Bitcoin & Ethereum Treasuries Surge: Strategy, BitMine Reveal Fresh Buys

Bitcoin and Ethereum corporate treasuries have seen fresh growth this week as both Strategy and BitMine have announced new ￰0￱ & BitMine Have Both Added To Their Treasury Reserves Strategy and BitMine , the largest Bitcoin and Ethereum treasury companies, respectively, have just revealed new ￰1￱ former’s announcement comes through a routine Monday X post from co-founder and chairman Michael ￰2￱ this purchase, the company has added 397 BTC to its ￰3￱ buy, which occurred in the period between October 27th and November 2nd, cost Strategy about $114,771 per token, or a total of $45.6 ￰4￱ acquisition isn’t too big and continues the recent trend of small, but consistent purchases from the Bitcoin ￰5￱ to the filing with the US Securities and Exchange Commission (SEC), the firm’s acquisition has come alongside sales of its STRF, STRK, STRD, and MSTR at-the-market (ATM) stock ￰6￱ Strategy’s purchase has been relatively modest, BitMine has made a more substantial ￰7￱ announced in a press release, the Ethereum treasury company expanded its holdings by 82,353 ETH during the past week, worth about $302 million at the current exchange ￰8￱ now owns 3.4 million ETH, equivalent to 2.8% of the cryptocurrency’s entire circulating supply.

“We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH,” noted Thomas “Tom” Lee of Fundstrat, Chairman of ￰9￱ is the largest ETH treasury in the world, but in terms of overall cryptocurrency corporate holders, the firm comes second behind Strategy. Saylor’s firm holds 641,205 BTC after the latest purchase, equivalent to over 3.2% of the Bitcoin ￰10￱ invested a total of $47.49 billion into these holdings, and today, the tokens value at $68.8 billion, giving the firm a healthy profit ￰11￱ the Bitcoin treasury is in the green, BitMine’s ETH reserves are ￰12￱ company spent $13.25 billion to assemble its Ethereum stack, but at current prices, the reserve values at $12.43 ￰13￱ BTC and ETH have gone through bearish price action recently, but the reason Strategy’s holdings are still strong lies in the fact that the firm has been at its buying spree for years now, while BitMine is a new player in the space, so its cost basis is much closer to recent ￰14￱ Strategy and BitMine have continued to accumulate recently, the wider trend in the sector is that institutional buying pressure has been slowing ￰15￱ Capriole Investments founder Charles Edwards has explained in an X post , net institutional accumulation has dropped below the daily miner ￰16￱ is the first time in seven months that this trend has developed, suggesting a shift in institutional interest in ￰17￱ Price At the time of writing, Bitcoin is floating around $107,300, down 7% over the last seven days.