🟢 4 TRILLION IS A RECORD NUMBER FOR UNREALIZED PROFIT LIABILITIES THAT MICHAEL SAYLOR HAS COLLECTED OVER THE PAST 30 DAYS
📌 For the past 2 months, Strategy has not opened any more BTC collection wallets at all.
Instead of trying to force a win by accumulating aggressively, they chose to increase the cash reserve fund by $1.89 billion, pushing the total cash reserves to the $6.69 billion mark to stand by safely.
📌 Contrary to Strategy playing matcha latte, Bitmine has just made another move to collect an additional 32,447 ETH (about $81.5 million). This is also their biggest weekly accumulation deal in the last 2 months ➡ bringing their total spending to the $20 billion mark, officially acquiring nearly 4.8% of the total ETH supply worldwide.
Despite steadily DCA from as high as the $4,400 peak down to the $3,350 level, Bitmine is still stuck holding a massive loss of over $4 billion. The current price is still about 25% to 30% away from the break-even point for Mr. Tom Li.
👉 It looks like Mr. Tom Li is willing to stomach billions in losses to wipe out the remaining ETH supply, even though when the price recovered to $3,350, Bitmine still couldn’t get back to even.
$BTC $ETH
📌 For the past 2 months, Strategy has not opened any more BTC collection wallets at all.
Instead of trying to force a win by accumulating aggressively, they chose to increase the cash reserve fund by $1.89 billion, pushing the total cash reserves to the $6.69 billion mark to stand by safely.
📌 Contrary to Strategy playing matcha latte, Bitmine has just made another move to collect an additional 32,447 ETH (about $81.5 million). This is also their biggest weekly accumulation deal in the last 2 months ➡ bringing their total spending to the $20 billion mark, officially acquiring nearly 4.8% of the total ETH supply worldwide.
Despite steadily DCA from as high as the $4,400 peak down to the $3,350 level, Bitmine is still stuck holding a massive loss of over $4 billion. The current price is still about 25% to 30% away from the break-even point for Mr. Tom Li.
👉 It looks like Mr. Tom Li is willing to stomach billions in losses to wipe out the remaining ETH supply, even though when the price recovered to $3,350, Bitmine still couldn’t get back to even.
$BTC $ETH
