Strategy and BitMine Expand Crypto Holdings Amid Market Volatility

Highlight:

• Strategy increased its Bitcoin holdings, now owning 660,624 BTC worth billions.
• BitMine expanded its Ether treasury, holding 3.86 million tokens publicly.
• Both companies maintain strong crypto positions and healthy cash reserves.

Strategy and BitMine Immersion Technologies are growing their cryptocurrency holdings despite market challenges. This shows strong confidence in digital assets. Last week, Strategy made its largest Bitcoin purchase in months, buying 10,624 BTC for about $962.7 million. This raised the company’s total Bitcoin to 660,624, worth roughly $49.35 billion. So far this year, Strategy has earned a 24.7% return on its Bitcoin investments.

Strategy Holds Strong in Bitcoin Despite Stock Drop

Strategy made its latest Bitcoin purchase mainly through OTC channels to avoid market disruption. The move shows the firm’s careful and methodical approach to buying crypto. The purchase came as Strategy’s stock faced heavy pressure. In the past six months, shares dropped nearly 60%, falling from the $400s to around $170. Resistance between $195 and $215 has limited short-term rallies, keeping investors cautious.

Earlier this month, founder and executive chairman Michael Saylor said that the company created a $1.44 billion cash reserve to help cover dividends. Saylor noted that establishing the USD Reserve alongside the Bitcoin Reserve is seen as a step forward in the company’s growth. He added that it is expected to help manage short-term market changes while supporting the goal of becoming the world’s leading issuer of Digital Credit.

📌FYI – That latest weekly $BTC purchase by $MSTR was the biggest amount since July 2025 pic.twitter.com/AEqqAD2tvy

— André Dragosch, PhD⚡ (@Andre_Dragosch) December 8, 2025

Strategy’s role as a major Bitcoin holder is being challenged by banks like JPMorgan and Morgan Stanley. These banks offer Bitcoin-linked products with controlled risk. Short-sellers, including Jim Chanos, have targeted Strategy.

Other companies, such as Metaplanet, have been reported to follow similar Bitcoin-focused treasury strategies. Despite facing market challenges, the Strategy is seen as maintaining long-term confidence in Bitcoin. Even though shares have fallen, the company appears committed to keeping its crypto holdings and cash reserves to stay stable during downturns.

BitMine Boosts Ether Holdings, Becoming Largest Public ETH Treasury

BitMine Immersion Technologies (Nasdaq: BMNR) bought 138,452 Ether last week for about $435 million. This is a 156% increase from four weeks ago, when it purchased 54,000 ETH. The new buy also surpasses the combined acquisitions of the previous two weeks, which totaled 97,000 and 70,000 ETH.

These purchases raised BitMine’s total Ether to 3.86 million tokens, over 3.2% of Ethereum’s circulating supply. This makes it the largest known Ether treasury. Cash holdings also grew to $1 billion from $882 million. BitMine shares rose 3.8% in pre-market trading as Ether recovered to $3,150 over the weekend.

NEW: 🇺🇸 Tom Lee’s BitMine bought 138,452 Ether in the past week.

Total Holdings: 3,864,951 ETH ($12.13 billion)
Avg. buy price: $3,139 per ETH pic.twitter.com/ghRLuX9CIL

— Crypto India (@CryptooIndia) December 8, 2025

Chairman Thomas Lee said buying picked up after Ethereum’s Fusaka upgrade on December 3, which improved scalability and security. He added that a possible Federal Reserve rate cut and the end of quantitative tightening could support Ether prices in early 2026. In a statement titled “The Crypto Supercycle is Intact,” Lee said rising adoption and tokenization may increase demand next year.

BitMine is also among the most actively traded U.S. stocks, with around $1.8 billion in daily volume, ranking in the top 40 equities. However, at current prices, the firm holds nearly $3 billion in unrealized losses on Ether, reflecting market volatility.