Strategy and Bitmine Expand Major Bitcoin and Ethereum Holdings

Strategy acquired 2,932 BTC at an average price of $90,061 each last week, increasing its holdings to 712,647 BTC with an unrealized gain of approximately $8.395 billion. Bitmine purchased over 40,000 ETH in the week to Jan. 26, following more than 35,000 ETH the previous week, boosting its Ethereum holdings to 4,243,338 tokens—3.52% of the circulating supply. Nearly half are staked, contributing to a 54-day wait for new Ethereum validators. Bitmine's total assets stand at $12.8 billion, comprising 193 BTC, $682 million cash, $200 million in Beast Industries, and $19 million in Eightco Holdings. The firm projects annual pre-tax income exceeding $400 million from its staked ETH.

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