MicroStrategy Adds 855 Bitcoin and BitMine Acquires 41,787 Ethereum in Weekly Purchases
MicroStrategy’s latest $75.3 million Bitcoin purchase brings its reserves to over 713,000 BTC worth $54.2 billion, as BitMine continues aggressive Ethereum accumulation amid market volatility.
MicroStrategy acquired 855 BTC between January 26 and February 1 for $75.3 million at an average purchase price of $87,974, boosting its total Bitcoin holdings to 713,502 BTC valued at approximately $54.2 billion with an average acquisition cost of $76,052 per coin. The purchase was funded through common stock sales. Co-founder Michael Saylor highlighted the company’s continued strategy of expanding its reserves despite market fluctuations. Meanwhile, BitMine added 41,787 ETH at $2,601 each for about $108 million, bringing its total Ethereum holdings to 4,285,125 ETH worth nearly $9.94 billion.
- Bitcoin (BTC): A decentralized digital currency operating without a central bank, secured via blockchain technology.
- Ethereum (ETH): A decentralized blockchain platform featuring smart contract functionality, with its native cryptocurrency used for transactions and applications.
- Corporate Crypto Holdings: Digital assets like Bitcoin or Ethereum owned by companies as part of investment or treasury strategy.