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Two of crypto's most aggressive corporate buyers posted fresh accumulation numbers today. Michael Saylor's Strategy disclosed in an 8-K filing that it picked up another 1,587 BTC for roughly $100M, while Tom Lee's Bitmine reported its treasury grew by 76,881 ETH to 5.62M tokens.
What's the Scoop?
- Strategy's Tally: The latest batch, bought between June 8–14 at an average of $63,024 per BTC, brings Strategy's total to 846,842 BTC (~$56B) against a lifetime average cost of $75,656, implying around $8.1B in unrealized losses at current prices.
- Bitmine's ETH Pile: At $1,718 per ETH, Bitmine's 5.62M tokens (worth ~$9.66B) make it the largest corporate ETH holder on the planet and the second-largest crypto treasury overall, behind only Strategy. The firm is now 93% of the way to its goal of owning 5% of ETH's total supply.
- Stocks Lagging: Despite the buying sprees, both companies' shares remain under pressure. MSTR closed Friday at $123.97 (down 19.8% YTD), while BMNR closed at $16.11 (down 2.48% on the day).
