At a time when Bitcoin is trading well below its recent acquisition costs, Strategy (NASDAQ: MSTR) has deepened its commitment to the cryptocurrency with its largest single-week purchase since September.
The Virginia-based firm added 1,036 Bitcoin to its balance sheet over the past seven days, paying an average of $79,012 per coin, according to a filing with the Securities and Exchange Commission.
With Bitcoin trading near $75,200 on Monday morning, that purchase alone contributed to an estimated unrealized loss of $277 million across Strategy’s total holdings.
The company now controls 850,364 BTC acquired for a combined $64.16 billion, a position that exceeds current market value at prevailing prices.
Bitcoin had briefly dipped below $74,000 earlier in the session before recovering slightly, but remained down more than 1% over the prior 24 hours, with retail sentiment on Stocktwits trending bearish.
The acquisition was financed through $283.8 million in common stock sales, though the bulk of those proceeds did not go toward Bitcoin at all.
Strategy redirected $188.3 million, roughly two-thirds of the stock-sale proceeds, to repurchase shares of its Stretch preferred stock (STRC), a variable-dividend instrument that has served as one of the company’s primary capital-raising vehicles.
The company also reported a $4.77 billion cash reserve earmarked for preferred dividends and debt obligations, drawing $21.1 million from that reserve last week to cover preferred dividend payments.
Retail sentiment around MSTR on Stocktwits shifted from extremely bearish to merely bearish over the session, a modest improvement that nonetheless reflects persistent skepticism about the strategy.
Elsewhere among corporate crypto treasury holders, Strive (ASST) dramatically scaled back its Bitcoin accumulation, adding just 29 coins since the end of October at an average price of approximately $75,721, a steep retreat from the 6,182 BTC it purchased in the week ended October 23 when a preferred stock offering had supercharged its buying capacity.
Strive now holds 43,153 Bitcoin alongside $487.6 million in cash and a stake of 505,000 STRC preferred shares valued at roughly $50.4 million, even as ASST stock climbed nearly 4% in morning trading.
Bitmine Immersion Technologies (NASDAQ: BMNR), which holds the largest corporate Ethereum position of any publicly traded company, acquired 9,587 ETH last week, a pace slightly below the 10,452 ETH it disclosed in the prior period.
The firm’s total Ethereum holdings now stand at 6.07 million ETH, equal to 4.97% of the cryptocurrency’s entire circulating supply, though the dollar value of that position slipped to $14.3 billion from $14.5 billion a week earlier as Ethereum’s price fell.
Bitmine Chairman Tom Lee pointed to remarks by Ethereum co-founder Vitalik Buterin at a developer conference in Mumbai, quoting him as saying, “I’ve finally made up my mind, ETH is a store of value, ETH is money.”
Lee characterized the statement as “a seismic shift” in the investment case for Ether, even as ETH itself traded down more than 4% on the day near $2,100 with bearish sentiment dominating on Stocktwits.
BMNR shares still managed to rally more than 3% in morning trading, with Stocktwits chatter around the stock climbing from normal to high volume as bullish sentiment took hold.
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