Strategy and Bitmine Expand BTC, ETH Holdings Facing Market Collapse

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The two largest publicly traded cryptocurrency companies increased their digital asset holdings this week, with Strategy adding 2,486 Bitcoin and Bitmine Immersion Technologies purchasing 45,759 Ether for a total deployment of approximately $260 million.

Strategy he said spent $168.4 million on Bitcoin (BTC) purchases between February 9 and 16, bringing its total holdings to 717,131 BTC. The acquisitions were financed by at-the-market stock sales of 785,354 shares of STRC preferred stock for $78.4 million in net proceeds and 660,000 shares of Class A common stock for $90.5 million.

Source: Strategy

As of Monday, Strategy reported the total purchase price of its Bitcoin holdings was $54.52 billion, implying an average acquisition cost of $76,027 per BTC. Recent purchases were made at an average price of $67,710 each.

Bitmine, the largest Ether treasury company, reported that its Ether (ETH) holdings currently stand at 4,371,497 ETH, representing 3.62% of the 120.7 million ETH supply. Of this amount, 3,040,483 ETH was staked, worth approximately $6.1 billion, or $1,998 per ETH, and the annual staking income is estimated at $176 million.

The company also reported total cryptocurrency, cash and other investments of $9.6 billion, including $670 million in cash, 193 BTC, a $200 million stake in Beast Industries and a $17 million stake in Eightco Holdings.

The purchases came as both Bitcoin and Ether continued to decline. At the time of writing, Bitcoin was commercial nearly $66,700, down about 30% in the last 30 days.

According to CoinGecko, the price of ether has been hovering around $1,990, down more than 40% over the same period data.

Related: MrBeast buys Gen Z bank just weeks after making a $200 million bet on BitMine

Cryptocurrency Treasury stocks fall as Bitcoin retreats from October high

As the broader cryptocurrency market retreats from Bitcoin’s October high above $126,000, digital asset treasuries, publicly traded companies that collect and hold cryptocurrencies as primary reserve assets, have also seen pointed declines in their stock prices.

According to Yahoo Finance, the strategy is currently trading at around $129, down approximately 72% from its high of $455.90 on July 16, 2025. data. Bitmine shares saw an even steeper decline. The company’s stock is trading around $20, down about 85% from its July 3 high of $135. However, over the last year, the company’s stock has increased by almost 175%.

Source: Yahoo Finance

SharpLink Gaming, the second largest holder of the Ether treasury with 864,840 ETH, approximately 0.72% of the total providealso saw its shares fall sharply. As of this writing, supplies are there commercial nearly $6.55, down from $79.21 on May 29.

MARA Holdings, which holds 53,250 BTC and is the second-largest holder of publicly traded Bitcoin, is trading near $7.48, down from $22.84 as of October 15, a decline of about 67%.

According to BitcoinTreasuries.NET dataThe 194 publicly traded companies collectively hold 1.136 million Bitcoins worth approximately $76 billion.

For comparison, 28 entities hold 6,301,185 Ether worth approximately $12.5 billion, based on CoinGecko data.

Top 20 Bitcoin Treasury Stocks. Source: Bitcointreasuries.NET

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