Companies Keep Buying $BTC - Even With Billions in Paper Losses
The market is shaky, prices are lower… and corporate treasuries are still adding exposure. While many traders focus on short-term charts, BTC and $ETH are quietly being accumulated by public companies.
Strategy bought another 2,486 BTC for $168M at an average price of $67,710. The company now holds 717,131 $BTC worth about $48.8B - even though its average entry of $76,027 leaves it sitting on roughly $5.8B in unrealized losses.
Meanwhile, BitMine Immersion Technologies added 45,759 ETH for $91.6M at $2,001 average. It now holds 4.37M ETH worth around $8.67B, despite nearly $8B in paper losses based on its higher average cost.
This isn’t short-term trading. It’s balance sheet strategy. Both firms continue expanding positions despite volatility. That tells you something important: their thesis hasn’t changed - even if price has.