Two big digital-asset treasury (DAT) companies kept buying their target cryptocurrencies in the week of June 14, even as the value of their holdings slid further and further. Strategy (NASDAQ: MSTR) added 520 Bitcoin tokens for $35 million, expanding its hoard to 847,363, and Bitmine Immersion Technologies (NYSE: BMNR) bought 52,203 Ethereum for $92 million.
The pitch from each business is the same as ever: They’re happy to accumulate these assets while they’re on sale because they’re confident that in the long run it will turn out to be a good decision. But that’s a very different issue than whether to buy these stocks yourself, so let’s get some clarity on that.
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