.
- Strategy bought another 1,666 BTC for $138 million at an average price of $85,681, taking its treasury to 847,666 BTC.
- XRP is consolidating around $1.52, with RLUSD integrated for direct swaps into BlackRock's BUIDL and VanEck's VBILL tokenised funds.
- Quant drew attention after The Clearing House picked its architecture for an interbank tokenised-deposit network handling over $2 trillion a day.
- Binance is offering SPCXB tokenised pre-IPO SpaceX shares as rewards to MARSCOIN holders, with a minimum holding of 10,000 tokens.
XRP is trading near $1.52 as institutional buyers keep absorbing spot supply and the market waits for a busy week of US macroeconomic data, U.Today reports. Bitcoin is holding in the $83,000 to $84,000 range, and exchange balances for both Bitcoin and Ether are falling.
The morning's main theme was position-building by large investors. Bitmine has accumulated 6,001,302 ETH, which the report says equals 4.9% of Ethereum's market supply, and its total treasury assets stand at $17.2 billion. Strategy, meanwhile, told the SEC it bought a further 1,666 BTC for $138 million at an average price of $85,681, lifting its Bitcoin treasury to 847,666 BTC.
On-chain data point to a split in flows. Coinglass figures cited by U.Today show 34,123 BTC, worth about $2.8 billion, leaving centralised exchanges over the past seven days. CryptoQuant analysts see the opposite among smaller altcoins, where exchange inflows have hit their highest level since October 2025, suggesting profit-taking by mid-sized holders and a shift towards the scarcer BTC and ETH.
Institutions keep buying
Among enterprise crypto assets, Quant has stood out, climbing from around $70 to peaks near 350 to 370 after The Clearing House selected its architecture for an interbank On-Chain Money initiative whose pilot processes more than $2 trillion a day. Hedera has shown moderate catch-up growth after an integration involving IBM software. Ripple has no direct link to the Clearing House contract, but its new RLUSD stablecoin has been integrated for direct swaps into tokenised shares of BlackRock's BUIDL and VanEck's VBILL funds.
Binance has reached the final stage of integrating MarsCoin, which moved through Binance Futures contracts and a spot listing with a Seed Tag volatility warning before consolidating after a local gain of roughly 288% and a market capitalisation above $170 million. Holders are being offered an airdrop of SPCXB, a bStocks token representing tokenised pre-IPO SpaceX shares. Binance allocates 30% of MARSCOIN spot-trading fees to those rewards, with a minimum holding of 10,000 MARSCOIN at daily balance snapshots. The exchange says the token grants no legal or voting rights in SpaceX.
The tokenised-stock push comes amid a regulatory deadlock in Washington. On September 15 the Senate failed to advance the CLARITY Act by 49 votes to 50, short of the 60 needed, after a dispute over an ethics provision. Regulators then acted separately: the SEC issued an Innovation Exemption order giving tokenised-stock venues five years of relief from exchange classification, and the CFTC's Market Participants Division issued Staff Letter 26-25 for developers of passive trading software. SEC Commissioner Hester Peirce and Uniswap founder Hayden Adams said the relief targets partly centralised platforms, and both measures are temporary.
Quant and XRP in focus
Investors face three near-term triggers, according to the report: US releases from Tuesday to Friday, including JOLTS, GDP, the PCE index and nonfarm payrolls; thinner Asian liquidity from October 1, when Chinese and Hong Kong markets close for national holidays; and continued pressure on altcoins if capital keeps rotating towards Bitcoin and Ethereum.