BitMine and Strategy Announce Major Crypto Treasury Purchases
According to official statements, Bitcoin treasury firm Strategy and Ethereum treasury firm BitMine executed substantial acquisitions last week, reinforcing their positions among the largest institutional holders of BTC and ETH.
BTC
ETH
Summary
Bitcoin treasury firm Strategy disclosed the purchase of 10,624 BTC at an average price of $90,615 each last week, totaling $962 million. This acquisition raises Strategy’s total holdings to 660,624 BTC valued at $59.82 billion. Ethereum treasury firm BitMine reported the addition of 138,452 ETH at $2,978 each, increasing its holdings to 3,864,951 ETH worth $12.074 billion. Both transactions underscore continued large-scale accumulation by leading crypto treasury firms.
Terms & Concepts
- Bitcoin (BTC): The first and largest cryptocurrency by market capitalization, operating on a decentralized network without a central authority.
- Ethereum (ETH): A blockchain platform supporting smart contracts and decentralized applications.