Major cryptocurrencies are experiencing sharp corrections. Bitcoin hovers near $67,000, while Ethereum has fallen to approximately $1,950, marking a significant multi-week downturn.
Despite these deep drawdowns placing assets below corporate cost bases, Strategy and Bitmine are actively expanding their portfolios.
Strategy recently acquired 2,486 BTC for nearly $168.4 million, averaging $67,710 per coin. The firm now holds 717,131 BTC, purchased at an average price of $76,027. This accumulation continues Strategy's approach of treating Bitcoin as a long-term treasury reserve.
On the Ethereum front, Bitmine, holding 4,371,497 ETH valued around $2,000 per coin, added 45,759 ETH this past week. This consistent buying pattern has persisted through January and February. With Ethereum trading near $1,950, Bitmine's holdings are underwater, yet the company has accelerated staking activity, committing over $6 billion to validator infrastructure.
Analysts suggest 2026 could be pivotal for Ethereum, citing improving market fit and adoption. Historically, Bitcoin has outperformed inflation on a three-year rolling basis, surpassing gold. Both Strategy and Bitmine appear committed to this long-term perspective, maintaining significant cash reserves and avoiding forced selling.