BitMine and Strategy turbocharge crypto portfolios post-October market meltdown

Digital asset giants double down during the dip—proving smart money moves when others panic.

The Accumulation Game

While retail investors watched portfolios bleed red, institutional players executed textbook accumulation strategies. BitMine deployed capital reserves aggressively during the October sell-off, scooping up Bitcoin at prices traditional finance would call "distressed" but crypto natives recognize as generational entry points.

Strategic Positioning

Strategy Capital rebalanced its digital asset holdings with surgical precision—increasing exposure to Ethereum while maintaining core Bitcoin positions. Their move mirrors growing institutional consensus that blockchain infrastructure represents the real value play, not just speculative tokens.

Market veterans know the drill: blood in the streets typically signals buying opportunities, not exit strategies. Meanwhile, traditional finance analysts still can't decide whether crypto is a scam or revolution—maybe they're waiting for another 1000% move to make up their minds.

Institutional Buying During Market Downturn

BitMine Immersion Technologies has purchased $250 million worth of ethereum in the past week. This follows Ethereum’s price drop of over 10% from its pre-crash level of $4,395 to around $3,932. Despite the decline, BitMine sees this as a buying opportunity based on Ethereum’s long-term potential.

Arkham Intelligence, a blockchain analytics platform, confirmed the purchases. It reported that three new addresses received a total of $250 million worth of ETH from exchanges BitGo and Kraken. These wallets matched previous BitMine acquisition patterns.

BitMine’s total Ethereum holdings have now grown to more than 3.3 million ETH, worth about $13 billion at current prices. This amount represents over 2.7% of the entire ETH supply. The company is working toward its goal of owning 5% of Ethereum’s circulating supply.

Chairman Tom Lee said the company remains confident in Ethereum’s growth. “Given the expected Supercycle for Ethereum, this price dislocation represents an attractive risk/reward,” he noted in a statement.

Strategy Adds to Largest Corporate Bitcoin Holdings

Strategy, previously known as MicroStrategy, increased its Bitcoin holdings during the same period. The company acquired an additional 168 BTC for $18.8 million. Bitcoin’s price had dropped to around $109,524 after the market crash, down from its pre-crash price of $122,500.

Strategy’s founder Michael Saylor confirmed the purchase through a post on X. He stated, “Strategy has acquired 168 BTC for ~$18.8 million at ~$112,051 per bitcoin.” The company now holds a total of 640,418 BTC, currently valued at over $69.3 billion.

This makes Strategy the largest corporate holder of Bitcoin. Despite price declines, the firm’s BTC yield has reached 26% year-to-date in 2025. The firm continues to follow its long-standing strategy of accumulating bitcoin during market dips.

Market Reactions to Institutional Activity

Following these large-scale acquisitions, both companies saw their stock prices increase. BitMine’s stock (BMNR) closed at $53.8, which was a gain of 7.92% for the day. After-hours trading showed a small decline of 0.19%.

Strategy’s stock (MSTR) also ROSE by 2.3% to $296.6. In after-hours trading, it gained another 0.27%. These moves show that investors responded positively to the firms’ decisions to buy more crypto.

The purchases happened despite both Bitcoin and Ethereum remaining down for the week. Bitcoin recorded a 4.28% weekly loss, while Ethereum fell 6.5%, according to BeInCrypto Markets data.

Continued Focus on Long-Term Crypto Holdings

BitMine and Strategy have shown consistent interest in expanding their cryptocurrency portfolios, even during high volatility. BitMine aims to reach its goal of controlling 5% of all ETH in circulation. Strategy continues to increase its BTC position as part of its broader corporate strategy.

Market analysts are watching these moves closely. Although crypto prices remain below recent highs, large institutional buyers are using the current weakness to accumulate more assets. Blockchain data and public filings confirm that both firms are continuing to invest at scale.