Bitcoin fell to $63,000, while several large holders either increased reserves or reduced exposure amid market volatility.

MicroStrategy increases holdings again

MicroStrategy completed its 100th bitcoin acquisition, buying 592 BTC for approximately $39.8 million, financed by selling 297,940 shares of MSTR. This purchase was executed at an average price of $67,286 per coin, immediately before the subsequent price decline. The firm now holds 717,722 BTC, acquired for about $54.56 billion at an average cost of $76,020 per bitcoin.

«If bitcoin doesn't go to zero — it will go to a million»

At current quotes, MicroStrategy's unrealized loss exceeds $7 billion, yet the company continues its periodic accumulation strategy and reiterated long-term conviction.

BitMine and ethereum treasury changes

BitMine significantly expanded its ethereum treasury, purchasing 51,162 ETH for roughly $98 million during the week prior to the crash. The firm's total reserves now stand at 4.42 million ETH, representing 3.66% of the circulating supply of ether. BitMine's unrealized losses have surpassed $8 billion, while management described the sell-off as a strategic opportunity to accumulate.

Vitalik Buterin's withdrawals and sales

Vitalik Buterin moved in the opposite direction, selling more than 8,800 ETH for approximately $16 million via the decentralized protocol CoW Swap in February. The sales formed part of an earlier announced plan under which he withdrew 16,384 ETH to fund ecosystem development as Ethereum Foundation shifts to a "soft savings" mode. Despite the disposals, Buterin still holds over 224,000 ETH, valued at about $427 million.

Market shock and catalysts

The crypto market plunged on 22.02.2026–23.02.2026, with bitcoin sliding from around $67,600 to $63,000 and more than $230 million of long positions liquidated within an hour. Market participants cited a rise in U.S. tariffs from 10% to 15% and heightened geopolitical instability as primary catalysts for the abrupt sell-off.