Strategy Buys 1,036 BTC, Bitmine Adds 9,587 ETH
Strategy bought 1,036 Bitcoin for about $81.9 million during the week of November 2–8, bringing its holdings above 850,000 BTC for the first time. Bitmine purchased 9,587 ETH over the same period, raising its share of the total Ether supply to 4.97%. Both companies announced their weekly purchases on Monday, November 9.Strategy paid an average of $79,012 per BitcoinStrategy held 850,364 Bitcoin as of November 8. The company has spent $64.14 billion on Bitcoin to date, at an average cost of $75,456 per coin.Strategy paid an average of $79,012 per Bitcoin last week. That was $3,556 above the average cost of its holdings, though below the price it paid the previous week. From October 26 to November 1, Strategy spent $65.5 million on Bitcoin at an average price of $80,846 per coin. In the following week, its average purchase price fell by $1,834 per coin, while its spending rose by $16.4 million.Strategy also repurchased $188 million of its preferred stock, which trades under the ticker STRC. It spent more than twice as much on the buyback as it did on Bitcoin that week. Strategy Executive Chairman Michael Saylor said the company held $4.9 billion in U.S. dollar assets as of November 8.Bitmine’s Ether holdings top 6.07 million ETHBitmine Immersion Technologies, the world’s largest corporate holder of Ether, increased its holdings to 6,070,092 ETH with its latest purchase. The company said it has bought Ether every week since it began accumulating the asset in late June 2025.Bitmine aims to hold 5% of the total Ether supply. Based on the supply of 122.2 million ETH that the company used in its calculations, that target amounts to 6.11 million ETH. If the supply stays at that level, Bitmine needs about 40,000 more ETH to reach its goal.Bitmine has staked 5,227,037 ETH, about 86% of its Ether holdings, to help validate transactions on the Ethereum network. The staked Ether was worth about $11.7 billion at the price of $2,234 per ETH that Bitmine used in its November 8 valuation.Bitmine’s Ether holdings grew over the week, while the dollar value of its overall portfolio fell. The combined value of its crypto assets, cash, marketable securities and other investments declined from $14.5 billion on November 1 to $14.3 billion on November 8. Over the same period, the Ether price used in its portfolio valuation fell from $2,261 to $2,234.
