MSTR Buys Bitcoin, Bitmine Gambles on Ethereum, XRP’s Big Warning – What Now?

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Strategy Crosses 700,000 BTC Milestone with $2.13 Billion Buy

Strategy has announced one of its biggest Bitcoin purchases of all time, which is to say, one of the biggest purchases of all time. The company has now amassed a hoard of 709,715 Bitcoins, enough to buy a small island-if the island were made of gold and not, you know, actual real estate.

  • 8-K filing. Strategy Inc. has surpassed the 700,000 Bitcoin mark after acquiring an additional 22,305 BTC between Jan. 12 and Jan. 19, 2026. The SEC, ever the vigilant guardian of investor safety, has been duly informed. Or maybe just mildly annoyed.

Strategy Inc. (MSTR) has substantially increased its cryptocurrency holdings, finally surpassing the 700,000 BTC milestone. According to a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), the Tysons Corner-based firm acquired an additional 22,305 BTC between Jan. 12 and Jan. 19, 2026, for approximately $2.13 billion. One might wonder if the SEC is now considering a career in cryptocurrency itself, given how frequently it’s called upon to file paperwork.

  • $76K per BTC. Total holdings now stand at 709,715 BTC, with a cumulative cost basis of about $54 billion. At this rate, Strategy might as well start its own central bank. Or a very expensive piggy bank.

Strategy has surpassed the 700,000 Bitcoin mark after acquiring an additional 22,305 BTC between Jan. 12 and Jan. 19, 2026, according to a Form 8-K filing with. The SEC, ever the patient bureaucrat, has been keeping up.

The average purchase price for this latest tranche was $95,284 per Bitcoin. Strategy’s total holdings have swelled to 709,715 BTC with a total cost basis of $54 billion. The average cost per coin now stands at nearly $76,000 following the most recent purchase. The latest buying spree was funded entirely by the company’s “At-The-Market” (ATM) equity offering program, which is either a brilliant financial maneuver or a very expensive game of “hot potato.”

Bitmine Doubles Down on Ethereum with $108.7M Weekly Buy

Bitmine just added 35,268 ETH worth $108.7 million, lifting its Ethereum holdings to 4.2 million ETH and total assets to $14.5 billion. One might assume this is a sign of confidence, but given the current price of ETH, it’s more like a sign of desperation-though not for the company, obviously.

  • 4 million ETH. Bitmine Immersion has purchased 35,268 ETH worth $108.7 million in one of its largest single-week acquisitions. The question is: Why? And why not?

Bitmine Immersion just raised the stakes in crypto treasury warfare. In one of its largest single-week purchases to date, the company snapped up 35,268 ETH worth $108.7 million, pushing its total Ethereum holdings to an astonishing 4,203,036 ETH. If this is a gamble, it’s a high-stakes one-though the house always wins, right?

Based on current spot valuations near $3,085, Bitmine’s crypto stash now clocks in at $12.96 billion in Ethereum alone. This is so impressive that it may seem delusional given that the price of ETH has been dropping hard in the last 24 hours, even breaking below the $3,000 mark as markets continue to react to the Greenland situation. One can only imagine the Greenlanders’ reaction to this.

  • $14.5 billion. The company’s combined digital assets and cash reserves exceed $14.5 billion, including $979 million in cash and $22 million allocated to high-risk investments.

The firm’s combined digital and cash reserves are valued at over $14.5 billion, including $979 million in cash and $22 million in high-risk investments like Eightco Holdings. At the same time, Bitcoin remains a sideshow in Bitmine’s strategy, with just 193 BTC on the books-less than 0.2% of total holdings. It is ironic, considering that Bitmine’s boss Tom Lee is primarily known for his bullish stance toward Bitcoin. Irony, it seems, is the only thing that’s bullish here.

XRP Monthly Chart Flashes First Major Macro Warning Since 2024 Breakout

If XRP price breaks below $1.88, the next stop is not a small dip. It’s more like a free fall into the void, where the only thing louder than the screams is the sound of investors throwing their keyboards out the window.

  • Bear trap. XRP is at a technically fragile point on the monthly chart, with the Bollinger Bands midline near $1.89 now acting as the critical make-or-break level. A level so critical, it’s practically a doomsday device.

XRP is in a really delicate position technically, and the monthly chart just gave its first serious macro warning since the 2024 breakout. The chart is now a ticking time bomb, and the only thing more volatile than the price is the patience of traders waiting for the inevitable.

If the current $1.89 midline on the Bollinger Bands flips into resistance, the downside magnet is not a mild dip but a brutal collapse: $0.20, the next logical level in the volatility corridor. That is an 88% drop from the current price point, as visible on the TradingView chart. One might say the chart is not just volatile-it’s a drama queen.

  • Make or break. Losing the mid-band would invalidate most breakout assumptions made since November 2024.

The structure is as straightforward as it is brutal. The monthly candles are showing XRP having a hard time holding the middle band. This is the first time since its Q4,2024, liftoff, where there was an over 300% rally after years of it being stuck sideways. Now, the same band has flattened, and the candle bodies are closing into it like dead weight. It’s like watching a shipwreck, but with more charts and fewer lifeboats.

Now that same band has flattened, and the candle bodies are closing into it like dead weight. The lower band has not been tested since 2022, and it has been widening since the parabola began. Losing the midband here is not just a dip-it makes every breakout bet made since November 2024 invalid. When this band broke up in 2020, the price of XRP went into a two-year bear flat. The difference now is scale: the lower band sits at $0.20, not $0.60. A drop from $1.88 to $0.20 is not a correction-it’s a full-scale exodus from the market, and the only thing left is the echo of traders saying, “I should have bought gold.”

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2026-01-22 00:29