With Bitcoin (BTC) and Ethereum (ETH) prices facing significant corrections, 
the two largest publicly traded holders of these cryptocurrencies, Strategy 
(formerly MicroStrategy) and Bitmine Immersion, have made substantial moves to 
bolster their portfolios over the past week. Strategy Resumes Bitcoin 
Acquisitions On Monday, Strategy announced that, between 22 and 28 December, 
it had acquired 1,129 Bitcoin at an average price of around $88,568 each, 
totaling approximately $108.8 million. This latest purchase increased 
Strategy’s Bitcoin portfolio to 672,497 tokens, originally acquired for 
roughly $74,997 per token, making the total investment approximately $50.44 
billion. Related Reading: Bitcoin Nears Red Yearly Close: Galaxy Digital 
Explains The Setup Alongside these acquisitions, the company sold $108.8 
million in Class A common stock under its at-the-market equity offering, 
leaving a major $11.7 billion still available for future issuance and sale. 
This follows the week after 24 November, during which the company did not make 
any new crypto acquisitions or issue any securities. Notably, Strategy also 
paused its purchasing activities between 15 and 21 December, ending a three- 
week streak of acquisitions. During this time, it sold common stock amounting 
to $747.8 million. Bitmine Stashes 4,110,525 Ethereum On the other side, 
Bitmine Immersion has disclosed a significant increase in its Ethereum 
holdings, adding 44,463 ETH in just the past week. This move brings its total 
stash to 4,110,525 ETH, which constitutes about 3.41% of the entire Ethereum 
supply. Out of this cache, Bitmine has staked 408,627 ETH. Tom Lee, the 
Chairman of Fundstrat and a key figure at Bitmine, commented on the market&#8217;s 
seasonal activity, noting that trading tends to slow as the year draws to a 
close. He stated, &#8220;Bitmine added 44,463 ETH in the past week, as we continue 
to be the largest &#8216;fresh money&#8217; buyer of ETH in the world.&#8221; Lee attributed the 
downward pressure on cryptocurrency and related equities to year-end tax-loss 
selling, which typically peaks between December 26 and December 30. 
Emphasizing Bitmine’s strategic focus, Lee remarked that the company remains 
dedicated to enhancing shareholder value. This commitment involves accretively 
acquiring ETH per share, optimizing yields, and income on its Ethereum 
holdings. Crypto Market Woes Despite these acquisitions, both cryptocurrencies 
have failed to regain their key levels, with BTC consolidating below $90,000 
at around $87,400 and ETH trading just above $2,920. On a year-to-date basis, 
both ETH and BTC are set to close 2025 with losses of 12% and 6%, 
respectively. Related Reading: Ethereum’s Quiet Bounce Faces A Bigger Test 
Above $3,550 Strategy&#8217;s stock, which trades under the ticker name MSTR, is 
currently priced at around $156 per share. This represents a substantial 71% 
decline from the all-time high of $540 reached in November 2024. At the time 
of writing, Bitmine’s BMNR stock was trading at $28.40, having recorded an 
even greater loss than Strategy when compared to its all-time high price of 
$161. This equates to an 82% loss for the company’s stock since July of this 
year. Featured image from DALL-E, chart from TradingView.com

Bitcoin And Ethereum Influx: Strategy Grabs 1,200 BTC, Bitmine Immersion Ups ETH by 44,000

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Bitcoin price failed to clear $90,000 and trimmed all gains. BTC is now 
consolidating losses and might struggle to stay above $86,500. Bitcoin started 
a recovery wave but failed to surpass $90,000. The price is trading below 
$88,000 and the 100 hourly Simple moving average. There is a declining channel 
forming with resistance at $87,500 on the hourly chart of the BTC/USD pair 
(data feed from Kraken). The pair might continue to move down if it trades 
below the $86,500 zone. Bitcoin Price Dips Sharply Bitcoin price attempted a 
fresh increase above $88,500 and started a recovery wave. BTC even climbed 
above the $89,000 barrier but struggled near $90,000. A high was formed at 
$90,298 before the bears appeared. There was a sharp downside reaction below 
$89,000. BTC trimmed all gains and even dived below $88,000. A low was formed 
at $86,700, and the price is now consolidating losses below the 23.6% Fib 
retracement level of the downward move from the $90,298 swing high to the 
$86,700 low. Bitcoin is now trading below $88,000 and the 100 hourly Simple 
moving average. If the price remains stable above $86,500, it could attempt a 
fresh recovery wave. Immediate resistance is near the $87,500 level. Besides, 
there is a declining channel forming with resistance at $87,500 on the hourly 
chart of the BTC/USD pair. The first key resistance is near the $88,000 level. 
The next resistance could be $88,500 and the 50% Fib retracement level of the 
downward move from the $90,298 swing high to the $86,700 low. A close above 
the $88,500 resistance might send the price further higher. In the stated 
case, the price could rise and test the $89,200 resistance. Any more gains 
might send the price toward the $90,000 level. The next barrier for the bulls 
could be $90,500 and $91,200. Another Decline In BTC? If Bitcoin fails to rise 
above the $88,500 resistance zone, it could start another decline. Immediate 
support is near the $86,500 level. The first major support is near the $86,000 
level. The next support is now near the $85,500 zone. Any more losses might 
send the price toward the $85,000 support in the near term. The main support 
sits at $83,500, below which BTC might accelerate lower in the near term. 
Technical indicators: Hourly MACD – The MACD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is 
now below the 50 level. Major Support Levels – $87,500, followed by $88,000. 
Major Resistance Levels – $86,500 and $86,000.

Bitcoin Price Erases Recent Gains, Raising Fresh Downside Risks

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Bitcoin and ether exchange-traded funds (ETFs) ended the holiday-shortened 
week under pressure, while XRP and solana funds quietly extended their 
positive momentum. Bitcoin and Ether Funds See Broad Outflows While XRP, 
Solana Stay Resilient The final full trading week before year-end delivered a 
familiar pattern. Bitcoin ETFs bled capital, ether struggled to regain 
traction, yet […]

Cryptocurrency price in USD