Strategy and BitMine Boost Crypto Holdings Amid Historic Liquidation Event

Strategy and BitMine Immersion Technologies have expanded their crypto holdings of Bitcoin and Ethereum during the largest liquidation event in digital asset history. BitMine added 202,037 ETH, boosting its total Ethereum holdings to over 3 million ETH. Strategy purchased 220 BTC for $27.2 million at an average price of $123,561 per BTC.

In the wake of the largest liquidation event in digital asset history, two prominent players in the crypto landscape have significantly bolstered their holdings. Strategy, led by Michael Saylor, and BitMine Immersion Technologies (BMNR) have expanded their crypto portfolios, demonstrating a strategic approach to navigating market volatility.

Strategy's Bitcoin Acquisition

Strategy, known for its aggressive Bitcoin accumulation strategy, recently purchased an additional 220 BTC for $27.2 million at an average price of $123,561 per BTC. This acquisition, announced on September 12, 2025, follows a brief pause in weekly buys and brings Strategy's total Bitcoin holdings to 640,250 BTC, worth approximately $73 billion The Daily: Binance pays $283 million in compensation following Friday's depegs, bitcoin recovers above $114,000 as crypto market stabilizes after historic wipeout, and more^[1].

BitMine's Ethereum Acquisition

BitMine Immersion Technologies has also been active in expanding its Ethereum holdings. The company recently added 23,823 ETH, valued at approximately $103.68 million, to its treasury. This acquisition, tracked through Arkham data, further cements BitMine's position as the largest corporate holder of Ethereum, with a total of approximately 2.83 million ETH worth $12.4 billion BitMine Adds 23,823 ETH Worth $104 Million to Its Treasury^[2].

Market Implications

These moves come amid significant market fluctuations and regulatory changes. The recent crypto market crash, which saw at least $20 billion in leveraged positions wiped out, underscores the importance of strategic positioning and risk management News Explorer — Hyperliquid's HIP-3 Upgrade Enables Launch of Perpetual Futures Markets^[3]. Both Strategy and BitMine have demonstrated a commitment to their respective cryptocurrencies, signaling confidence in their long-term potential despite short-term volatility.

References

The Daily: Binance pays $283 million in compensation following Friday's depegs, bitcoin recovers above $114,000 as crypto market stabilizes after historic wipeout, and more^[1] https://www.theblock.co/post/374407/the-daily-binance-pays-283-million-in-compensation-following-fridays-depegs-bitcoin-recovers-above-114000-as-crypto-market-stabilizes-after-historic-wipeout-and-more
BitMine Adds 23,823 ETH Worth $104 Million to Its Treasury^[2] https://www.cryptotimes.io/2025/10/10/bitmine-adds-23823-eth-worth-104-million-to-its-treasury/
News Explorer — Hyperliquid's HIP-3 Upgrade Enables Launch of Perpetual Futures Markets^[3] https://decrypt.co/news-explorer?pinned=1199078&title=hyperliquids-hip-3-upgrade-enables-launch-of-perpetual-futures-markets