NewsBTC
Feb 10, 2026
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BEARISH 📉 : Strategy faces losses as Bitcoin holdings rise to 714,644 BTC

Strategy's Bitcoin Accumulation

  • Strategy, formerly MicroStrategy, continues its Bitcoin accumulation despite market challenges.
  • Purchased 1,142 BTC for approximately $90 million between February 2-8 at an average price of $78,815 per coin.
  • Total Bitcoin holdings now at 714,644 BTC valued at roughly $49 billion, purchased for about $54.4 billion.
  • Balance sheet concerns arise due to the recent Bitcoin sell-off and unrealized losses.
  • CEO Phong Le mentions possible restructuring if Bitcoin falls by 90% affecting convertible debt value.

Bitmine's Ethereum Expansion

  • Bitmine Immersion Technologies reports total crypto, cash, and investments worth approximately $10 billion.
  • Crypto portfolio includes 4,325,738 ETH valued at $2,125 each and 193 BTC.
  • Additional investments: $200 million in Beast Industries and $19 million in Eightco Holdings.
  • Ethereum holdings represent 3.58% of total ETH supply; significant portion actively staked.
  • Thomas Lee highlights recent Ethereum acquisition amid price pullbacks as a long-term opportunity.
  • 2,897,459 ETH staked, valued at around $6.2 billion.

Strategy

Market Impact

  • Bitcoin trading near $69,495, down nearly 11% over the past week.
  • Strategy shares rebounded slightly, up 0.82% to $136 per share.
  • Bitmine stock increased by about 2%, trading near $20.91.