Strategy has acquired nearly 18,000 BTC for $1.28 billion, expanding its total holdings while facing significant unrealized losses.
From March 2 to March 8, Strategy made a significant purchase of 17,994 bitcoins, totaling around $1.28 billion, at an average cost of approximately $70,946 each.
Strategy has acquired 17,994 BTC for ~$1.28 billion at ~$70,946 per bitcoin. As of 3/8/2026, we hodl 738,731 $BTC acquired for ~$56.04 billion at ~$75,862 per bitcoin. — Michael Saylor (@saylor) March 9, 2026
Co-founder Michael Saylor reported that the firm's total holdings now amount to 738,731 BTC, with an investment of around $56 billion, averaging $75,862 per coin. Currently, the market value of these holdings has plummeted to roughly $50 billion, indicating an unrealized loss of $6 billion due to Bitcoin's price drop.
Through recent securities sales, Strategy managed to raise approximately $1.27 billion, part of a broader initiative to gather $84 billion for Bitcoin investments by 2027.
Saylor referenced the milestone of over a hundred rounds of cryptocurrency buying in a recent tweet, stating, "The second century begins." This reflects the firm’s ongoing commitment to Bitcoin accumulation.
As of now, about 194 public companies hold Bitcoin in their reserves. Strategy ranks among the top ten holders alongside others like MARA, Riot Platforms, and Coinbase.
However, the broader cryptocurrency market has faced challenges, leading to a dramatic 71% decline in Strategy's stock value since its peak, which now stands at $133.53 per share. This decline has pushed its net asset value ratio down to 0.99.
BitMine's Assets
Meanwhile, BitMine has become the largest corporate holder of Ethereum, with assets totaling $10.3 billion. As of March 8, its holdings include:
- 4,534,563 ETH
- $1.2 billion in fiat currency
- 195 BTC
- $214 million in venture investments
BitMine's Ethereum reserves make up 3.76% of the asset’s total market supply, placing it as the second-largest corporate crypto investor worldwide.
Market Outlook
BitMine's Chairman, Tom Lee, expressed optimism regarding the state of digital assets, suggesting that the market may be nearing the end of a "mini-crypto winter." He noted that Ethereum's current price patterns closely align with historical trends seen in the S&P 500 from 2011 and 1987, which could signal a local price minimum around mid-March.
“No one knows where the absolute market bottom is. Therefore, we decided to slightly increase our pace of accumulating Ethereum,” Lee mentioned.
In the last week, BitMine has acquired 60,976 ETH, a notable increase from its usual weekly purchases of 45,000 to 50,000 coins. Notably, short positions on Strategy’s stock recently reached $6 billion, with a market cap of $42 billion at the end of February.
