Latest Purchase Analysis of Bitcoin and Ethereum Treasury Companies

Here’s the update on the biggest Bitcoin and Ethereum treasury companies from last week: ◎ Bitcoin treasury company @Strategy (MSTR) didn’t purchase any BTC last week. However, they repurchased $1.5 billion in convertible bonds at an 8% discount, spending $1.38 billion to buy back the $1.5 billion debt. That’s essentially a $120 million profit—arbitrage success . They now hold a total of 843,738 BTC ($65.036 billion), with an average cost of $75,540 per BTC, and an unrealized gain of $1.162 billion (+1.8%). ◎ Ethereum treasury company @BitMNR (BMNR) purchased 111,942 ETH last week at an average price of around $2,100, totaling $235 million. They now hold a total of 5,390,404 ETH ($11.422 billion), with an average cost of $3,492 per ETH, and an unrealized loss of $7.401 billion (-39.3%). -------------------------------------------------------------------------- Bitget: Join and you’re a VIP! Crypto, U.S. stocks, CFDs—global opportunities all in one place.