Two of crypto’s biggest corporate buyers are still accumulating at scale even as prices slide, underscoring divergent bets about the long-term winners in digital-assets markets.
Strategy — the firm formerly known as MicroStrategy — continued to buy Bitcoin this year and now holds roughly 766,970 BTC, the company disclosed. At today’s prices that stake is worth nearly $55 billion. Over a 13-week stretch early in 2026, Strategy acquired about 90,831 BTC. Its most recent purchase added 4,871 BTC for roughly $330 million.
Those purchases have not been painless. Strategy reported an unrealized paper loss of $14.5 billion in the first quarter. The company recorded a $12.4 billion unrealized loss the prior quarter. Strategy’s leadership, including executive chairman Michael Saylor, has publicly maintained bullish long-term price forecasts; some forecasters posit Bitcoin could reach $1 million by 2030, and Saylor has suggested even loftier targets.
On the Ethereum side, Bitmine Immersion Technologies—described in market reports as the largest Ethereum treasury holder—has also been buying aggressively. The firm now holds about 4.8 million ETH, worth just over $10 billion at current levels, after recent purchases such as 71,252 ETH for $152 million. Those holdings amount to almost 4% of all ETH in circulation.
Ethereum, however, faces different headwinds. The token is down roughly 55% from its August all-time high near $4,954 and trades around $2,200. Bitmine’s stock has fallen about 65% over the past six months. Optimism that tokenization and institutional demand would quickly lift Ethereum has not yet materialized at scale, analysts say.
Market observers point to structural differences between the two networks. Bitcoin is positioned by many investors as “digital gold,” a scarce store of value with a capped supply. That narrative has seen renewed traction amid recent geopolitical tensions. Ethereum is judged more of a utility layer for smart contracts and decentralized finance, but it competes with a growing field of Layer-1 blockchains such as Solana.
The contrasting strategies reveal how institutional treasuries are choosing exposure. Strategy is using a dollar-cost-averaging approach at large scale, accepting short-term paper losses in pursuit of long-term gains. Bitmine’s moves show similar conviction in Ethereum’s future utility, even as competition and market volatility weigh on prices.
Investors and analysts remain split on which asset offers the better long-term return. Some favor Bitcoin for its perceived higher floor and broader narrative as a store of value. Others argue Ethereum’s programmability and ecosystem growth still offer upside, albeit with greater competition.
You can read the original article here: https://www.fool.com/investing/2026/04/13/which-cryptocurrency-should-you-be-hoarding-right/
