Strategy Inc. and BitMine Inc., which are listed on American stock exchanges, have strengthened their positions by acquiring Bitcoin (BTC) and Ethereum’s virtual currency Ether (ETH), respectively. They took advantage of a situation of extreme fear to accumulate assets at a “discount” price.
Although these operations coincide with a sense of panic in the market, both companies have demonstrated continued acquisition policies, making purchases even when prices are rising and optimism prevails.
Strategy reported today, March 2, that it took advantage of the price drop to shore up its reserves, purchasing 3,015 BTC at an average price of $67,700 per unit.
This move brings the company’s total holdings to 720,737 BTC, representing 3.43% of the total supply of 21 million units present in this asset. These reserves have totaled nearly $54 billion since August 2020.
Strategy CEO Michael Saylor said the digital currency has unique characteristics that make it “better than gold, real estate, and S&P 500 stocks.” According to the manager, “The key to success lies not only in acquiring digital currency, but in creating innovative credit products that exceed the returns of traditional markets.” Under this vision, Companies not only accumulate assets, but also build financial infrastructures based on their holdings..
System expansion and ETHZilla’s turn
BitMine announced today, March 2, that it is following a similar expansion trajectory by purchasing 50,928 ETH, valued at $104 million according to the CriptoNoticias price calculator. 4,473,587 ETH accumulated, This represents 3.71% of the total supply of this asset..
BitMine President Thomas Lee justified the recent transaction by saying that “the organization continues to methodically execute its Ether financial strategy” as it moves into “the latter stages of this crypto mini-winter.”
Lee added that BitMine is buying ETH because it believes the “downside is attractive given the strengthening fundamentals.” In his opinion, ETH’s price “does not reflect ETH’s high utility and role as the future of finance.”
This approach maintains ETH accumulation despite price declines No consensus among financial companies. The American company ETHZilla previously focused on accumulating Ether, but decided to end this strategy after the stock price crashed.
As the company reported on February 25, the company will change its official name to Forum Markets and operate under the ticker “FRMM” starting today, March 2, 2026, subject to Nasdaq approval. This operation turn Indicates abandoning Ether-denominated treasuries to focus on tokenizing real-world assets (RWA), which means your exposure to the asset is significantly reduced.
Resilience in the face of extreme fear
Despite the belief that companies buy cheap, the stock market has punished the financial performance of these companies. As seen in the chart, Strategy is down 60% over the past six months, while BitMine is down 52% over the same period.
Despite the stock market’s harsh criticism of their performance, Strategy and Bitmine (listed companies with the world’s largest holdings of Bitcoin and Ether assets, respectively) remain steadfast in their policies of holding on to their holdings.
All this time, CoinMarketCap’s Fear and Greed Index has been within the extreme fear zone at 15 points. The indicator analyzes factors such as volatility, trading volumes, price trends, and even comments on social networks to capture situations of serious concern among operators and investors.
For the index, which reached a low of 5 points in early February, this level of panic represents an opportunity to execute within a long-term strategy that does not differentiate between highs and lows.
(Tag Translation)Bitcoin (BTC)
