OranjeBTC and BitMine take advantage of the drop to buy out more Bitcoin and Ethereum

Source: PortaldoBitcoin Original Title: OranjeBTC and BitMine take advantage of the drop to buy more Bitcoin and Ethereum Original Link: OranjeBTC, the Brazilian Bitcoin treasury company listed on B3, has resumed buying Bitcoin last week, increasing its cash to 3,720 BTCs. BitMine, the largest Ethereum fund manager, invested over US$ 200 million to take advantage of the recent drop in ETH prices.

Purchase of Bitcoin through OranjeBTC

OranjeBTC acquired 7.3 BTC for approximately US$ 696 thousand, paying an average price of US$ 95.3 thousand per unit. According to a statement, the company achieved a return of 2.2% in the accumulated 2025 with its crypto venture.

With this acquisition, the company holds 3,720.3 BTC, acquired for approximately US$ 392.11 million, at an average price of ~US$ 105,397 per Bitcoin.

BitMine buys more ETH

In a statement, BitMine, a manager of Ethereum funds, announced that it bought 69,822 ETH last week, raising its total reserves to 3% of the supply of the second largest cryptocurrency in the market.

According to the company, BitMine's cryptocurrency assets, including cash and “Moonshot” projects, total US$ 11.2 billion, including 3.63 million ETH tokens, US$ 800 million in free cash, and other cryptocurrency assets.

Market Analysis

Regarding the bear market, BitMine stated that the continuous decline in cryptocurrency prices over the past week reflects the impaired liquidity since October 10, when the cryptocurrency market experienced the largest liquidation in history, amounting to $19.3 billion, as well as the price technical indicators, which remain weak.

“A few weeks ago, we observed that the likely drop in ETH prices would be around $2,500, and the current ETH prices are basically at that level. This implies an asymmetric risk/reward ratio, as the drop is between 5% and 7%, while the rise represents the upcoming supercycle for Ethereum,” concluded BitMine.