**[Pantera Capital: Brutal Restructuring Awaits Crypto Companies' Financial Reserves in 2026]** Odaily Planet Daily reports that Pantera Capital has stated that in 2026, companies managing financial reserves in digital assets will face brutal restructuring. Only a few well-capitalized leaders will continue to accumulate Bitcoin and ETH, while smaller companies may either be acquired or eliminated by the market. According to Pantera Capital's monitoring, the accumulation of Bitcoin and ETH is currently highly concentrated. BitMine, as the largest holder of ETH, has purchased 92,511 ETH since the beginning of the year, with a total value of approximately $277 million, now holding 3.48% of the total ETH supply. Trend Research has acquired 41,500 ETH in 2026, valued at approximately $126 million, with funds obtained through Aave lending. In terms of Bitcoin, Strategy purchased 22,306 BTC last week for approximately $2.13 billion. As of now, Strategy holds a total of 709,715 BTC, with a total cost of approximately $53.9 billion and an average purchase price of $75,979 per Bitcoin. Data indicates that corporate financial reserve addresses collectively hold about 1.13 million BTC, 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.