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

Strategy, formerly known as MicroStrategy, is cont

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

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. 

The 1-D chart shows BTC’s price encountering resistance just above $69,000 over the past few days. Source: BTCUSDT on TradingView.com

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 

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