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BitMine and Strategy Announce Major Crypto Purchases Worth Billions

BitMine and Strategy Announce Major Crypto Purchases Worth Billions

BitMine Immersion Technologies reports a $110 million weekly Ethereum purchase, boosting holdings to 3.48% of supply as it nears its 5% accumulation target.

BTC
ETH

Fact Check
The assessment that the statement is 'likely_true' is based on strong, corroborating evidence from multiple high-authority sources for both entities mentioned.For the 'BitMine' portion of the claim, a primary source press release from the company, distributed by the high-authority Morningstar, directly states that its crypto and cash holdings reached $14.0 billion. This is further supported by the company's official X (Twitter) account and a stock analysis page, which cite a treasury value in the billions ($12 billion). While these sources refer to 'holdings' rather than a single 'purchase', announcing holdings of this magnitude inherently confirms acquisitions on a multi-billion dollar scale. A conflicting source from Coinpedia mentions a smaller purchase, but its authority is low, and the information is incomplete, making it significantly less credible than the primary source press release.For the 'Strategy' portion, the Whale Alert news feed, a reputable source for large transaction news, points to a MicroStrategy (identified as 'Strategy' in other sources) Bitcoin acquisition exceeding $1.25 billion. This directly supports the claim that 'Strategy' announced a cryptocurrency purchase valued in the billions.In conclusion, the core components of the statement—that both BitMine and Strategy have announced cryptocurrency assets/purchases valued in the billions of dollars—are well-supported by the most credible and relevant sources provided. The minor contradiction is not strong enough to undermine the weight of the primary evidence.
Summary

In an official press release, BitMine Immersion Technologies announced acquiring 35,268 ETH, worth about $110 million, over the past week, bringing its total Ethereum holdings to 4,203,036 ETH, or 3.48% of the supply. This aligns with its goal to reach 5% of ETH’s total supply, having achieved nearly 70% of the target in six months. As of January 19, 2026, it also holds 193 BTC, $22 million in Eightco Holdings shares, $979 million in cash, and has staked 1,838,003 ETH worth $5.9 billion. Chairman Thomas "Tom" Lee highlighted ETHBTC’s steady climb amid Wall Street’s interest in Ethereum-based tokenization. ETH is currently trading at $2,999, near a crucial support zone following a 6.8% daily drop.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum network, used to pay for transactions and execute smart contracts.
  • BTC: The native cryptocurrency of the Bitcoin network, designed for peer-to-peer value transfer and store of value.