Strategy Expands Bitcoin Holdings With $90M Purchase, Bitmine Follows With ETH

Strategy, formerly known as MicroStrategy, is continuing its long‑standing Bitcoin (BTC) accumulation strategy despite ongoing market weakness and growing concerns around the firm’s unrealized losses. At the same time, Bitmine Immersion Technologies, chaired by well‑known market strategist Tom Lee, has revealed a major expansion of its Ethereum (ETH) holdings, underscoring a broader trend of corporate crypto accumulation even as prices remain under pressure. Strategy Adds 1,142 BTC Despite Rising Losses In a filing with the US Securities and Exchange Commission disclosed on Monday, Strategy reported the purchase of an additional 1,142 Bitcoin for approximately $90 million. The acquisition was made between February 2 and February 8 at an average price of $78,815 per coin, according to the company’s 8‑K filing with the regulator source: https://www.newsbtc.com/bitcoin-news/strategy-expands-bitcoin-holdings-with-90m-purchase-bitmine-follows-with-eth/