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 LossesThe 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. The move extends Strategy’s aggressive Bitcoin buying campaign, even as the value of its massive crypto treasury remains below its total acquisition cost on paper.
The company has spent about $54.4 billion to build its Bitcoin reserves, including fees and related expenses. Across all acquisitions, Strategy’s average purchase price now stands at $76,056 per Bitcoin, well above current trading prices.
Even under such an extreme scenario, Le said the company would explore restructuring options if converting the debt into equity were not feasible.
Bitmine’s Crypto And Cash Holdings Reach $10BBeyond cryptocurrencies, Bitmine reported additional investments including a $200 million stake in Beast Industries, a $19 million stake in Eightco Holdings (ORBS), and total cash reserves of $595 million.
Thomas Lee, Executive Chairman of Bitmine, said the company acquired 40,613 ETH over the past week alone. He described the recent pullback in Ethereum prices as an attractive opportunity, arguing that the market is underestimating ETH’s long‑term utility.
Bitmine also revealed that a significant portion of its Ethereum holdings is actively staked. As of February 8, 2026, the company had 2,897,459 ETH staked, valued at approximately $6.2 billion at current prices.
At the time of writing, Bitcoin was trading near $69,495, reflecting an almost 11% decline over the past week. Strategy’s shares showed a modest rebound, rising 0.82% on Monday to trade around $136 per share. Bitmine’s stock, BMNR, also moved higher, climbing roughly 2% during Monday’s session to trade near $20.91.
Featured image from OpenArt, chart from TradingView.com
