- Volatility in the crypto market did not affect the implementation of the strategy Bitcoin accumulation strategy as the company purchased $1 billion worth of BTC.
- BitMine’s new investment Ethereum brought the total amount of ETH on the organization’s balance sheet to 4,875 million.
Crypto industry giants Strategy and BitMine continued to buy Bitcoin and Ethereum despite volatility and general uncertainty in the digital asset market.
Michael Saylor’s Strategy Inc. has made another $1 billion purchase, bringing its total Bitcoin holdings to 781,000 BTC.
In his communication Saylor confirmed that between April 6 and 12, the company purchased 13,927 BTC at an average price of $71,902 per coin. This purchase brought the total amount of bitcoin in the organization’s portfolio to 780,897 BTC. The total investment in this Bitcoin amount to approximately $59,02 billion with an average price of $75,577 per BTC.
Michael Saylor also reported that Strategy has achieved a 5,6% return on Bitcoin since the beginning of 2026, highlighting the effectiveness of the company’s BTC strategy.
According to documents According to the company’s filing with the U.S. Securities and Exchange Commission (SEC), the latest acquisition was financed through an IPO program, specifically the sale of STRC preferred shares.
The sales generated approximately $1 billion in net revenue for the organization, with the proceeds used directly to purchase Bitcoin.
Notably, Strategy still has significant fundraising potential, with tens of billions of dollars available to issue securities through various programs, including the STRC and MSTR equity programs.
BitMine Immersion Technologies also announced about a new purchase Ethereum, bringing the total supply of ETH to 4,875 million.
Total assets, including Bitcoin, cash, and investments in promising assets, now amount to $11,8 billion.
Chairman of the Board of Directors of the company and supporter Ethereum Tom Lee is bullish on the underlying asset despite a significant correction since reaching its all-time high in 2025. He believes ETH has performed impressively over the past month and a half since the start of the war in Iran.
The Iran War is now in its seventh week, and it remains a key factor influencing global markets. ETH is currently the best-performing asset since the war began, up 17,4% and outperforming the S&P 500 by 1830 basis points.
We believe ETH’s 2743 basis points outperformance of gold demonstrates ETH’s potential as a store of value in a war-torn environment, the top manager said.
According to Lee, the ecosystem Ethereum continues to benefit from the “dual tailwinds of Wall Street’s tokenization of blockchain and the growing need for AI systems on public and neutral blockchains.”
The number one altcoin’s accumulation is explained by Tom Lee’s belief that Ethereum is in the “final stages of a mini-crypto winter.”
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