MicroStrategy and BitMine Strike Together — Tom Lee Says the Mania Awaits

Two of the largest corporate players in cryptocurrency, MicroStrategy and BitMine, have just escalated a quiet accumulation war. One is doubling down on Bitcoin, the other is expanding its grip on Ethereum.

While each move looked routine at first glance, the scale and timing reveal something far more consequential building beneath the surface.

MicroStrategy Accelerates Bitcoin Buying as Pressure Mounts

MicroStrategy snapped up 8,178 BTC last week for roughly $835.6 million at an average price of $102,171 per coin. The firm now holds 649,870 BTC, acquired for $48.37 billion at an average cost basis of $74,433, according to a confirmed update shared by Michael Saylor and Strategy Inc.

Strategy has acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin and has achieved BTC Yield of 27.8% YTD 2025. As of 11/16/2025, we hodl 649,870 $BTC acquired for ~$48.37 billion at ~$74,433 per bitcoin. $MSTR $STRC $STRD $STRE $STRF $STRK https://t.co/HI1TeYOvQ9

— Michael Saylor (@saylor) November 17, 2025

The aggressive move comes just days after Saylor promised that the market would be pleasantly surprised.

“We’re buying quite a lot… people will be pleasantly surprised.” He added that Strategy is “always buying” and now controls 3.1% of the Bitcoin network.

While MicroStrategy’s BTC yield for 2025 stands at 27.8%, the purchase sparked an immediate wave of commentary and controversy.

Lookonchain verified that the company sits on $12.88 billion in unrealized profit (+27%), even after the latest dip. But the crypto community remains split. On one side, analysts argue that MicroStrategy’s structure is sound.

“Even if BTC drops -70%, Saylor still won’t have to sell… There’s no margin call,” analyst Miles Deutscher noted.

Jeff Dorman added that concerns about forced selling are “not even remotely a concern,” citing low interest expense, positive cash flow, and Saylor’s 42% ownership, which prevents activist intervention.

On the other hand, critics like goldbug Peter Schiff argue that the strategy is fragile, with Dom Kwok, a popular user on X, echoing the sentiment.

“MSTR will be forced to sell its BTC to make interest payments… it’s sell bitcoin or bust,” he claimed.

Even market watchers questioned the rollout. Analyst AB Kuai Dong highlighted that Strategy posted, then deleted, its announcement within minutes, calling it “amateurish,” and noting that MSTR fell 3% in pre-market despite the bullish purchase.

BitMine’s Ethereum Grab Signals a Corporate Race for Treasury Dominance

As MicroStrategy expands its Bitcoin empire, Tom Lee’s BitMine is executing a parallel strategy on Ethereum, but at an even larger scale. BitMine now holds almost 3.6 million ETH tokens, representing 2.9% of the total supply, according to its official November update. The firm purchased 54,156 ETH in a single week.