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Bitmine buys $126M in ETH amid price drop, aims for 6M ETH holding and Russell 3000 inclusion

Market News
23 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Bitmine Immersion Technologies increased its Ethereum holdings by $125.9 million during a recent price dip, buying 60,000 ETH tokens as ETH's price fell nearly 15% in May. The firm aims to reach a target of 6 million ETH, currently holding 5.3 million, with most of it staked. Bitmine is also set to be included in the Russell 3000 Index, which could boost its stock inflows and potentially lead to inclusion in the Russell 1000 Index. Despite a recent 3.7% drop in Bitmine's stock price, the company's aggressive accumulation strategy highlights confidence in ETH's long-term value.

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Global gauze bandage rolls market to reach $3.19B by 2035, growing at 4.97% CAGR driven by rising wound care demand

Global gauze bandage rolls market to reach $3.19B by 2035, growing at 4.97% CAGR driven by rising wound care demand

The global gauze bandage rolls market, valued at $1.96 billion in 2025, is projected to grow to $3.19 billion by 2035 at a CAGR of 4.97%. Growth is fueled by increasing surgeries, chronic wound care needs, and demand for advanced antimicrobial produc...

Market News
Bullish
1 hour ago
Batmobile Racing wins double at Fuji Speedway with Fasoul-Lightec partnership debut

Batmobile Racing wins double at Fuji Speedway with Fasoul-Lightec partnership debut

Batmobile Racing, partnered with Fasoul and Lightec, secured a double victory in the Pro class at the Lamborghini Super Trofeo Asia held at Fuji Speedway. Drivers William Tregurtha and Jonathan Cecotto led the races with their Lamborghini Huracán Sup...

Others
Bullish
2 hours ago
Ethereum-based crypto Pepeto nears Binance debut after raising $10.37M in presale, attracting capital from Cardano holders.

Ethereum-based crypto Pepeto nears Binance debut after raising $10.37M in presale, attracting capital from Cardano holders.

Pepeto, a new Ethereum-based cryptocurrency, is about to debut on Binance after raising $10.37 million in its presale, signaling strong investor interest. The project offers a fully built DeFi platform, addressing utility gaps that Cardano has strugg...

Market News
Bullish
3 hours ago
Bitcoin nears $62K as Ether and Solana rally on short squeeze and Fed rate hopes.

Bitcoin nears $62K as Ether and Solana rally on short squeeze and Fed rate hopes.

Bitcoin approached $62,000, with Ether and Solana leading gains amid a strong short squeeze and optimism over the Federal Reserve's interest rate outlook. Ether rose nearly 10% weekly, Solana surged 18.6%, and XRP also gained. The rally was fueled by...

Market News
Bullish
4 hours ago
Irish authorities recover another 500 BTC from drug trafficker's wallets, totaling 1,500 BTC seized.

Irish authorities recover another 500 BTC from drug trafficker's wallets, totaling 1,500 BTC seized.

Irish authorities, with Europol's help, have recovered an additional 500 BTC from wallets linked to convicted drug trafficker Clifton Collins, bringing the total seized to 1,500 BTC. These Bitcoins were purchased with proceeds from cannabis sales and...

Market News
Neutral
4 hours ago
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