Strategy BTC holdings increased 10.2% to $70.53 billion; Bitmine’s ETH position nears 5% supply target.

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The BTC price rose as the strategy added 250 BTC at $86,194, increasing its holdings to 848,250 BTC valued at $70.53 billion. The firm’s cost basis for BTC is $75,444, resulting in a $6.536 billion profit. Bitmine purchased 12,532 ETH at $2,601, holding 6,028,946 ETH valued at $15.32 billion. The firm’s cost basis for ETH is $3,334, leading to a $4.781 billion loss. The firm is nearing its 5% ETH supply target and requires an additional 77,442 ETH at the current purchasing rate.

Huo Xing Finance reports that, on October 12, according to EmberCN monitoring, Strategy purchased 250 BTC last week at an average price of $86,194, totaling approximately $21.55 million. The company currently holds 848,250 BTC, with a current market value of about $70.532 billion and an average cost basis of $75,444, resulting in an unrealized profit of approximately $6.536 billion and a return rate of 10.2%. Bitmine purchased 12,532 ETH last week at an average price of approximately $2,601, totaling about $32.6 million. It currently holds 6,028,946 ETH, with a current market value of approximately $15.319 billion, an average cost basis of $3,334, an unrealized loss of about $4.781 billion, and a loss rate of 23.8%. Tom Lee previously stated at the TOKEN2049 conference in Singapore that Bitmine will cease further ETH purchases once its holdings reach 5% of the total supply. Currently, Bitmine is approximately 77,442 ETH away from this target. Based on recent purchasing trends, Bitmine may reach this goal in about one month.

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