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Last week was rough for the market with BTC down 4.3% and ETH dropping 7.7%, but the biggest corporate whales were busy buying the dip.
Strategy (MSTR) scooped up 24,869 BTC at roughly $80,985 each, spending about $2 billion. Their total stash now sits at 843,738 BTC worth around $65.2 billion. With an average cost basis of $75,700, they are sitting on an unrealized profit of $1.35 billion, up 2.1%.
Over on the Ethereum side, BitMNR (BMNR) bought 71,672 ETH at roughly $2,251 per token, totaling $161 million. They now hold a massive 5.28 million ETH worth $11.3 billion. However, their average entry is much higher at $3,522, meaning they are currently underwater by about $7.28 billion, a floating loss of 39.1%.
Two very different positions, but both show conviction during weakness. The biggest players are still accumulating.
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