Burniske: Bitcoin Retail Holders Panicked in Recent Months, but Hodlers Stayed Strong

March 16 — Crypto journalist Eleanor Terrett says the cryptocurrency tax roundtable, which was postponed last month due to snow, has been rescheduled for today at 4 p.m. Eastern Time. The event is co-hosted by Sens. Steve Daines, Cynthia Lummis and Rep. Mike Carey. Despite tornado weather hitting Washington, D.C., today, the gathering will proceed as planned.

March 16—Bernstein analysts said in a report Wednesday that Bitcoin is building a more resilient ownership structure as institutional funds flow in via ETFs and corporate treasury strategies reshape the market. Led by analyst Gautam Chhugani, the team noted in a client report Monday that Bitcoin has demonstrated resilience amid the recent Middle East conflict, outperforming traditional assets like gold and global stock indices. Bernstein’s analysts argue that the growth of spot Bitcoin ETFs and demand from large corporate treasury buyers have reshaped Bitcoin’s investor base—cutting reliance on speculative retail capital and bolstering its long-term outlook. The primary driver of this shift is Strategy. Bernstein notes the firm acts as the “ultimate Bitcoin lender” via its aggressive accumulation strategy. Strategy has kept buying through recent market volatility, adding 66,231 BTC so far this year at an average cost of nearly $85,000, the analysts said. Per a Monday 8-K fi

On-chain data analyst Yu Jin reported on March 16: - MicroStrategy (MSTR) currently holds 761,068 BTC, valued at $55.962 billion. The firm’s average cost per BTC is $75,696, resulting in an unrealized loss of $1.648 billion. - Bitmine (BMNR) currently holds 4,595,562 ETH, valued at $10.464 billion. Its average cost per ETH is $3,714, with an unrealized loss of $6.604 billion.

March 16 — Bitmine announced today that its total cash and encrypted asset holdings under the "Moonshot Plan" have reached $11.5 billion, per official sources. As of 7:00 PM ET on March 15, 2026, the company’s holdings include 4,595,562 ETH, 196 Bitcoin (BTC), a $200 million stake in Beast Industries, an $83 million investment in Eightco Holdings (NASDAQ: ORBS), and $1.2 billion in cash. Bitmine’s ETH holdings represent 3.81% of Ethereum’s total supply (120.7 million ETH). Over the past week, Bitmine took two strategic moves: 1. It upped its investment in existing "Moonshot Plan" firm Eightco (ticker: ORBS) by an additional $80 million. ORBS has acquired $50 million in equity from OpenAI and $25 million from Beast Industries. Lee noted: “ORBS is now the only publicly traded stock globally giving investors direct exposure to OpenAI. OpenAI’s long-awaited IPO is set for 2026, and investors can gain direct access via ORBS now. We also see major synergies between Worldchain

Per official sources, Binance will launch a U-based perpetual contract for CFG on March 16, 2026, at 9:00 PM Beijing time, offering up to 50x leverage.