Crypto markets remain under pressure. Bitcoin is trading just above $67,000, while Ethereum has dropped to around $1,950, extending one of the sharpest multi-week corrections in recent months.
Despite both assets now sitting well below recent highs – and below corporate cost bases – Strategy and Bitmine continue to accumulate.
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Strategy Buys Below $68K
Strategy confirmed it acquired 2,486 BTC for approximately $168.4 million, paying an average of $67,710 per coin. As of February 16, 2026, the company holds 717,131 BTC, acquired for a total of $54.52 billion, with an average purchase price of $76,027.
With Bitcoin currently trading near $67K, Strategy’s entire position is once again underwater on paper. Yet the firm has shown no sign of slowing its accumulation strategy – continuing to treat BTC as a long-term treasury reserve rather than a tactical trade.
Read also: How Low Would Bitcoin Have to Go for Strategy to Sell?
Bitmine Expands ETH Position Below $2,000
On the Ethereum side, Bitmine reported total holdings of 4,371,497 ETH, valued at roughly $2,000 per coin at the time of reporting. The company added 45,759 ETH this week alone, continuing a steady pattern of weekly purchases that has persisted through January and February.
Ethereum now trades near $1,950, placing Bitmine’s treasury significantly below earlier entry levels. Still, the firm has accelerated staking activity, with 3,040,483 ETH now staked, representing over $6 billion committed to validator infrastructure.
Read also: $200M into Beast Industries: Bitmine Expands Its Moonshot Strategy
Conviction Despite Volatility
According to Chairman Tom Lee, recent discussions at Consensus Hong Kong reinforced his view that 2026 could be a defining year for Ethereum, citing improving product-market fit and long-term structural adoption.
Lee also reiterated a broader thesis: since 2010, Bitcoin has outperformed inflation 97% of the time on a rolling three-year basis – significantly outperforming gold over the same period.
Both Strategy and Bitmine appear to be leaning into that long-term framework. While short-term price action remains painful, neither company shows pressure to liquidate, and both maintain significant cash reserves with no forced selling risk.
