Bitcoin and altcoins experienced sharp declines over the weekend, with some seeing this decline as a buying opportunity and others suggesting further declines.
Although sentiment was generally bearish at this point, Bitcoin ($BTC) and Ethereum ($ETH) Bulls made additional purchases on Strategy and BitMine.
Therefore, Strategy, the biggest institutional Bitcoin bull, bought an additional 855 Bitcoins. $BTC last week.
As a result, Strategy announced the purchase of an additional 855 million shares. $BTC Approximately $75.3 million for the period from January 26 to February 1. The company’s average purchase price was $87,974 per coin.
Strategy also added that it had 713,502 people as of February 1st. $BTC The average price is $76,052 per coin.
Meanwhile, Bitmine, the largest institutional Ethereum bull, announced last week that it had purchased an additional 41,788 shares. $ETH.
In response, BitMin added 41,788 coins last week, increasing its Ethereum assets to 4.285 million coins. $ETHits total holdings amount to approximately 3.55% of the circulating supply.
BitMine also stated that the total amount of Ethereum staked reached approximately 2.9 million $ETHan increase of approximately 900,000 people $ETH Just within the last week.
The company also added that it currently has 193. $BTC and $586 million in cash.
*This is not investment advice.
