Strategy, BitMine Stock up on Bitcoin and Ethereum as Paper Losses Cross $16B

Key Takeaways Strategy and BitMine continue to aggressively acquire BTC and ETH, undeterred by significant unrealized losses. Combined paper losses for the two firms now top $16 billion amid depressed crypto prices. Both companies have accelerated buying, particularly after BTC fell below $70,000 and ETH dipped under $2,500. In the volatile world of cryptocurrency investments, major corporate holders are doubling down. As Bitcoin hovers around $65,500 and Ethereum trades near $1,976, Strategy an ...