BTC falls below the $85000 mark

On chain data shows that Bitmine purchased 96798 ETH worth approximately $272.3 million last week, and currently holds a total of 3.726499 million ETH worth approximately $10.48 billion. （Onchain Lens）

[BitMine Holds 3.73 Million Ethereum, Total Assets Reach $12.1 Billion] BitMine Immersion Technologies' announcement shows that BitMine currently holds over 3.73 million Ethereum, accounting for 3.0% of the total Ethereum supply, completing two-thirds of its 5% target. Its total digital assets and cash amount to approximately $12.1 billion, including 3.73 million Ethereum, $882 million in unencumbered cash, and other crypto assets.

[Strategy Updates FY2025 Earnings Forecast, Revenue Target May Reach $7 Billion to $9.5 Billion] Strategy announced its FY2025 earnings forecast, assuming the price of Bitcoin will be between $85,000 and $110,000 by the end of 2025. The company expects FY2025 operating revenue to range between $7 billion and $9.5 billion, net income between $5.5 billion and $6.3 billion, and diluted earnings per share of $17.0 to $19.0 per common share.

MicroStrategy purchased 130 BTC at an average price of $89960 between November 17 and November 30, 2025, with a total value of approximately $11.69 million. Currently, MicroStrategy holds 650000 BTC with a total value of approximately $55.85 billion, an average purchase price of $744.36 million, and a book profit of approximately $7.47 billion (+15.44%) (Lookonchain).

Japanese listed company Remixpoint announced an adjustment to the use of funds previously raised through the issuance of new stock subscription rights, canceling the planned ¥1.2 billion (approximately $7.75 million) investment in Web3-related business. The company stated that, given the current business environment, it is difficult to find high-quality projects that meet the criteria of 'high growth potential' and achieve a 'balance of expected returns and risks.' The funds will instead be redirected to battery and energy-related businesses. Additionally, out of the total ¥5.976 billion (approximately $38.6 million) raised by the company, ¥4.76 billion (approximately $30.74 million) has already been used to purchase Bitcoin, which was fully invested in June. On October 23, the company decided to halt new equity financing for the purpose of purchasing crypto assets to protect the interests of existing shareholders and avoid dilution of share value.