News: Strategy, the largest Bitcoin treasury company, holds 766,970 BTC (3.5% of supply) and continues to buy, despite $14.5 billion in unrealized losses in Q1. Bitmine, the largest Ethereum treasury company, holds 4.8 million ETH (4% of supply) and continues to buy, despite a 65% stock decline in six months. Bitcoin is down 45% from its all-time high, while Ethereum is down 55% from its peak. Long-term price targets for Bitcoin are as high as $1 million by 2030, and $21 million within two decades according to Michael Saylor. Ethereum's tokenization catalyst may take years to materialize. The article concludes Bitcoin is the better long-term play due to its higher ceiling and floor, and its role as 'digital gold'.
AI Analysis: Despite recent losses, continued accumulation by major treasury companies suggests a long-term bullish outlook for both Bitcoin and Ethereum, though the article favors Bitcoin due to its perceived stability and higher potential.
