2025-12-09 02:22:33

Last week, there were two notable large-scale accumulations in the crypto market.

Starting with Ethereum—Bitmine (BMNR) directly swept up 138,452 ETH into their treasury at an average price of about $2,978 per ETH, spending $412 million on the purchase. Including this latest addition, they now hold over 3.86 million ETH, with a total market value of $12.074 billion. However, with an average cost basis of $3,925 per ETH, they are still sitting on an unrealized loss of $3.095 billion.

The movement on the Bitcoin side was even bigger. Strategy (MSTR) acquired 10,624 BTC at a price of $90,615 each, putting in $962 million. Their current BTC holdings have surpassed 660,000 coins, valued at $59.82 billion, with a holding cost around $74,696 per BTC, resulting in an unrealized profit of over $10.4 billion.

Both treasury companies chose to increase their positions in the same week, and the market signals behind these moves are worth pondering.

ETH0.82%

BTC0.94%

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.

7 Likes

Reward
7
5
Repost
Share

Comment

0/400

ContractTearjerker

· 29m ago

Oh my god, MSTR is buying again. This guy really isn’t afraid of getting stuck holding the bag. Bitmine is still down over $3 billion on paper but dares to keep buying. That’s some insane guts. Both institutions increasing positions at the same time—are they sending a signal to retail investors? Or is this just a game of burning cash? To be blunt, the little money we have isn’t even a fraction of what they play with. MSTR’s average cost is way lower than the current price—they’ve got plenty of capital to be reckless. Is Bitmine bottom-fishing with this move, or are they just blindly piling in? This market is a playground for the rich. We’re just here to make up the numbers. Both firms added in the same week, definitely interesting—feels like the tide might be turning? Just thinking about a $12 billion ETH position gives me goosebumps. Looking at their billions in unrealized gains, my tiny stash of coins doesn’t even compare.

View OriginalReply0

SillyWhale

· 12h ago

You can really see institutions bottom-fishing this round, but BMNR is still sitting on pretty big unrealized losses... --- Now that's what I call bold—MSTR dropped $962 million, and their unrealized gains have surpassed $10 billion. That's the confidence of a true HODLer. --- Both increased their positions in the same week. That can't be a coincidence... You can sense they're all betting on something. --- Bitmine got in at an average price above $3,000 and is now totally stuck—this is the risk of trying to catch the bottom. --- Compared to BMNR, MSTR's moves this round are clearly smarter. The depth of their holdings is on a completely different level. --- Can these two companies really change market expectations by doubling down? Feels like it's more about their own confidence. --- MSTR getting into BTC at $98 really hit the jackpot. Seeing those unrealized gains now—I’m jealous. --- When will I be able to calmly throw a billion into crypto like MSTR... just dreaming. --- BMNR is having a tough time—bought in and now has to keep holding and wait for a rebound.

View OriginalReply0

LiquidationTherapist

· 12h ago

Still daring to keep buying after an unrealized loss of over 3 billion? That mindset is truly incredible.

View OriginalReply0

DegenDreamer

· 13h ago

Buying the dip again? These two companies are really bold. MSTR is still making money, while Bitmine is sitting on an unrealized loss of over 3 billion but still dares to keep accumulating—pretty ruthless. What market signal is this? Just rich and willful, I guess. If it drops again, that’ll be interesting, haha. Wait, do they know something we don’t?

View OriginalReply0

LiquidityLarry

· 13h ago

They really dare to keep buying at this price? I have to see how things play out next. --- Wait, MSTR already has a floating profit of $10.4 billion? What kind of monster-level position is this? --- Both increased their positions this week, that’s impressive. --- Bitmine is still floating a loss of over $3 billion. Are you really going this hard, man? --- Both of them are betting on the same direction. If it goes south, that’ll be interesting. --- An average price of $98 vs. over $90,000 now—how do they still dare to make a move with such a big gap? --- Moving hundreds of billions like it’s nothing—aren’t you even a little scared?

View OriginalReply0

Trending TopicsView More
#JoinCreatorCertificationProgramToEarn$10,000
104.83K Popularity
#FedRateCutPrediction
23.34K Popularity
#SUIETFLaunched
8.13K Popularity
#BitcoinActivityPicksUp
6.2K Popularity
#PostonSquaretoEarn$50
35.95K Popularity

Hot Gate FunView More

1
JOHNJohncoin
MC:$3.73KHolders:3
0.96%
2
CASHCASH
MC:$3.7KHolders:2
1.28%
3
GAUSDTGATE
MC:$3.57KHolders:2
0.05%
4
GtigerGtiger
MC:$3.64KHolders:5
0.36%
5
一群狗毛没实力就别发币一群狗毛没实力就别发币
MC:$3.54KHolders:1
0.00%

Sitemap