Bitcoin and altcoins experienced a price pullback last week after their sharp recovery.
Nevertheless, this blow did not stop Bitcoin ($BTC) and Ethereum ($ETH) bulls Strategy and BitMine; both companies also made further purchases.
At this point, BitMine, the largest institutional Ethereum bull, announced last week that it had purchased an additional 69,760 $ETH.
Last week, BitMine added 69,760 coins to its Ethereum treasury of 4,534,563 $ETH (at $1,965 per $ET) and put its total $TH holdings at around 3 with the sum of 3,563 bitcoins. One-third of the circulating supply is , who represents three quarters of all that money.
Bitmine likewise stated that it has 195 $BTC, $200 million in Beast Industries, $14 million stake in Eightco Holdings and $1. cash 2 billion from ,. According to it its investments total are $10. 3 billion – .
But Bitmine CEO Tom Lee once again has said he believes in Ethereum as the company’s holdings of $ETH continue to grow.
Despite recent war concerns and rising oil prices, the Ethereum price has been resilient, Tom Lee said ‘We see this as the last step of a mini crypto winter. Paraphrast.
Lee noted that Ethereum’s price movement resembled the S&P 500 index’s lows in 2011 and 1987.
“The price path” and correlation coefficient for the two periods are 89%, 93%, respectively. Similarly to Ethereum and S&P 500 index, if this is the case, then $ETH will likely be bottom below its recent low of $1,740 between 8 and 14. – ’.
Tom Lee ended by saying that no one had predicted the bottom, which was what led to this firm’s rapid $ETH purchases.
It bought 17,994 $BTC for about $1 last week, according to Strategy, the largest institutional Bitcoin bull that it has ever purchased. 28 billion on average $70,946. Currently, the company has 738,731 $BTC (about $56) as of March 8, 2026. average $75,862 for 04 billion at a cost of 04billion.
*This is not investment advice.
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