Strategy, BitMine Stock up on Bitcoin and Ethereum as Paper Losses Cross $16B
Key Takeaways
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Strategy and BitMine continue to aggressively acquire BTC and ETH, undeterred by significant unrealized losses.
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Combined paper losses for the two firms now top $16 billion amid depressed crypto prices.
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Both companies have accelerated buying, particularly after BTC fell below $70,000 and ETH dipped under $2,500.
In the volatile world of cryptocurrency investments, major corporate holders are doubling down.
As Bitcoin hovers around $65,500 and Ethereum trades near $1,976, Strategy and BitMine Immersion Technologies continue accumulating BTC and ETH, respectively, despite significant market drawdowns.
Both firms appear to view current price levels as long-term buying opportunities.
Strategy and BitMine Stock up
Strategy, the world’s largest corporate holder of Bitcoin, has maintained its aggressive acquisition strategy into 2026.
According to its latest update, the firm bought 3,015 BTC at an average price of approximately $67,700 per coin, spending about $204.1 million.
The purchase pushed Strategy’s total holdings to 720,737 BTC.
The company largely funded the acquisition through sales of its Class A common stock, using equity markets to expand its Bitcoin treasury.
This marks Strategy’s 10th consecutive weekly buy, a streak that began in late 2025, underscoring Executive Chairman Michael Saylor’s continued commitment to Bitcoin as a core balance sheet asset.
On the Ethereum side, BitMine Immersion Technologies has been equally active.
As of March 1, 2026, BitMine announced it had acquired 50,928 ETH over the past week.
The purchase—valued between roughly $98 million and $103 million based on prevailing prices—brings the company’s total ETH holdings to 4,473,580.
BitMine Chairman Tom Lee described the recent market pullback as “attractive,” citing Ethereum’s strengthening fundamentals, including its role in decentralized finance and staking rewards.
Notably, 3,040,483 ETH—representing a significant portion of its treasury—is currently staked, generating an estimated $253 million in annual rewards once fully optimized through the company’s upcoming MAVAN staking network.
Combined, Strategy and BitMine deployed more than $300 million into digital assets in the past week alone, signaling strong institutional conviction despite global economic uncertainty and ongoing geopolitical tensions.
$16 Billion in Unrealized Losses
Both firms continue accumulating assets despite mounting unrealized losses tied to the broader crypto market downturn.
Strategy acquired its Bitcoin at an average price of $75,985 per coin.
With BTC trading near $65,500, its 720,737 BTC are currently valued at roughly $47 billion, compared to a total acquisition cost of $54.77 billion—implying paper losses exceeding $7.7 billion.
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