On September 27, MicroStrategy made another move, buying 1,665 bitcoins at a price of $85,681, bringing its total holdings to 847,666 bitcoins, or 4% of the total bitcoin supply. Its average acquisition cost is $75,437. Meanwhile, BMNR maintained its weekly ETH buying pace; the latest purchase on September 27 was 17,362 ETH for $2,734, bringing its total holdings to 6,001,302 ETH, with an average cost of $3,366. BMNR is now very close to its 5% target of the total ETH supply. The remaining $672 million in cash is sufficient for it to reach 5% of the total amount. Although the unrealized loss on paper is currently about $4 billion, coming back to breakeven should not be too difficult this time. One advantage BMNR has over MicroStrategy is the steady income generated by ETH staking. According to management, annualized staking returns are approximately $358 million, providing strong cash-flow support.
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