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Strategy ( MSTR ) shares got a bid, and Bitmine Immersion Technologies ( BMNR ) shares rose after Bitcoin’s rally.
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The strategy holds 713,502 Bitcoins (BTC) as Bitmine targets 5 percent of all Ethereum.
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The strategy’s aggressive treasury strategy amplifies Bitcoin’s price movements; MSTR and BMNR stocks are both still highly crypto-correlated plays.
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strategy (NASDAQ:MSTR) in stock and Bitmine Immersion Technologies (NYSE: BMNR) shares are both up 6% on Monday morning. The catalyst is the broad recovery of the crypto market Bitcoin (CRYPTO:BTC) rose 3% in 24 hours to nearly $70,000.
Both companies have significant crypto assets on their balance sheets, which is why their share prices are highly correlated with digital asset prices. When Bitcoin moves, the strategy and its Ethereum (CRYPTO:BTC) focused peer chart (Bitmine) often follows with confirmed swings in either direction.
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The bounce is a welcome relief for investors who have endured a tough stretch. Shares of the strategy were down 21.14% year-to-date, while shares of Bitmine Immersion Technologies were down 28.36% year-to-date as of last Thursday’s close. Today’s move doesn’t erase those losses, but it does signal a renewed appetite for playing crypto funds.
As of February 1, Strategy has 713,502 BTC on its balance sheet, making it the world’s largest holding of a Bitcoin company. This treasury is both the company’s biggest asset and the primary factor in the instability of its stock prices.
The strategy’s FY2025 BTC Yield was 22.8%, which the company uses to track the accumulation of Bitcoin relative to its equity. The company raised $25.3 billion in capital through 2025, making it the largest U.S. IPO for two consecutive years. This aggressive accumulation strategy means that every meaningful Bitcoin price change is amplified in the stock.
Prediction markets price continuous cumulation. According to Polymarket data, there is a 95% chance that Strategy will announce a Bitcoin purchase between April 7 and April 13, and a 79.5% chance that the purchase will exceed 1,000 BTC. The public also assigns a 95.4% probability that Strategy will have 800,000 or more BTC by December 31st.
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