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Strategy Buys Another 1,036 Bitcoin for US$82 Million as Bitmine Closes In on 5% ETH Goal
- Strategy purchased another 1,036 BTC for US$81.9 million, increasing its holdings to 850,364 BTC, roughly 4% of Bitcoin’s maximum supply.
- Strategy also repurchased US$188.3 million in STRC preferred shares, funding both transactions through sales of MSTR common stock.
- Bitmine acquired another 9,587 ETH, bringing its holdings to 6.07 million ETH, or 4.97% of the total supply, despite recent price weakness.
- US spot Bitcoin ETFs recorded US$201 million in Monday outflows, led by BlackRock’s IBIT with US$213.2 million in net withdrawals.
Michael Saylor’s Strategy (MSTR) has just bought another 1,036 Bitcoin. The company now controls roughly one out of every 25 Bitcoin that will ever exist – or about 4%. The purchase, reported on 9 November, was made at an average price of US$79,012 (AU$114,157) per coin and cost US$81.9 million (AU$118.3 million).
Strategy also repurchased US$188.3 million (AU$272.1 million) worth of its STRC preferred shares. Both transactions were funded through sales of MSTR common stock.
The total BTC holdings of Strategy are now 850,364 BTC, worth US$63.6 billion (AU$91.9 billion) at Bitcoin’s current price of US$74,793 (AU$108,038) per coin.
With this, MSTR remains by far the largest publicly traded Bitcoin treasury company, followed by Metaplanet (44,000 BTC), Twenty One Capital (43,514 BTC), Strive (43,153 BTC) and MARA Holdings (35,577 BTC).
Bitcoin as an asset has a 94.1% dominance among corporate crypto treasury holdings, according to numbers from BitcoinTreasuries.net. The second-largest asset held in treasuries is Ethereum (ETH), with 5.2%.
Read also: Binance France to Close Customer Accounts by 31 December
Bitmine Close to Target
Meanwhile, Ethereum treasury firm Bitmine is inching closer to its target of holding 5% of all ETH supply. Last week it bought 9,587 ETH, which means it now holds 6.07 million of the second-largest crypto asset, or 4.97% of the total supply.
Bitmine didn’t disclose at what price it bought the ETH. At the current market price of US$2,121 (AU$3,063) per ETH, its holdings are valued at US$12.9 billion (AU$18.6 billion).
Bitmine Chairman Tom Lee said on X that while the current price development of ETH was “disappointing”, he saw several silver linings, such as an impending bull market, “steady and visible progress […] made on the tokenization supercycle”, and positive statements by Ethereum co-founder Vitalik Buterin.
Buterin said during Devcon 8 in Mumbai that he had finally “made up [his] mind” and that “ETH is a store of value, ETH is money”.
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ETF Outflows Continue
At the same time as these large treasury purchases, the US spot Bitcoin and Ethereum ETFs continue to bleed.
The Bitcoin funds lost another US$201 million (AU$290.3 million) on Monday, led by BlackRock’s IBIT, which saw US$213.2 million (AU$307.9 million) exit the fund. That’s a three-day outflow streak, with six out of seven trading days in the red.
The Ethereum funds, on the other hand, lost US$184.6 million (AU$266.6 million), led by BlackRock’s ETHA, which saw US$119.3 million (AU$172.3 million) in net outflows. The ETH ETFs are also on a three-day outflow streak, with 10 out of 11 days in the red.
Related: Bitcoin ETFs Flip Negative for 2026 After US$1.28 Billion Weekly Outflows
Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
