Strategy and BitMine Continue the Crypto Treasury Race

Strategy acquired 1,229 BTC for $108.8 million, averaging $88,568 per bitcoin.

Strategy has acquired 1,229 BTC for approximately $108.8 million, with an average purchase price of about $88,568.

Strategy has acquired 1,229 BTC for ~$108.8 million at ~$88,568 per bitcoin and has achieved BTC Yield of 23.2% YTD 2025. As of 12/28/2025, we hodl 672,497 $BTC acquired for ~$50.44 billion at ~$74,997 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/UGvjHj5WPg

— Strategy (@Strategy) December 29, 2025

As of December 28, the holder of the largest corporate bitcoin treasury has accumulated 675,497 BTC. Since August 2020, Michael Saylor’s firm Michael Saylor has spent approximately $50.44 billion on cryptocurrency purchases.

On Monday, December 29, the price of digital gold briefly surpassed the $90,000 mark. At the time of writing, the rate returned to around $87,500, erasing the daily gain.

The current valuation of Strategy’s crypto reserve is approximately $58.8 billion.

BitMine Expands Ethereum Holdings

BitMine has reported the purchase of 44,463 ETH. In total, the firm owns 4,110,525 ETH — 3.41% of the total market supply of the second-largest cryptocurrency by market capitalization. The average acquisition price of the asset is $2,948 per coin.

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BitMine provided its latest holdings update for Dec 29th, 2025:

$13.2 billion in total crypto + “moonshots”:

— 4,110,525 ETH at $2,948 per ETH (@coinbase)
— 193 Bitcoin (BTC)
— $23 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and
— total cash of $1.0…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) December 29, 2025

BitMine is the leader in corporate Ethereum treasury size, valued at approximately $11.9 billion. In the DAT segment, this is the second-largest after Strategy.

The company also holds 192 BTC, has a $23 million stake in Eightco Holdings, and possesses $1 billion in free cash.

BitMine is collaborating with three staking providers staking, preparing to launch its own commercial network MAVAN (Made in America VAlidator Network) in 2026.

According to the firm, the total amount of staked cryptocurrency has already reached 408,627 ETH (~$1.2 billion). BitMine Chairman Tom Lee noted that the fully deposited Ethereum reserve for passive income will yield about $374 million annually at the current composite rate of 2.81%.

The queue for staking ETH has, for the first time since July, doubled the number of withdrawal requests. Some observers partially attributed this to BitMine’s actions.

Back in October, Lee stated about a burst bubble in the DAT segment. Experts predicted a major crisis for companies with cryptocurrencies on their balance sheets in 2026.