Corporate crypto accumulation continues despite price weakness, with major firms expanding BTC and ETH treasuries.
Bitcoin spot ETFs recorded solid inflows, signaling sustained institutional interest amid market volatility.
Infrastructure adoption accelerates as MegaETH launches mainnet and Visa settles stablecoins on Ethereum.
Despite ongoing volatility across the crypto market, fresh developments show that institutional and corporate engagement with digital assets continues to deepen. From large Bitcoin and Ethereum treasury moves to ETF inflows, new blockchain launches, and real-world payment adoption.
In a filing with the US Securities and Exchange Commission, Strategy disclosed that it purchased 1,142 Bitcoin between February 2 and February 8 for approximately $90 million, at an average price of $78,815 per BTC.
Strategy now holds 714,644 BTC after its recent acquisition, which is valued at $49 billion at the current price.
The company has spent roughly $54.4 billion building its Bitcoin position, with an average acquisition cost of $76,056 per coin.
Chief executive Phong Le previously stated that Bitcoin would need to fall by nearly 90% from current levels before the value of the company’s Bitcoin holdings merely matched its outstanding convertible debt.
BitMine Immersion Technologies is facing an unrealized loss exceeding $7 billion after Ethereum fell below $2,100.
The company holds 4.285 million ETH which it purchased last summer at prices between $3,800 and $3,900 to establish its Ethereum-first strategy.
The decline has pushed the firm’s $8.4 billion crypto portfolio deep underwater demonstrating the risks associated with businesses that heavily invest in cryptocurrencies.
BitMine recently added 41,000 ETH, attributing recent price weakness to post-October deleveraging and capital rotation into traditional assets.
Also Read: ETH Slides to 2023 Levels: What’s Behind the Latest Drop?
According to data from SoSoValue, Bitcoin spot ETFs recorded a net inflow of $145 million on February 9.
The Grayscale Bitcoin Mini Trust ETF ($BTC) led inflows with $130.54 million, bringing its cumulative inflows to $2.07 billion.
The Ark Invest and 21Shares ARKB ETF followed with $14.09 million in daily inflows. Meanwhile, BlackRock’s IBIT saw the largest daily outflow at $20.85 million.
Total net asset value across all Bitcoin spot ETFs stands at $90.05 billion, representing 6.37% of Bitcoin’s total market capitalization.
Also Read: Bitcoin Price at $69,600: BTC Faces Strong Resistance Near $71,000
The high performance blockchain project MegaETH has released its mainnet to the public starting the discussion about how Ethereum should expand its network capacity.
The MegaETH functions as a "real-time blockchain" that aims to handle over 100,000 transactions every second, far exceeding Ethereum’s sub-30 TPS throughput.
The MegaLabs development team secured $20 million in their 2024 seed funding round led by Dragonfly led, followed by a $450 million oversubscribed token sale in October.
The sale drew backing from Ethereum co-founders Vitalik Buterin and Joe Lubin, making it one of the largest crypto fundraises of the year.
ASTER rose around 9%, reaching above $0.60 after it reached an intraday high close to $0.65. The move follows a rebound from February lows around $0.43.
The technical indicators suggest a potential falling-wedge breakout, with traders targeting resistance levels at $0.80, $0.95 and possibly $1.00.
However, muted volume and broader market weakness mean profit-taking risks remain elevated, with key downside levels at $0.54 and $0.46.
Visa has begun settling stablecoin transactions directly on the Ethereum blockchain. Unlike pilot programs, the move represents live production usage, signaling that blockchain rails are becoming part of core financial infrastructure.
Stablecoin settlement enables near-instant transfers, programmable compliance, and reduced reliance on legacy intermediaries.
For Ethereum, Visa’s integration strengthens its position as an institutional settlement layer while reinforcing stablecoins as a neutral form of digital cash used beyond the crypto ecosystem.
1. Why is Strategy still buying Bitcoin despite losses?
Strategy continues accumulating Bitcoin as a long-term treasury asset, prioritizing conviction over short-term price fluctuations.
2. What does the $145M ETF inflow signal?
It suggests institutional demand remains resilient, even as retail sentiment stays cautious during market volatility.
3. Why is BitMine’s Ethereum exposure risky?
Heavy concentration in ETH exposes BitMine to sharp drawdowns, especially when prices fall below acquisition costs.
4. What makes MegaETH different from other Ethereum scaling solutions?
MegaETH targets real-time performance with over 100,000 TPS, focusing on near-instant on-chain interactions.
5. Why is Visa settling stablecoins on Ethereum important?
It marks real production use of blockchain rails by a global payments giant, validating Ethereum for institutional settlement.