Key Takeaways
- Strategy Inc. added 220 Bitcoin this week, increasing its total holdings to 640,250 BTC, valued at about 47.38 billion dollars.
- BitMine Immersion Technologies accumulated 202,037 Ether, raising its holdings to over 3 million ETH, representing 2.5% of total supply.
- Both firms used recent market volatility as an opportunity to expand long-term crypto reserves rather than retreat.
- The moves reinforce a broader institutional strategy of accumulation, showing that confidence in Bitcoin and Ethereum remains intact despite short-term turbulence.
Two of the sector’s most prominent public treasuries, BitMine Immersion Technologies and Strategy Inc., expanded their crypto holdings this week, with BitMine adding 202,037 Ether and Strategy acquiring 220 Bitcoin, highlighting that corporate appetite for digital assets remains strong despite recent market turbulence.
Strategy Adds to Its Massive Bitcoin Reserve
Strategy Inc., the world’s largest corporate holder of Bitcoin, said it purchased an additional 220 Bitcoin between October 6 and October 12 for about 27.2 million dollars, bringing total holdings to 640,250 Bitcoin valued at roughly 47.38 billion dollars at current market prices.
The purchases were funded through proceeds from Strategy’s ongoing share sale programs, following the company’s decision to position Bitcoin as its primary treasury reserve asset and to use both equity and debt financing to expand its holdings.
The company said it views its Bitcoin strategy as a long-term investment aimed at hedging against monetary debasement, adding that its Bitcoin yield for the year has reached nearly 26%.
BitMine Deepens Its Bet on Ethereum
In a similar announcement, BitMine Immersion Technologies revealed that it has raised its Ethereum holdings to more than 3 million tokens after buying 202,000 ETH in recent days.
The company’s holdings now represent about 2.5% of Ethereum’s total supply and brings BitMine’s combined crypto and cash reserves to 12.9 billion dollars.
Chairman Thomas “Tom” Lee said the company took advantage of the recent drop in Ether prices to expand its position, calling the purchase a “halfway mark” toward BitMine’s goal of owning 5% of all ETH in circulation.
Additionally, Lee described the company’s long-term outlook as centered on what he calls an “Ethereum Supercycle,” driven by the growing intersection of artificial intelligence, finance, and blockchain technology.
Institutional Treasuries Hold Firm Amid Market Swings
The latest purchases from both companies show that major corporate treasuries continue to see market downturns as opportunities to strengthen their long-term positions. Despite recent volatility, the approach remains steady as firms choose to build rather than retreat.
Instead of pulling back, both companies appear to be using periods of weakness to increase exposure, suggesting that for the largest crypto treasuries, strategy is measured in years, not trading days.
Read More: 66% of Investors Plan to Buy More Crypto as Bitcoin Could Reach $200K, Bitget Finds
