Pantera Capital predicts a brutal restructuring for digital asset financial reserves in 2026, with only a few well-capitalized leaders continuing to accumulate Bitcoin and ETH, while smaller companies will either be acquired or eliminated by the market. According to Pantera Capital, Bitcoin and ETH accumulation is currently highly concentrated. BitMine, the largest ETH holder, 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 purchased 41,500 ETH in 2026, worth approximately $126 million, funded through Aave lending. Regarding Bitcoin, Strategy purchased 22,306 Bitcoins last week for approximately $2.13 billion. As of now, Strategy holds a total of 709,715 Bitcoins, with a total cost of approximately $53.9 billion and an average purchase price of $75,979. Data shows that corporate financial reserve addresses hold approximately 1.13 million Bitcoins, representing 5.4% of the total supply. Furthermore, ETHZilla sold $74.5 million worth of ETH at the end of December to pay off debts.