Bitcoin and Ethereum Treasury Companies Increase Holdings

According to ChainCatcher, recent monitoring by on-chain analyst Yu Jin reveals significant activity by major treasury companies in the cryptocurrency market. Bitcoin treasury company Strategy (MSTR) increased its holdings last week by acquiring 1,287 BTC at an approximate price of $90,316 per Bitcoin. This acquisition brings their total holdings to 673,783 BTC, with an average cost of $75,026 per Bitcoin. Meanwhile, Ethereum treasury company Bitmine (BMNR) expanded its Ethereum holdings by purchasing 32,977 ETH at an approximate price of $2,963 per Ethereum last week. Bitmine now holds a total of 4,143,502 ETH, with an average cost of $3,867 per Ethereum. These transactions reflect the ongoing strategies of major cryptocurrency treasury companies to bolster their reserves amid fluctuating market conditions.