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Bitcoin Holdings Show $4.54 Billion Profit, Bitmine Ethereum Holdings Show $6.297 Billion Loss
On May 11, according to on-chain analyst Yu Jin, Bitcoin treasury company Strategy (MSTR) purchased 535 BTC (approximately $43 million) last week at a price of around $80,340. They now hold a total of 818,869 BTC (valued at $66.398 billion), with an average cost of $75,540, resulting in a profit of $4.54 billion (+7.3%).
Ethereum treasury company Bitmine (BMNR) purchased 26,659 ETH (approximately $6.214 million) last week at a price of around $2,331. They now hold a total of 5,206,790 ETH (valued at $12.132 billion), with an average cost of $3,539, resulting in a loss of $6.297 billion (-34.1%). Additionally, 90% of their ETH (4.713 million coins) is staked in Ethereum.