💸 After a pause and management statements about the possible sale of part of the Bitcoin reserve, Strategy resumed buying cryptocurrencies. Over the course of a week, the company purchased 535 BTC for about $43 million. This is noticeably lower than previous investment volumes.



Strategy holds 818,869 BTC on its balance sheet at an average price of $75,540 per coin.

🪙 Bitmine, which has the second-largest corporate crypto treasury by value, said it bought 26,659 ETH. This accounted for roughly a quarter of its previous weekly volumes. The company has accumulated more than 5.2 million ETH—4.31% of the total Ether supply.

Bitmine Chairman Tom Lee confirmed that as the firm gets closer to its long-term goal—accumulating 5% of the issuance—it is reducing the pace of purchasing the asset.
BTC-1.62%
ETH-2.5%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
MasterChuTheOldDemonMasterChu
· 7h ago
Chong Chong GT 🚀
View OriginalReply0
MasterChuTheOldDemonMasterChu
· 7h ago
Steadfast HODL💎
View OriginalReply0
  • Pin