Strategy and Bitmine Strengthen Crypto Reserves with Major BTC and ETH Acquisitions
These recent acquisitions push Strategy's total Bitcoin position to 717,131 BTC and Bitmine's Ethereum holdings to 4.37 million ETH, demonstrating commitment to corporate crypto treasury growth even as market conditions remain challenging.
This week witnessed the two leading publicly listed cryptocurrency treasury firms increasing their digital currency reserves, as Strategy purchased an additional 2,486 Bitcoin while Bitmine Immersion Technologies acquired 45,759 Ether, collectively allocating approximately $260 million in capital.
According to Strategy's announcement, the company allocated $168.4 million toward Bitcoin (BTC) acquisitions between Feb. 9-16, elevating its cumulative position to 717,131 BTC. These purchases were financed via equity offerings through the company's at-the-market facility, which included the sale of 785,354 shares of STRC preferred stock generating $78.4 million in net proceeds, alongside 660,000 shares of Class A common stock yielding $90.5 million.
According to Monday's reporting, Strategy disclosed a combined acquisition price of $54.52 billion across its entire Bitcoin portfolio, indicating an average cost basis of $76,027 per BTC. The most recent batch of purchases reflected an average entry point of $67,710 per coin.
Bitmine, which maintains the largest Ether treasury among public companies, disclosed that its Ether (ETH) position has reached 4,371,497 ETH, accounting for 3.62% of the total 120.7 million ETH in circulation. Within this total, 3,040,483 ETH are currently staked, worth approximately $6.1 billion at $1,998 per ETH, generating estimated annualized staking income of $176 million.
Additionally, the company disclosed aggregate crypto, cash and alternative investment holdings totaling $9.6 billion, which encompasses $670 million in cash reserves, 193 BTC, a $200 million investment in Beast Industries and a $17 million position in Eightco Holdings.
These acquisitions occurred amid ongoing price declines for both Bitcoin and Ether. As of press time, Bitcoin was changing hands near $66,700, representing approximately a 30% decrease over the preceding 30 days.
Meanwhile, Ether was trading around $1,990, reflecting a decline exceeding 40% across the identical timeframe, based on CoinGecko data.
Crypto treasury stocks tumble as Bitcoin retreats from October peak
Following the wider cryptocurrency market's pullback from Bitcoin's October summit above $126,000, digital asset treasury corporations, which are publicly listed entities that accumulate and maintain cryptocurrencies as core reserve holdings, have likewise witnessed substantial drops in their equity valuations.
Strategy's stock is presently valued around $129, reflecting roughly a 72% decline from its peak of $455.90 reached on July 16, 2025, based on Yahoo Finance data. Bitmine's equity has experienced an even more pronounced downturn. The shares are currently trading near $20, down approximately 85% from the July 3 high of $135. Nevertheless, the stock maintains gains of nearly 175% when measured over the past year.
SharpLink Gaming, ranked as the second-largest Ether treasury holder with 864,840 ETH, representing about 0.72% of aggregate supply, has similarly experienced significant share price deterioration. At present, the equity is valued near $6.55, a substantial decline from $79.21 recorded on May 29.
MARA Holdings, maintaining a position of 53,250 BTC and holding second place among publicly listed Bitcoin treasury companies, is currently trading near $7.48, dropping from $22.84 on Oct. 15, representing a decline of approximately 67%.
Data from BitcoinTreasuries.NET indicates that 194 publicly listed corporations collectively maintain holdings of 1.136 million Bitcoin with a combined valuation of approximately $76 billion.
In contrast, 28 entities collectively hold 6,301,185 Ether with an aggregate value of roughly $12.5 billion, according to CoinGecko data.
