Crypto giants double down on bitcoin and ethereum

00:00 Speaker A

strategy has repurchased 205 million of STRC. As of 102526, we hold 848,517 Bitcoin, must be nice, and 5.1 billion of USD assets.

00:09 Speaker A

Also must be nice.

00:13 Speaker A

Uh, so the main story there we need to take a look, they did not buy any Bitcoin. They spent the money buying back preferreds.

00:20 Speaker A

Next story just in Strive ASST buys 6,182 Bitcoin. That's their biggest purchase ever at 82,732 each.

00:30 Speaker A

They now hold 43,000 Bitcoin.

00:33 Speaker A

And of course, just in, BitMine BMNR buys 10,452 ETH now holds 6 million-ish, 4.95% of the total supply with their stated goal being 5%.

00:43 Speaker A

Now, if you're wondering where all this sweet, sweet cash came from, Strive was able to buy that 6,000 plus Bitcoin because they just did that massive offering for their new fixed rate 15% product SATS, SATS.

00:59 Speaker A

That's why they were able to make such a sizable purchase this week.

01:03 Speaker A

Interestingly, of course, Strategy has decided to just buy back STRC, trying to get that thing back up to par so they can turn the Bitcoin buying machine back on.

01:14 Speaker A

Each week they've been buying a couple hundred Bitcoin, kind of a rounding error obviously for their total portfolio.