Strategy and Bitmine Expanded Their BTC-ETH Treasuries

Strategy Breaks Record by Adding 2.486 BTC

Two major publicly traded crypto treasury companies, Strategy and Bitmine Immersion Technologies, expanded their digital asset portfolios this week. Strategy purchased 2.486 Bitcoin (BTC detailed analysis) between February 9-16, spending 168,4 million dollars and raising its total to 717.131 BTC. The average purchase price was 67.710 dollars/BTC. Similarly, Metaplanet reported a net loss of 619 million dollars in Bitcoin valuation while increasing its BTC holdings to 35.102.

Source: Strategy

Bitmine Captures 3.62% of Total Supply with 45.759 ETH

Bitmine, by acquiring 45.759 Ether (ETH), reached a total of 4.371.497 ETH (3.62% of total supply); 3.040.483 ETH is staked with a value of approximately 6,1 billion dollars. BlackRock's application to receive 18% of staking fees from its new staked Ethereum ETF is strengthening the ETH staking trend. Total spending exceeded 260 million dollars. Bitmine's crypto, cash, and investments reached 9,6 billion dollars.

Source: Yahoo Finance

Top 20 Bitcoin treasury companies. Source: Bitcointreasuries.NET

BTC Technical Outlook: Supports Nearby

Bitcoin at 67.731 dollars (-0.58%), RSI 34.04 (oversold) in downtrend. Strong supports: 65.141 dollars (S2, 3.19% distance), 60.556 dollars (S1). Resistance: 70.139 dollars (R1). BTC futures ready for volatility. BTC at 66.700, ETH at 1.990 dollars; stocks Strategy at 129 (-72%), Bitmine at 20 dollars (-85%) declined. BitcoinTreasuries.NET: 194 companies 1,136 million BTC (76 billion dollars). CoinGecko: 28 assets 6,3 million ETH (12,5 billion dollars).