Strategy Expands Bitcoin Holdings With $90M Purchase, Bitmine Follows With ETH
Strategy, formerly known as MicroStrategy, is continuing its long‑standing Bitcoin (BTC) accumulation strategy despite ongoing market weakness and growing concerns around the firm’s unrealized losses. At the same time, Bitmine Immersion Technologies, chaired by well‑known market strategist Tom Lee, has revealed a major expansion of its Ethereum (ETH) holdings, underscoring a broader trend of corporate crypto accumulation even as prices remain under pressure. Strategy Adds 1,142 BTC Despite Rising Losses In a filing with the US Securities and Exchange Commission disclosed on Monday,....
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Bitcoin (BTC) and Ethereum accumulation continues to accelerate amongst major crypto treasury companies, with Bitmine Immersion Technologies (BMNR) adding a new tranche to its substantial ETH holdings. According to the latest reports, Bitmine recently acquired more than 65,000 ETH, doubling down on its crypto strategy even as geopolitical tensions and weak investor sentiment weigh on […]
Bitcoin and Ethereum corporate treasuries have seen fresh growth this week as both Strategy and BitMine have announced new acquisitions. Strategy & BitMine Have Both Added To Their Treasury Reserves Strategy and BitMine, the largest Bitcoin and Ethereum treasury companies, respectively, have just revealed new purchases. The former’s announcement comes through a routine Monday X […]
BitMine revealed it has increased its Ethereum (ETH) holdings to 2 million ETH over the past few days, achieving a key milestone for the company’s investment strategy and solidifying its position as the largest ETH Treasury in the world. Related Reading: Metaplanet Expands Bitcoin Treasury Past 20K BTC Worth Over $2.2B 1.7% Of Ethereum’s Supply […]
With Bitcoin (BTC) and Ethereum (ETH) prices facing significant corrections, the two largest publicly traded holders of these cryptocurrencies, Strategy (formerly MicroStrategy) and Bitmine Immersion, have made substantial moves to bolster their portfolios over the past week. Strategy Resumes Bitcoin Acquisitions On Monday, Strategy announced that, between 22 and 28 December, it had acquired 1,129 Bitcoin at an average price of around $88,568 each, totaling approximately $108.8 million. This latest purchase increased Strategy’s Bitcoin portfolio to 672,497 tokens, originally acquired for....
Publicly traded firm BitMine Immersion Technologies bought the crypto market dip over the weekend, as it bolstered its Ethereum (ETH) reserves by 202,037 ETH, propelling its total ETH holdings to beyond 3 million ETH. BitMine’s Total Ethereum Holdings Surpass 3 Million NYSE-listed Bitcoin (BTC) and Ethereum network company BitMine today disclosed that it had bought […]