Bitcoin News Today: As $19B Evaporates, BitMine and Strategy Snap Up 200K ETH and 220 BTC

In a coordinated move to capitalize on a historic crypto market downturn, BitMine Immersion Technologies (NASDAQ: BMNR) and Strategy Inc. (NASDAQ: MSTR) have significantly expanded their digital asset treasuries. The purchases, totaling over 200,000 Ethereum (ETH) and 220 Bitcoin (BTC), underscore growing institutional confidence in crypto as a strategic reserve asset despite volatile market conditionsThis is the Full Title of the First News Article^[1].

BitMine, now the largest Ethereum treasury globally, disclosed the acquisition of 202,037 ETH (~$827 million at current prices) following a sharp market correction triggered by U.S.-China trade tensionsThis is the Full Title of the Second News Article^[2]. The company's total holdings now exceed 3 million ETH, representing 2.5% of the total supply, with a combined crypto and cash portfolio valued at $12.9 billionFull Title of the Third Source Used^[3]. CEO Thomas Lee framed the purchase as a tactical response to "substantial discount to the future" pricing during the liquidation event, which wiped out $19.16 billion in leveraged positions across exchangesFull Title of the Fourth Source Used^[4].

Meanwhile, Strategy Inc.-the largest corporate Bitcoin holder-added 220 BTC (~$27.2 million) to its treasury, boosting its total holdings to 640,250 BTC with a cost basis of $47.4 billionFull Title of the Ninth Source Used^[7]. The purchase, averaging $123,561 per BTC, pushed the company's year-to-date Bitcoin yield to 25.9%, as it continues to leverage capital markets to scale its reserve strategyFull Title of the Tenth Source Used^[8]. Michael Saylor, Strategy's founder, has long advocated for Bitcoin as a hedge against geopolitical and monetary uncertainty, a thesis reinforced by the recent trade war-driven sell-offFull Title of the Eleventh Source Used^[9].

The coordinated accumulation comes amid the largest crypto liquidation in history. A 100% tariff announcement by President Trump on Chinese imports triggered a global risk-off selloff, with Bitcoin dropping 12% to $102,000 before rebounding to $113,000Full Title of the Twelfth Source Used^[10]. CoinGlass data revealed over $19 billion in liquidations, with leveraged longs accounting for 84% of the lossesFull Title of the Fourteenth Source Used^[11]. The crash exposed systemic leverage risks, as cross-margin liquidations on centralized exchanges amplified volatility, particularly for altcoins.

Market analysts highlight the strategic implications of corporate treasury purchases. "Large disclosed buys can tighten effective supply and support price floors if demand persists," noted Glassnode Insights, which observed mid-tier holder accumulation as a key underpinning force in recent price recoveriesThis is the Full Title of the First News Article^[1]. BitMine's use of OTC desks and staggered execution to minimize market impact aligns with best practices for institutional accumulation, while Strategy's equity offerings-funded by selling shares at premiums to net asset value-have enabled aggressive BTC accumulationFull Title of the Ninth Source Used^[7].

Regulatory and macroeconomic factors remain pivotal. The SEC's Project Crypto and the GENIUS Act are reshaping reporting standards, while U.S. Treasury Secretary Janet Yellen's recent comments on stablecoin regulation could influence future corporate strategiesFull Title of the Third Source Used^[3]. Morgan Stanley's recent directive to expand crypto access for all client accounts, including retirement portfolios, signals growing institutional acceptanceFull Title of the Eleventh Source Used^[9].

Looking ahead, investors are advised to monitor on-chain custody patterns, OTC liquidity, and regulatory updates. BitMine's Chairman Thomas Lee emphasized the importance of "execution discipline" and transparent disclosure, while Strategy's Phong Le highlighted the role of capital markets in sustaining its BTC yield targetsFull Title of the Third Source Used^[3]. With Bitcoin trading near $113,000 and Ethereum at $3,850, the market's next move will likely hinge on macroeconomic data and geopolitical developments.