Strategy Adds 1,142 Bitcoin as BitMine Buys $84 Million Ether During February Crypto Pullback

Corporate Bitcoin and Ethereum Treasuries Expand Holdings Despite Market Declines

TL;DR

• Strategy purchased 1,142 BTC for about $90 million, lifting total holdings to 714,644 bitcoin.
• BitMine Immersion Technologies acquired roughly $84 million worth of ether in a single day.
• Both companies added assets during a broader crypto price pullback in early February 2026.

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Strategy disclosed in a regulatory filing that it acquired 1,142 bitcoin for approximately $90 million between Feb. 2 and Feb. 8, 2026, paying an average price of $78,815 per bitcoin. The purchase was funded through at-the-market sales of the company’s Class A common stock, MSTR, according to the filing. Following the transaction, Strategy’s total bitcoin holdings reached 714,644 BTC, making it one of the largest corporate holders of the asset by volume.

The company said its aggregate bitcoin position was valued at around $49.2 billion at recent crypto price levels, while the total acquisition cost stood near $54.4 billion, including fees and expenses. Strategy’s average purchase price across all holdings was reported at $76,056 per bitcoin, implying about $5.2 billion in unrealized losses amid the recent downturn. The holdings account for more than 3.4% of bitcoin’s fixed 21 million supply, based on company disclosures tied to the crypto price index.

Funding for the latest bitcoin purchase came from equity issuance completed shortly before the acquisition. Strategy reported selling 616,715 MSTR shares for roughly $89.5 million during the prior week. As of Feb. 8, the firm said $7.97 billion worth of shares remained available for issuance under its existing at-the-market program, allowing additional flexibility to raise capital linked to bitcoin accumulation.

Michael Saylor, the company’s co-founder and executive chairman, hinted at the purchase ahead of the filing by posting an update to Strategy’s bitcoin acquisition tracker with the phrase “Orange Dots Matter.” Saylor has previously commented on the firm’s balance sheet resilience, stating that bitcoin would need to fall to $8,000 before Strategy would face balance sheet issues, according to prior public remarks cited in the filing.

BitMine Immersion Technologies disclosed a separate large-scale crypto purchase during the same market pullback. The Ethereum-focused treasury company reportedly acquired about $83.6 million to $84 million worth of ether on Feb. 9, 2026, based on onchain data. Transactions showed BitMine purchasing 20,000 ETH from FalconX around 12:40 p.m., followed by another 20,000 ETH from BitGo within a similar timeframe, totaling 40,000 ether.

Ether was trading at roughly $2,090 at the time of execution, according to contemporaneous crypto price data referenced in the disclosure. The purchase lifted BitMine’s total ether holdings to approximately 4,325,738 ETH, valued at about $9.14 billion based on the prevailing coin market cap at the time of reporting. The company has positioned itself as one of the largest known corporate holders of ethereum.

Tom Lee, BitMine’s chairman, addressed concerns about balance sheet volatility linked to the purchase. Lee said the market pullback represented an “attractive” entry point and described the company’s unrealized losses as part of its strategy, stating that large paper losses are “an expected part” of maintaining an Ethereum treasury during periods of market stress.

This article has been refined and enhanced by ChatGPT.