Strategy and Bitmine Continue Their Crypto Buys
Strategy's BTC stack hits 846,842 as Bitmine's ETH treasury tops 5.62M tokens.
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).
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