{"id":89854,"date":"2025-10-13T17:45:30","date_gmt":"2025-10-13T14:45:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89854"},"modified":"2025-10-13T17:52:27","modified_gmt":"2025-10-13T14:52:27","slug":"strategy-and-bitmine-buy-bitcoin-and-ether-on-the-dip","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/strategy-and-bitmine-buy-bitcoin-and-ether-on-the-dip\/","title":{"rendered":"Strategy and BitMine buy bitcoin and ether on the dip"},"content":{"rendered":"<p>Between 6 and 12 October, Strategy bought 220 BTC for $27.2m. The company\u2019s assets under management reached 640,250 BTC worth about $73bn.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Strategy has acquired 220 BTC for ~$27.2 million at ~$123,561 per bitcoin and has achieved BTC Yield of 25.9% YTD 2025. As of 10\/12\/2025, we hodl 640,250 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$47.38 billion at ~$74,000 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRK<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRF<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRD<\/a> <a href=\"https:\/\/t.co\/Ft9ZCh1EGx\">https:\/\/t.co\/Ft9ZCh1EGx<\/a><\/p>\n<p>\u2014 Strategy (@Strategy) <a href=\"https:\/\/twitter.com\/Strategy\/status\/1977706287694598391?ref_src=twsrc%5Etfw\">October 13, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The average purchase price was $123,561 per coin. Since the start of 2025, the bitcoin on the firm\u2019s books has returned 29.5%.<\/p>\n<p>Strategy raised funds by issuing preferred shares STRK, STRF and STRD under an expanded $84bn capitalisation programme running through 2027.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/michael-saylor-the-microstrategy-founders-biography-and-views\">Michael Saylor&#8217;s<\/a> company remains the largest corporate holder of digital gold. A day before the tranche, the firm\u2019s head shared a post alluding to the <a href=\"https:\/\/forklog.com\/en\/news\/black-saturday-11-october-what-happened\">market correction<\/a> sparked by new trade tariffs from US president Donald Trump.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Don\u2019t Stop \u20bfelievin\u2019 <a href=\"https:\/\/t.co\/LUMroqLSCl\">pic.twitter.com\/LUMroqLSCl<\/a><\/p>\n<p>\u2014 Michael Saylor (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1977356507894210979?ref_src=twsrc%5Etfw\">October 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Don&#8217;t stop believing,&#8221; he wrote.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>At the time of writing, 188 companies worldwide had joined the strategy of accumulating bitcoin. They manage 4.6% of the asset\u2019s total supply.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"474\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-174bdc7c8cbaf6dd-6759034974746195-1024x474.png\" alt=\"image\" class=\"wp-image-267476\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-174bdc7c8cbaf6dd-6759034974746195-1024x474.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-174bdc7c8cbaf6dd-6759034974746195-300x139.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-174bdc7c8cbaf6dd-6759034974746195-768x355.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-174bdc7c8cbaf6dd-6759034974746195-1536x710.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-174bdc7c8cbaf6dd-6759034974746195.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Top 10 largest bitcoin holders among public companies. Source: <a href=\"https:\/\/bitbo.io\/treasuries\/\">BitBo<\/a>.\u00a0<\/figcaption><\/figure>\n<p>A week earlier \u2014 from 29 September to 5 October \u2014 Strategy <a href=\"https:\/\/forklog.com\/en\/news\/strategy-pauses-bitcoin-buying-as-share-sales-fail-to-raise-capital\">did not purchase<\/a> the leading cryptocurrency, as it failed to raise capital via a share sale. The pause coincided with bitcoin <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surpasses-125000-to-set-new-all-time-high\">setting<\/a> a new all-time high above $125,000.<\/p>\n<p>After <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-slumps-to-about-111000\">a drop below $111,000<\/a>, the price of digital gold recovered to $114,400.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5bc34a307bb6b572-6759049602588462-1024x603.png\" alt=\"image\" class=\"wp-image-267477\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5bc34a307bb6b572-6759049602588462-1024x603.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-5bc34a307bb6b572-6759049602588462-300x177.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-5bc34a307bb6b572-6759049602588462-768x452.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-5bc34a307bb6b572-6759049602588462-1536x904.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-5bc34a307bb6b572-6759049602588462.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">BitMine and Ethereum\u00a0<\/h2>\n<p>On 13 October, BitMine Immersion Technologies reported another round of Ethereum purchases. The firm acquired 202,037 ETH at a discount, taking advantage of the downturn across digital assets, according to a <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitmine-immersion-bmnr-announces-eth-holdings-exceeding-3-03-million-tokens-and-total-crypto-and-cash-holdings-of-12-9-billion-302581589.html\">press release<\/a>.\u00a0\u00a0<\/p>\n<p>At the time of writing, the cryptocurrency was trading around $4,107. Earlier, its price fell to $3,700.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"604\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-14168a98899a0ff5-6759257294399983-1024x604.png\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2025-10-13 \u0432 17.42.32\" class=\"wp-image-267482\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-14168a98899a0ff5-6759257294399983-1024x604.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-14168a98899a0ff5-6759257294399983-300x177.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-14168a98899a0ff5-6759257294399983-768x453.