Bitmine also continued adding to its crypto holdings with a fresh ETH purchase in the past week.
Strategy, formerly Microstragegy, announced today, March 2, that it has acquired an additional 3,015 Bitcoin (BTC), according to an X post from the firm. The purchase totalled approximately $204.1 million, at an average price of $67,700 per Bitcoin.
This latest BTC buy marks Strategy’s largest since January and brings its total Bitcoin holdings to 720,737 BTC, further solidifying its status as the largest corporate Bitcoin holder globally, according to data from BitcoinTreasuries. The firm, which pioneered the digital asset treasury (DAT) strategy as far back as 2020, has continued to make weekly BTC purchases in recent months.
Last week’s purchase is its largest since Jan. 20, when Strategy bought 22,305 BTC for an average cost of $91,519, according to its website, which marked its largest single purchase since late 2024.
Bitmine Also Buys ETH
Meanwhile, Bitmine Immersion Technologies continues to hold onto its position as the largest Ethereum DAT company, also announcing a fresh purchase today, according to a press release from the firm. The company accumulated nearly 51,000 ETH in the past week alone, bringing its holdings to 4,473,587 ETH, per the release. Bitmine also noted that it is staking a total of 3,040,483 ETH as of March 1.
The continued accumulation from the two largest DATs comes as BTC and ETH both post 24-hour gains in a broad crypto market rally today, despite the escalating military action in the Middle East, after the United States and Israel launched strikes against Iran this weekend, killing Iranian Supreme Leader Ayatollah Ali Khamenei.
BTC rallied back over $69,000 and ETH pushed over $2,000 today, supported by renewed inflows into spot crypto ETFs at the end of last week.
The DAT trend exploded last year, as an increasing number of publicly traded firms began accumulating not only BTC and ETH, but smaller cap assets. Experts, however, expressed concerns about the risks and questioned the viability of the DAT structure as a long-term strategy, especially for smaller, more volatile crypto assets.
This article was generated with the assistance of AI workflows.