Global Stock News

Strategy and Bitmine Continue Their Crypto Buys

Strategy and Bitmine Continue Their Crypto Buys

Two of crypto’s most aggressive corporate buyers posted fresh accumulation numbers today. Michael Saylor’s Strategy disclosed in an 8-K filing that it picked up another 1,587 BTC for roughly $100M, while Tom Lee’s Bitmine reported its treasury grew by 76,881 ETH to 5.62M tokens.

What’s the Scoop?

  • Strategy’s Tally: The latest batch, bought between June 8–14 at an average of $63,024 per BTC, brings Strategy’s total to 846,842 BTC (~$56B) against a lifetime average cost of $75,656, implying around $8.1B in unrealized losses at current prices.

  • Bitmine’s ETH Pile: At $1,718 per ETH, Bitmine’s 5.62M tokens (worth ~$9.66B) make it the largest corporate ETH holder on the planet and the second-largest crypto treasury overall,…

Source link

Share this article

Scroll to Top