Treasury Update: MicroStrategy Dumps BTC, Bitmine Slightly Increases ETH Holdings

Last week's treasury update: ◎ MicroStrategy continues selling BTC and stocks to stockpile cash: Last week, they dumped 1,690 BTC at a loss. Sold below cost by $11,123 per BTC, realizing a $18.8M loss. Cash reserves now stand at $4.65B. ◎ Bitmine purchased 7,391 ETH ($13.95M) last week, a small buy to maintain their streak of weekly ETH purchases since the treasury launch. -------------------------------------------------------------------------- ◎ Bitcoin treasury company @Strategy (MSTR) sold 1,690 BTC last week at around $64,262 per BTC ($108M). They still hold 840,447 BTC ($54.742B) with an average cost of $75,385, sitting on an unrealized loss of $8.615B (-13.6%). ◎ Ethereum treasury company @BitMNR (BMNR) purchased 7,391 ETH last week at around $1,888 per ETH ($13.95M). They now hold a total of 5,805,238 ETH ($11.152B) with an average cost of $3,369, sitting on an unrealized loss of $8.406B (-43%). -------------------------------------------------------------------------- Bitget: Join and you're VIP! Crypto, U.S. stocks, CFDs—global opportunities, all in one place!