The “infinite money glitch” fueling Strategy and BitMine has evaporated, forcing a desperate pivot to survive
The two largest crypto treasury corporations, Bitcoin-focused Strategy (formerly MicroStrategy) and Ethereum-heavy BitMine, executed important expansions of their digital asset treasuries this week regardless of their falling premium. On Dec. 8, Strategy revealed that it acquired 10,624 BTC final week for $962.7 million, its largest weekly outlay since July. This buy successfully ignored the broader…
