BitMine Edges Toward 5% of ETH While Saylor Adds 811 BTC

Strategy started buying Bitcoin again after a one-week pause and paid for it by selling new common shares. Strategy used cash it already held to buy back part of its STRC preferred stock. BitMine is a few weeks of buying away from owning 5% of Ethereum’s supply. BitMine’s reported portfolio value fell because ETH’s price dropped, even though it bought more coins. Strategy and BitMine Immersion Technologies, the largest corporate holders of Bitcoin and Ethereum, both reported new purchases on November 2. Each company also made moves on the securities it uses to pay for those coins.