MicroStrategy has significantly increased its Bitcoin holdings, acquiring 8,178 BTC for approximately $835.6 million at an average price of $102,171 per coin. This purchase brings the company's total Bitcoin holdings to 649,870 BTC, valued at $48.37 billion, with a year-to-date yield of 27.8%. Despite market fluctuations, MicroStrategy's strategy remains robust, with analysts noting the company's strong financial position and lack of margin call risk.
Simultaneously, BitMine has expanded its Ethereum holdings, now possessing nearly 3.6 million ETH, which accounts for 2.9% of the total Ethereum supply. The firm purchased 54,156 ETH in a single week, contributing to its $11.8 billion in total crypto assets. BitMine's aggressive accumulation positions it as the leading Ethereum treasury globally. Tom Lee of BitMine suggests that the crypto market's peak is still 12–36 months away, indicating a strategic long-term approach by both companies in the evolving corporate crypto landscape.
MicroStrategy and BitMine Intensify Crypto Accumulation with Major Bitcoin and Ethereum Purchases
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