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-14168a98899a0ff5-6759257294399983-1536x906.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-14168a98899a0ff5-6759257294399983-2048x1208.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly ETH\/USDT chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3AETHUSDT\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>Onchain Lens experts flagged BitMine\u2019s transactions on 11 October.<\/p>\n<blockquote class=\"twitter-tweet\" data-media-max-width=\"560\">\n<p lang=\"en\" dir=\"ltr\">One more newly created wallet withdrew 27,159 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>, worth $104.19M, from <a href=\"https:\/\/twitter.com\/hashtag\/Kraken?src=hash&#038;ref_src=twsrc%5Etfw\">#Kraken<\/a>.<\/p>\n<p>In total, 3 wallets withdrew 78,824 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>, worth $302.12M from <a href=\"https:\/\/twitter.com\/hashtag\/Kraken?src=hash&#038;ref_src=twsrc%5Etfw\">#Kraken<\/a>, likely belonging to <a href=\"https:\/\/twitter.com\/hashtag\/BitMine?src=hash&#038;ref_src=twsrc%5Etfw\">#BitMine<\/a>.<\/p>\n<p>Address: 0x2fde430b28f49a9ff87a555376b9c1c28dd60b4c <a href=\"https:\/\/t.co\/tCbL3ojCYa\">https:\/\/t.co\/tCbL3ojCYa<\/a> <a href=\"https:\/\/t.co\/m2cM2y2RGm\">pic.twitter.com\/m2cM2y2RGm<\/a><\/p>\n<p>\u2014 Onchain Lens (@OnchainLens) <a href=\"https:\/\/twitter.com\/OnchainLens\/status\/1977040869170782441?ref_src=twsrc%5Etfw\">October 11, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company\u2019s reserves reached 3.03m ETH, equal to 2.5% of the second-largest cryptocurrency\u2019s supply. It plans to accumulate 5% of the altcoin\u2019s supply.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"286\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b8070a3ca0c4de9c-6759078132674807-1024x286.png\" alt=\"image\" class=\"wp-image-267478\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b8070a3ca0c4de9c-6759078132674807-1024x286.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-b8070a3ca0c4de9c-6759078132674807-300x84.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-b8070a3ca0c4de9c-6759078132674807-768x215.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-b8070a3ca0c4de9c-6759078132674807-1536x429.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-b8070a3ca0c4de9c-6759078132674807.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Top 10 largest Ethereum holders among public companies (excluding BitMine\u2019s latest purchase). Source: <a href=\"https:\/\/www.strategicethreserve.xyz\/\">Strategic ETH Reserve<\/a>.<\/figcaption><\/figure>\n<p>BitMine\u2019s portfolio also includes 192 BTC, a $135m stake in Eightco Holdings and $104m in cash.<\/p>\n<h2 class=\"wp-block-heading\">BNB<\/h2>\n<p>Hong Kong\u2019s China Renaissance Holdings is in talks to raise $600m for a fund focused on accumulating BNB, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-13\/china-renaissance-seeks-600-million-for-bnb-crypto-treasury\">Bloomberg<\/a> reported.\u00a0<\/p>\n<p>Shares in the new vehicle are planned to be listed on an American exchange. Venture fund <a href=\"https:\/\/forklog.com\/en\/news\/binance-labs-rebrands-as-yzi-labs\">YZi Labs<\/a> will participate in the deal. The firms are expected to invest $200m jointly.<\/p>\n<p>In late August, China Renaissance <a href=\"https:\/\/www.prnewswire.com\/news-releases\/china-renaissance-allocates-100m-to-bnb-in-landmark-web3-move-with-yzi-labs-302537965.html\">said<\/a> it would invest $100m in BNB as part of its collaboration with YZi Labs. The press release said the company became the first in Hong Kong to include the Binance-linked cryptocurrency in its reserves.\u00a0<\/p>\n<p>Two of the company\u2019s firms now accumulate BNB \u2014 CEA Industries and Nano Labs. They manage 608,000 coins worth about $787m.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"315\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ff0151e9ce31a9b7-6759105862854100-1024x315.png\" alt=\"image\" class=\"wp-image-267479\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ff0151e9ce31a9b7-6759105862854100-1024x315.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-ff0151e9ce31a9b7-6759105862854100-300x92.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-ff0151e9ce31a9b7-6759105862854100-768x236.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-ff0151e9ce31a9b7-6759105862854100-1536x473.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-ff0151e9ce31a9b7-6759105862854100.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/en\/treasuries\/bnb\">CoinGecko<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Earlier, CEA Industries head David Namdar <a href=\"https:\/\/forklog.com\/en\/news\/cea-industries-ceo-labels-bnb-as-undervalued-amid-record-highs\">called<\/a> BNB an undervalued asset. On 13 October, the cryptocurrency set a record high of $1,370.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Between 6 and 12 October, Strategy bought 220 BTC for $27.2m. BitMine picked up 202,037 ETH at a discount amid the market pullback.<\/p>\n","protected":false},"author":1,"featured_media":89855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"China Renaissance Holdings plans a BNB treasury fund","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1307,46,1207],"class_list":["post-89854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bnb-chain","tag-ethereum","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"198","promo_type":"1","layout_type":"1","short_excerpt":"China Renaissance Holdings plans a BNB treasury fund","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89854"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89854\/revisions"}],"predecessor-version":[{"id":89856,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89854\/revisions\/89856"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89855"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}