Strategy Logs 100th Bitcoin Buy as Holdings Reach 717,722 BTC; BitMine Lifts Ethereum Treasury to 4,422,659 ETH Amid Price Slump

Corporate Crypto Treasuries Expand Despite Bitcoin and Ethereum Trading Near Multi-Week Lows

TL;DR

• Strategy disclosed its 100th Bitcoin purchase on February 23, 2026, acquiring 592 BTC for $39.8 million and bringing total holdings to 717,722 BTC.
• BitMine Immersion Technologies added 51,162 ETH, increasing its Ethereum treasury to 4,422,659 ETH valued at roughly $8.5 billion.
• Bitcoin and Ethereum traded near recent lows, with ETH dipping to between $1,845 and $1,861.

We’ve launched the all-new COIN360 Perp DEX, built for traders who move fast!

Trade 130+ assets with up to 100× leverage, enjoy instant order placement and low-slippage swaps, and earn USDC passive yield while climbing the leaderboard. Your trades deserve more than speed — they deserve mastery.

Strategy disclosed on February 23, 2026 that it had completed its 100th Bitcoin purchase since launching its treasury program in August 2020, acquiring 592 BTC between February 17 and February 22, 2026 at an average price of $67,286 per coin for a total of $39.8 million. The company funded the transaction through the sale of 297,940 MSTR shares, generating $39.7 million in net proceeds, while noting that $7.8 billion in stock remains authorized for issuance.

The latest acquisition, described as the smallest weekly purchase made by the company in 2026, brings Strategy’s total Bitcoin holdings to 717,722 BTC acquired at a combined cost of $54.56 billion, representing an average purchase price of $76,020 per coin. The company’s Bitcoin treasury now accounts for more than 3.4% of the fixed 21 million supply, according to publicly disclosed figures.

Michael Saylor, Strategy’s executive chairman, previewed the milestone over the weekend on X, posting “The Orange Century” ahead of the company’s regulatory filing. He has previously reiterated his long-term stance on the asset, stating, “If it’s not headed to zero, it’s headed to a million.” Strategy’s stock traded more than 2% lower around the disclosure period as broader crypto price index readings remained under pressure.

Bitcoin hovered above $65,000 around the time of the filing, placing the company’s aggregate position below its average cost basis as reflected in prevailing crypto price levels. The holdings are currently showing multi-billion-dollar unrealized losses when compared against the average acquisition price disclosed in filings, based on market data tied to the broader coin market cap.

BitMine Immersion Technologies reported on February 23, 2026 that it had added 51,162 ETH during the week ending Feb 22, deploying approximately $98 million at current crypto price levels. The purchase raised the company’s total Ethereum holdings to 4,422,659 ETH, equal to about 3.66% of circulating supply, according to figures cited in the disclosure.

The company’s Ethereum treasury is currently valued at roughly $8.5 billion amid recent market weakness. Ethereum slipped to a two-week low between $1,845 and $1,861 and declined more than 5% over the week, remaining over 62% below its August 2025 peak, based on COIN360 data tracking the crypto price index.

Tom Lee, chairman of BitMine, described the firm’s accumulation strategy as methodical execution during what he called a “mini crypto winter.” Earlier in the month, the company disclosed a separate purchase of 45,759 ETH valued at more than $90 million, marking its largest weekly addition at that time.

A portion of BitMine’s holdings has been staked, generating annualized revenue in the hundreds of millions at prevailing rates, and the company has stated plans to launch its proprietary MAVAN staking solution in early 2026. Shares of BMNR have traded near support levels and below key moving averages during the broader market downturn as both Bitcoin and Ethereum continue to weigh on the overall coin market cap.

This article has been refined and enhanced by ChatGPT.