MSTR Stock Outpaces ASST, BMNR Despite Bitcoin Buying Pause While Peers Keep Accumulating

Shares of Strategy (MSTR) outperformed Strive (ASST) and Bitmine Immersion Technologies (BMNR) in pre-market trade on Monday even after executive chairman Michael Saylor announced that the company is hitting pause on any new Bitcoin (BTC) buys for the week.

“No buys this week, Back to work next week,” Saylor said in the post on X. Meanwhile, Vivek Ramaswamy-backed Strive announced it had reached a balance of 15,000 Bitcoin after buying 444 BTC for around $33.9 million at an average cost of $76,307 per token.

Tom Lee-backed Bitmine announced it acquired 101,745 Ethereum (ETH) as its weekly buys continue to ramp up towards its goal of “the alchemy of 5%.” The company has an aim of acquiring 5% of Ethereum’s total circulating supply. It is currently 86% of the way there, owning around 4.29% of the supply.

MSTR’s stock gained as much as 2.2% in pre-market trade, while ASST’s stock rose around 1% and BMNR’s stock climbed 1.4%. On Stocktwits, retail sentiment around MSTR trended in ‘neutral’ territory over the past day, accompanied by ‘normal’ levels of chatter. However, retail sentiment around ASST trended in ‘bearish’ territory, while sentiment around BMNR dropped to ‘extremely bearish’ from the ‘bearish’ zone. Both saw chatter at ‘low’ levels.

Strategy Pauses Buying, Still Leads Bitcoin Treasuries

Strategy remains the largest Bitcoin treasury globally with over 818,000 Bitcoin on its balance sheet. Strive ranks among the top 10 worldwide after MARA Holdings (MARA), Bullish (BLSH), Riot Platforms (RIOT) and Coinbase Global (COIN).

Bitcoin’s price gained 0.5% in the last 24 hours, trading at around $79,000 on Monday morning. Retail sentiment around the apex cryptocurrency rose to ‘bullish’ from ‘neutral’ territory over the past day, while chatter stayed at ‘normal’ levels.

Tom Lee’s Bitmine Moves Closer to 5% Supply Goal

Bitmine is the largest Ethereum treasury with nearly 5.2 million ETH on its balance sheet. The company has staked around 4.3 million, which it claims is more than any other entity in the world. 

"Annualized staking revenues are now $297 million. And this 4.4 million ETH is over 84% of the 5.18 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.91% (annualized)," said chairman Lee.

Ethereum’s price gained over 0.8% higher in the last 24 hours, keeping above $2,300. Retail sentiment around the leading altcoin on Stocktwits rose to ‘neutral’ from ‘bearish’ territory over the past day and chatter rose to ‘normal’ from ‘low’ levels. 

Read also: CRCL, COIN, MSTR Stocks Gain Amid Bitcoin’s Rally To Over $80K After Trump’s ‘Project Freedom’

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