Michael Saylor’s Strategy Acquires $1,280,000,000 in Bitcoin, Tom Lee’s Bitmine Buys $122,000,000 in Ethereum
Michael Saylor’s Bitcoin (BTC) treasury firm Strategy says it has purchased an additional 17,994 BTC for about $1.28 billion at an average price of roughly $70,946 per Bitcoin.
The acquisition brings Strategy’s total holdings to 738,731 BTC as of March 8, 2026.
Saylor says it acquired the holdings for about $56.04 billion at an average price of roughly $75,862 per BTC. Strategy trades on the Nasdaq under the ticker MSTR.
In a separate update, Bitmine Immersion Technologies reported that it acquired 60,976 Ethereum (ETH) over the past week, valued at about $122 million at an ETH price of $1,965.
Bitmine says it now holds 4,534,563 ETH, representing about 3.76% of the total Ethereum supply of roughly 120.7 million tokens. The firm also holds 195 BTC, a $200 million stake in Beast Industries, a $14 million investment in Eightco Holdings, and $1.2 billion in cash, bringing its combined crypto, cash and “moonshot” holdings to approximately $10.3 billion.
Bitmine Chairman Tom Lee discussed the firm’s accumulation strategy.
“As the adage goes, nobody ‘rings the bell at the bottom’ and therefore Bitmine’s strategy is to now slightly increase its pace of ETH accumulation.”
Lee said the company has also staked 3,040,483 ETH, representing about $6.0 billion at current prices, with staking operations generating about $174 million in annualized revenue. The firm says it is developing its Made in America Validator Network (MAVAN), a staking infrastructure platform expected to launch in early 2026.
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