Last week, a review of the trends in the cryptocurrency market, with notable actions from two well-known treasury companies.
Bitcoin holdings large account Strategy has been very active— they bought 1,229 BTC at an average price of about $88,568, spending $108 million. After this increase, Strategy's total Bitcoin reserves reached 672,497 BTC, worth approximately $58.776 billion. Interestingly, their average cost basis is only $74,997, which means an unrealized profit of up to $8.341 billion. This move clearly indicates a long-term bullish stance on Bitcoin.
The situation with ETH is somewhat different. Ethereum treasury company Bitmine was also busy last week, increasing their ETH holdings by 44,463 ETH at an average price of about $2,982, investing $132 million. They currently hold a total of 4,110,525 ETH, with a market value of approximately $12.023 billion. However, their average cost basis is $3,874, which is under some pressure now, with an unrealized loss of about $3.9 billion. In comparison, the large players' attitudes towards Bitcoin and Ethereum are evidently different.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
4
Repost
Share
Comment
0/400
StakeWhisperer
· 17h ago
Strategy, this move is quite aggressive. With an unrealized profit of 8.3 billion still being swept, it's truly full of conviction.
Bitmine is a bit awkward now, losing 3.9 billion yet still adding positions. Are they betting on a rebound?
The treatment of BTC and ETH is so different; it seems that big investors have already made up their minds.
View OriginalReply0
SchrodingerWallet
· 17h ago
Strategy this move is really awesome, with floating profits of 8.3 billion and still adding positions. This is the confidence of big investors.
Bitmine is having a tough time, with floating losses of 3.9 billion, yet they still dare to buy. Truly worthy of the treasury.
Why does it seem like BTC and ETH are treated so differently?
Major investors are optimistic about Bitcoin long-term, but they don't seem to be as convinced about ETH.
View OriginalReply0
GasGuru
· 18h ago
Strategy's move this time is really aggressive, directly buying the dip with 108 million USD. It seems that big players are still optimistic about BTC's long-term trend.
Bitmine is a bit awkward, with an unrealized loss of 3.9 billion. How long will it take to recover...
Big players are making a killing on BTC, but ETH is stuck in a trap. Why is the gap so huge?
View OriginalReply0
retroactive_airdrop
· 18h ago
Strategy, this move is really ruthless. Continuing to add with an unrealized profit of 8.3 billion. The hearts of big players in the crypto circle are truly extraordinary.
Bitmine is in an awkward position. With an unrealized loss of 3.9 billion, they are still adding to their position. Are they betting on a rebound or truly unable to see the situation clearly?
The big players' choices are right here. BTC is faith, but ETH seems to be in some real trouble.
Last week, a review of the trends in the cryptocurrency market, with notable actions from two well-known treasury companies.
Bitcoin holdings large account Strategy has been very active— they bought 1,229 BTC at an average price of about $88,568, spending $108 million. After this increase, Strategy's total Bitcoin reserves reached 672,497 BTC, worth approximately $58.776 billion. Interestingly, their average cost basis is only $74,997, which means an unrealized profit of up to $8.341 billion. This move clearly indicates a long-term bullish stance on Bitcoin.
The situation with ETH is somewhat different. Ethereum treasury company Bitmine was also busy last week, increasing their ETH holdings by 44,463 ETH at an average price of about $2,982, investing $132 million. They currently hold a total of 4,110,525 ETH, with a market value of approximately $12.023 billion. However, their average cost basis is $3,874, which is under some pressure now, with an unrealized loss of about $3.9 billion. In comparison, the large players' attitudes towards Bitcoin and Ethereum are evidently different.