On October 12, according to EmberCN monitoring, Strategy purchased 250 BTC at an average price of $86,194 last week, valued at approximately $21.55 million. Currently, the company holds 848,250 BTC, with a total value of about $70.532 billion, an average cost of $75,444, resulting in an unrealized gain of approximately $6.536 billion and a return of 10.2%. Bitmine acquired 12,532 ETH at an average price of about $2,601 last week, valued at approximately $32.6 million. Currently, it holds 6,028,946 ETH, valued at about $15.319 billion, with an average cost of $3,334, leading to an unrealized loss of approximately $4.781 billion, a loss rate of 23.8%. Tom Lee previously stated at the TOKEN2049 conference in Singapore that Bitmine would stop increasing its ETH holdings once it reaches 5% of the total supply. Currently, it is about 77,442 ETH away from this target, and based on recent acquisition speeds, Bitmine may reach this goal in about a month.
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Strategy Gains $6.536 Billion, Bitmine Narrows Loss to $4.781 Billion
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Bank of America: S&P 500 Earnings Growth Expected to Slow, Analysts Warn of Limited Valuation Tolerance
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Goldman Sachs CEO Denies Succession Rumors, No Transition Plans or Timelines
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Strategy Invests $368.7 Million in STRC Buyback, STRC Hits New High Since May
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